Make a Budget

Make a list of your income: Write down all the money you receive, like allowance, birthday money, or money you earn from doing chores.

Make a list of your expenses: Write down all the things you need to spend money on, like snacks, toys, and clothes.

Prioritize your expenses: Think about which expenses are most important and which ones you can do without. For example, you may need to spend money on food and clothing, but you can probably skip buying a new toy.

Set a budget for each expense: Decide how much you will spend on each expense. Make sure you have enough money for the most important expenses.

Track your spending: Keep track of how much you spend on each expense, and compare it to your budget. If you spend more than your budget allows, you may need to cut back on other expenses.

Review and adjust your budget: Review your budget regularly to make sure it is working for you. If you need to, adjust your budget to make it more realistic or to accommodate changes in your income or expenses.