K i d s’ Bu d g et P l a n n er

A Budget is just a simple plan for what you will do with the money you earn. You
usually do a
budget BEFORE you spend any money, as it makes you think about what is import
ant to you in
advance, so you won’t be tempted to spend money on things you don’t really need.
Grown-ups
tend to do budgets monthly, but it’s easier for kids to do them weekly.

H o w t h i s w o r k s ...it ’s as ea sy as 1,2,3. .
Step 1: Work out how much money you will earn (or get)
Step 2: Decide how much you want to save each week
Step 3: From what’s left over, decide what you will spend your money on.
of the week you can add whatever is left to
Then, if you don’t spend all your money on things you want straight away, at the end
your savings.
this example:
Working out your budget is just like doing a simple maths problem at school. Look at
$3 as spending money. ( $5 - $2 = $3 )
If each week I earn $5 in pocket money, and want to save $2, that will leave me with

YOU EAR N - WHAT YOU SAV E = WH AT YOU SPEND

INCOME = SAV ING S + EXP ENS ES OR WHAT

o
N w I t ’s Y o u r Tu r n .. . Step 4: With your leftover SPENDING
template provided MONEY, you might want to think about what
Step 1: Use the Budget Planner
and then print you’ ll spend it on. That way you’ ll be less likely
on pa ge 2. Either complete online to spend it on thing s you hadn’t planned for.
nd write your
out, or print a blank copy and ha
me and the date
budget details. Sta rt wi th your na Step 5: If you have any money leftover at the end
at the top. of the week that you haven’t spent, why not put it
on - write how into your SAVINGS as well…Remember – ever y
Step 2: In the MY INCOME se cti
et money, as well little bit counts and brings you one step closer to
much you expe ct to get for pock
you might ha ve. getting the bigger stuff you want!
as any other sourc es of income
, write down how Good Luck!
Step 3: In MY SAVINGS se ction
ek . The trick wi th
much you plan to sa ve for the we
nt in your money
your sa vings is to put that amou
straight away
box, or depo sit it in to the Bank
d to spend it.
– that wa y you won’t be tempte
 (Your name)
’s Weekly Budget Planner

Gi ving y o ur k ids Week Starting:

do lla r se nse. MY INCOME
Pocket Money $
Extra Jobs $
Gifts $
Other $
TOTAL: $ 0.00

MY SAVING S
Savings: $

MY SPENDING MONEY
Snacks/Treats $
Going out, Sport $
Toys, Books, CDs, DVDs $
Clothes $
Donations to charity $
Other $
Other $
TOTAL: $ 0.00

Quick Check…
INCOME - SAVINGS = SPENDING MONEY
$ 0.00 - $ 0.00 = $ 0.00

St.George Bank - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714. 9624/7983B 12/10