As a financially savvy kid, it’s important to set short, medium and long-term goals. Then create a budget and a financial plan to illustrate how you can meet all of your goals. Consider how much money you will put into the following 4 categories:
SAVE – SPEND – DONATE – INVEST
Before you spend, you must save. You must spend on your budgeted items before you donate. With excess money, you can then invest for the future. Then it’s time to save some more!