1. Set Up Your Board:
Draw a vertical line down the middle of the poster board.Label the left side “Money Sources” and the right side “Expenses.”2. List Money Sources:
On the left side, write down where money comes from, such as:• Allowance• Extra chores• Gifts• Savings• Scholarships• Loans• Credit card rewards• Dental rewards• 529 plan• Roth IRAFeel free to add your own money sources!3. Identify Expenses:
On the right side, list typical education and childcare expenses, like:• School tuition• Textbooks• Supplies• Lunch money• After-school programs• Childcare• Tutoring• Educational apps• Field trips• Uniforms4. Connect the Dots:
Use different colors to draw lines from each expense to its source of funding. Some expenses may have more than one source!5. Talk It Over:
As you draw the connections, chat with your child about how each expense is paid for. It’s a great chance to teach them about budgeting and financial planning.6. Review Your Map:
Once the map is done, go over it together. Ask your child what they found surprising or interesting about how money is spent on their education and care!