- Fill in the "Month" and "Goal" fields at the top.
- In the "Income" section, list each source of income (e.g., salary, allowance, freelance work) in the left column and its corresponding dollar amount in the right column.
- Add up all the income amounts and write the sum in the "Total Income" box.
- In the "Expenses" section, list each expense (e.g., rent, groceries, utilities, entertainment) in the left column and its corresponding dollar amount in the right column.
- Add up all the expense amounts and write the sum in the "Total Expenses" box.
- Calculate "Total Savings" by subtracting "Total Expenses" from "Total Income" and write the result in the "Total Savings" box.
Parent Tip: Review the logic above to help your child master the concept of budget worksheet for kids.
