Teaching Britt About Money Management...

Me and Tim have decided that we need to teach Brittany about Budgets. A couple times a year me and Tim sit down a due a budgetary re-org to account for the goals we have set forth for the rest of the year. Well this time Britt got the opportunity to be a part of that.
She found it to be very interesting, which surprised me actually. See my parents never involved us kids with finances so when we were on our own it was quite a shock to us. But it is because of that I thought I was going to try a different approach with my kids. The funny thing that I think she learned was it all makes sense now. Because Britt would ask for something at the store and I would say "no" not today it is not in the budget..and she would be bummed and carry on...and then she would see me drop 200$ at the grocery store that same day and feel like..what the heck I thought you were broke..lol Well now she understands that we have allocated funds to each budgetary category and once that is to a zero balance then you have to wait until the following month. But this time we are doing things a little different. Britt is going to have her own budget - for example she has allocated funds towards clothing, haircare, toiletries, school lunch, etc. and she will be managing that and reporting a status back to us twice a month. I am hoping this will teach her that it is all about give and take and prioritizing. To make sure she understands that it is not all about spending all the money in your budget - we have decided to have a buffer fund that if we come up under budget that those funds will go into that account and then we will use that for our Bahamas trip. So I am hoping our masterful plan for her works and that she learns a valuable life lesson...that or she at least understand why I have to say "No" once in awhile.