13 Kid’s Budget Worksheets (Plus Sample Budget Template for Teenagers)

Kid's budget worksheets are a great way to help teach kids how to budget. I round up the best monthly budget printables for kids.

One of the best ways to begin teaching kids how to budget? Is to have them use a kid’s budget worksheet.

You see, seeing the numbers on a piece of paper, in black and white, changes people. I’ve seen it with adults over the years. The ones that swear they are spending less and that they earn enough income to support their lifestyle, but then can’t understand why they come up short at the end of each month.mother helping son fill out kids budget worksheet

Once they actually write out the numbers – the income, the spending, etc. – the reality of their finances almost smacks them over the head. It’s an “aha” moment that all of us have when we sit down and crunch what’s really happening.

It happens to me, too!

For kids, budget worksheets are even MORE important because they haven’t had enough experience to even attempt to “mind budget”. You know, where you just wing it each month, check in a few times on your checking account, and figure everything will work itself out?

Kids learning how to budget need to get in the habit of writing everything out. Then, they can see patterns, get up-close-and-personal with the reality of what they earn versus what they want to buy, and make better financial decisions.

I’m excited to put together a roundup of awesome youth budget worksheets and even sample budget templates for teenagers and kids – it’s one step closer to teaching your child how to manage their money.

And that’s what we’re all about, here!

Kid’s Budget Worksheets

Look through these kid's budget worksheets, and pick one or two to try out with your child.

And if you want some financial literacy lessons to go along with these? I've got you covered with over 31 free personal finance curriculum and lesson plans

#1: Sun Group’s Smart Kids Budget Worksheet

This is a simple, one-page budget sheet for kids that’s pre-populated with several “common” kid expenses and forms of income. FYI: your child might need to cross off a few of the expenses and add in their own.

screenshot of kid money tracker

#2: Connections Academy’s Kid Budget and Financial Responsibility Worksheet

You can download a free budget worksheet for kids that includes some other pointers to help show them what financial responsibility – even at their age – looks like.

screenshot of kids budget worksheet

I like how this sheet shows what “savings” are:

Total (weekly) income – Total (weekly) expenses = Weekly Savings

That drives the point home that a) it’s a good idea to have something left over before your next “payday”, and b) saving money is as simple as that. Just not spending more than you earn.

#3: Carrie Elle's Monthly Budget Printable for Kids

Here's a very simple, one-page, BLANK monthly budget printable for kids. 

screenshot of youth budget worksheet

#4: OldSaltFarm's Kid's Monthly Budget Worksheet

I like how this person's monthly budgeting worksheet for kids corresponds with save-spend-share jars. It's a way for your child to actually track their money, even if they're using jars instead of a bank account. 

kids monthly budgeting worksheet

#5: Carrie Elle's Cash Envelope Budgeting for Kids

If you use a cash envelope system yourself for budgeting, then you might want to teach the same system to your kids. You're in luck — here are some free cash envelope budgeting templates for kids. 

screenshot of kid budgeting envelope system

#6: MoneyandStuff.info’s Youth Budget Template

These guys offer a budget worksheet for kids and a budget worksheet for teens, as well as an explanation of how to set a budget (with the #1 lesson being, you can’t spend more than you earn).

screenshot of sample monthly budget for kids

screenshot of kid monthly budget sheet

#7: iMom's Save, Spend, Share Printable for Kids

Here's another Save, Spend, Share Printable for kids. 

screenshot of kids save spend share printable

Youth Budget Templates

I’ve got a few more youth budget templates that can be used for either kids OR teenagers (even college students can benefit).

#1: Learn in Color's Share Spend Give Budget Sheet for Kids

We're changing things up with this children's budget worksheet, which allows you to teach your child to budget just three categories. Could be a great way to start, especially if your kid is still saving money in mason jars. 

screenshot of children's budget worksheet

This could go really well with piggy banks that are set up for three categories, share, spend, and save, such as the following: 

  • Moonjar classic piggy bank: This award-winning savings jar allows kids to divvy up their money between saving, spending, and sharing. A Family Guidebook and Passbook are included, and the individual compartments can be taken out, or kept together in one bundle.(HINT: this is a great piggy bank for bills).

moonjar classic moneybox

  • Smart Piggy Trio Bank: This is a set of three boxes with magnetic closures that cover your kid(dos)’ money needs for spending, saving, and sharing. Boxes can be stored together, or taken out as separate components. Also comes with a simple kid’s money guide.

  • Money Savvy Pig: I love how transparent the four chambers are with this piggy, one each for: save, spend, donate, and invest. It also comes with stickers to decorate each of the four categories with.

#2: Sun Group’s Teen Budget Template

This is a simple, and visually appealing budget template for teens. Some common teenager expenses are pre-populated in the expenses category – FYI: you might need to cross a few off and add in your own, since there are no blank spaces.

screenshot of teen budget template

#3: Skratch.co's Teen Budget Sheet

Here's a fun-looking teen budget sheet. Again, the categories are already chosen for you (so you might have to white-out). 

screenshot of teen budget worksheet

#4: Queen of Free's Christmas Gift Budget Template

Does your child buy gifts for their siblings, friends…parents? 

Try out Queen of Free's Christmas Gift Budget Template — could be a great way to introduce the idea of budgeting to your child. 

screenshot of Christmas gift budget sheet

#5: Penney Lane's Christmas Budget Worksheet

Again, here's another great, blank, Christmas budget worksheet that would work well for a child who wants to budget for Christmas presents this year. 

screenshot of Christmas budgeting sheet

Sample Budget Template for Teenagers

In order for your teen to fill out a budget, they need to figure out how much they earn (either through a job, through allowance/chore commissions, or through a combination for both).

They also need to know their expenses, specifically if you’ve handed them over any money responsibilities (or things they need to pay for).

Before I share with you some sample budget templates for teenagers, let’s talk about nailing down income information for your teen (you’ll want to check out my resource guide on allowance for kids to figure out that part of the equation, if your teen doesn’t have a job yet).

Do you know what the average teenager earns? That’s a first good step in helping your teen create a budget (or, in managing their expectations of what they can reasonably expect to spend and save when they score that first teen job).

  • Current federal minimum wage: $7.25/hour. Remember that if a state has a higher minimum wage than the federal one, that is the one that is in effect. 18 states currently have a higher minimum wage than the federally set one.
  • Average Hourly Wage for Teens: $10.03/hour. Wow was this number difficult to track down. I eventually ended up calling the Bureau of Labor Statistics, who confirmed that they do not break this number down by demographics.
  • Average Salary for Teens (16-19): $460/week. This is for full-time wage and salary earners.

Alright, now that you’ve got a bit of guidance to help your teen fill out their current or future budget, let’s look at sample budget templates for teens.

#1: MoneyandStuff.info’s Sample Budget Template for Teenagers

Here’s a sample monthly budget for teens.

screenshot of sample monthly budget for teens

Psst: does your teen not have a job? Click on MoneyandStuff.info’s sample budget template for kids, which shows an allowance example instead of a job example.

You'll want to use these kid's budget worksheets within your allowance system. Don't worry if “system” sounds like a pipe dream compared to how you're giving an allowance right now. I've got you covered with my free One-Page Allowance Plan. 

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Amanda L. Grossman is a Certified Financial Education Instructor, a 2016 Plutus Foundation Grant Recipient, and founder of Money Prodigy. Amanda's kid money work has been featured on Experian, GoBankingRates, PT Money, CA.gov, Rockstar Finance, the Houston Chronicle, and Colonial Life. Read more here.
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