Cash Course: What Is A Budget? | Kids Shows

In just a few minutes, middle and high school students will learn the benefits of budgeting and how to apply it to their own finances right now.

Cash Course is a fun and educational show highlighting the importance of money management and financial literacy for grades 6+.

📲 Take PragerU videos with you everywhere you go. Download our free mobile app!

[janokero]

I do:
10% Tithing
20% Saving (emergency fund and after that retirement)
30% Housing (mortgage, utilities, house insurance & tax)
40% Living ((food, fuel, commute, health and the rest of it...)

[fearthehoneybadger]

Our government needs to know what a budget is, too.

[jnll]

This is great! My children are ten and we've already discussed this, but I'm excited to have them watch this after school! My daughter's money burns a hole in her pocket, while my son saves up — and accounts for his sister being penniless! When they were 7, he asked if he could use his birthday and Christmas savings to go to a trampoline park. I replied, "Sure! Too bad Sissy spent all her money. How's she going to go?" And as I turned to her, ready to negotiate some extra chores for cash, he said, "Oh, I know — she never saves! So I saved enough for both of us. I can pay for her." Praise for his generosity and forethought, but we also had to discuss being careful not to be taken advantage of, and for her to do something nice back for him, like help him clean or save up to treat him. But parents teaching lessons and seeing something like this PragerU video are different. This gives us the chance to say, "See? This is what we've been talking about." Thanks for this!

[kscgcdm]

What high school kid makes $2000 / month at a part time job? That “allowance” must be SWEET!

[davidwinokur]

This is more helpful information about finances than you typically get in the first 12 years of public school.

[edgarmaron]

Please make more videos like this, it's really important.

[funkydiscogod]

I use the Federal Government model for my monthly budget. I split it into "mandatory" and "discretionary" items.
The "mandatory" items are the expenses I've already promised to pay, like Netflix, Hulu, Disney+, and other subscription streaming services.
The "discretionary" items are things I haven't bought yet, and don't know how much they'll cost, like food and gasoline.

[darkdudironaji]

$2000 per month AFTER taxes with a PART-TIME job? If you work 20 hours at $25/hr, you'd still need hundreds of dollars from your allowance to make it to $2000/month.
You should have made it like $600/month to keep it realistic.

[shiniquajones]

It’s like Dave Ramsey says “most people are trying to out earn their stupidity”

[herodotasgamer]

Oh yes, let's say your allowance + part time job, is $2000 a month. I don't even make that on full time wages as a cashier :P

[Powder]

Thank you for the content that is needed!

[tessie]

What if your expenses go from 50% of your income to 80% of your income 🤔 what happens then?

[janettemasiello]

When people get their first job,
they should sock away 25 bucks or whatever they can afford each week and do not touch it.
If only I had heeded that advice !

[alkatrazflores]

Great! Now if only we take taxes into account...!

[uncletrick]

The only flaw with this video is not mentioning that you cannot keep your "needs" within 50% if you don't live within your means. Too many people buy houses, cars, etc. that their budgets can't afford and then they have no money for savings or wants.

[TickedOffPriest]

Not just a savings account because that will be eaten by inflation, but something practical.

[TheGeckoIsKing]

If anyone needs a budget spreadsheet let me know. I made one that’s pretty comprehensive

[rogermetzger]

For someone born on the wrong side of the tracks (as I was), 30% is WAY too much to be "budgeting" for non-essentials.

[KeithBarnett]

You forgot the bills like utilities, trash, Internet Etc

[TheRadioAteMyTV]

It's all good until rent becomes 90 percent of your needs and you are wondering how the remaining 10 percent will cover the other needs and there are no more wants or savings.