Reality Check
Today, I ran across The Teenager’s Guide to the Real World, which has many chapters online. I scanned chapter 1, Money Really Matters, which outlines how much money it would take to start a (really poor) life on one’s own as a young American, and then shows what a typical family’s budget might be.
Katie and I periodically do a budget by category, like the ones in this chapter. The book reminds me that when the kids get older, we need to show the budget to them and help them understand it.
This looks like a great book. I’ll have to keep it in mind for when my kids get older.