Once upon a time, there was a young boy named Max who wanted to learn about budgeting and managing money. His mother sat down with him and explained that to budget means to plan how you will earn and spend your money. She also told him about expenses, which are the things you need to pay for like food, shelter, and clothing.

Max soon found out that some expenses can be expensive, so he needed to make sure he was earning enough money to cover those costs. His mother gave him an allowance to help him practice budgeting and she showed him how to categorize his expenses into different groups like food, entertainment, and savings.

Max was able to earn money by doing chores around the house and helping neighbors. He made sure to accept only jobs that would allow him to earn enough money to cover his expenses and still have some money left over to save.

Max learned that budgeting was important because it helped him understand how much money he had and how he needed to use it wisely. He was proud of himself for being able to manage his money and stay within his budget.

The end.

Reflections

1. What did Max learn about budgeting?
2. How did Max earn money?
3. What did Max's mother explain to him about expenses?
4. What were some of the categories Max used to categorize his expenses?
5. Why was budgeting important to Max?