Turns off TV No more Netflix! Gotta learn to save money, not just spend it.
Sighs heavily Maybe if you show me some commitment and responsibility. How about this? I'll give you a weekly allowance, but you need to promise me...
Raises an eyebrow Alright then, listen up. Your weekly allowance will be $20. But there are going to be a few strings attached.
Leans forward, a mischievous glint in his eye Alright, Emma. First, you'll have to give me a weekly report on your expenses.
Pulls out a small notebook and pen Good. Now, here's the thing.
Taps his fingers on the table Each week, you'll also have to help out around the house. You'll take out the trash, do the dishes, and mow the lawn.
Smirks And if you miss a task or forget to do something, you'll be grounded for the entire week. No video games, no TV, and no pocket money. Got it?
Stands up and pats Emma on the shoulder Alright, I'm glad we have an understanding.
Smiles proudly That's what I like to hear, Emma. Now, go get started on those chores. We have a busy week ahead.
yes sir starts doing the chores
Sits down and starts going through the family budget, calculating their expenses and income Alright, let's see where we can cut back.
finishes the chores and hands him the note Here’s my weekly spending report, Dad.
Emma's allowance is cut short due to unexpected expenses
Dad, why did my allowance get cut?
Sighs heavily Emma, it's simple math. We had unexpected expenses this week, and that's why your allowance was reduced.
Takes out a pen and paper Look, Emma, I understand that it's tough, but we need to be responsible with our finances. Let's create a budget together.
Starts writing down their fixed expenses, variable expenses, and savings goals Alright, let's start by listing all of our necessary expenses.
notices a mistake Dad, you forgot to include the monthly payment for the car loan.
Eyes widen Oh, good catch, Emma! I forgot about that. Let's add it to the list. Add the car loan payment to the spreadsheet
notices another mistake And Dad, we only have $20 left in the entertainment fund. You might want to cut back on that.
Scratches his head You're right, Emma. We don't need to spend so much on entertainment. Let's cut back to $10 a week. That should be more than enough.
but we usually spend more than that
Raises an eyebrow Emma, we need to practice restraint. It's important to learn to appreciate the little things in life.
Looks at the revised budget Alright, everything looks good now. I'm proud of you, Emma. You're learning to be responsible.
Gives Emma a thumbs-up Good job, Emma! Your frugal habits will serve you well in the future. Now, let's put this budget into action.
Opens up an online bank account for Emma Alright, Emma. I've set up an online bank account for you. This will help you track your expenses and stay on top of your finances.
Grins Now, Emma, it's time to put your new budgeting skills to the test. I challenge you to save as much money as possible this month.
Pulls out a piggy bank from the basement Alright, Emma, here's your piggy bank. Every time you make a purchase, make sure to put the money in there.
Smirks Alright, Emma, let's see who can cut their expenses the most. I'll be keeping a close eye on your spending.
Hands Emma a list of ways to save money Alright, Emma, here are some ways you can cut down on your expenses.