How to Budget for 3 Teenagers (and Decide Who Pays for What)

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Work with me here: https://mappedoutmoney.com/coaching
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In this coaching session, I work with Ben and Amy, who feel like they’re constantly getting hit by “unexpected” expenses while raising three teenagers.

We talk about how to plan for those expenses in YNAB, decide what you’re actually responsible for providing your kids, and balance spending on them today while preparing for the future.

We also cover how to teach teenagers real-world money management by giving them more responsibility over their own spending.

In this session:
- How to plan for expenses that always seem to “come out of nowhere”
- A simple YNAB category structure for kids
- How to decide what to pay for as parents
- How beliefs and priorities should shape your budget
- How to protect retirement during the most expensive years of raising kids
- How to teach teenagers real-world money management

▶️ CHAPTERS
00:00 Intro
02:58 Planning for the unexpected
10:14 Kids’ categories in YNAB
14:34 Beliefs, priorities, and responsibilities
18:32 What should parents provide?
21:39 Stretching your financial timeline
27:34 Building the plan in YNAB
29:14 Teaching kids to manage money
33:50 Final thoughts


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Interested in working with me?: https://mappedoutmoney.com/coaching/
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My Website: https://mappedoutmoney.com/
Podcast: https://podcasts.apple.com/us/podcast/mapped-out-money/id1503281170
Twitter: https://twitter.com/nickdtrue