Understanding the relationship between income and expenses is more important than ever. While earning money is a crucial part of financial stability, it’s only one side of the equation. Managing expenses effectively is what truly determines long-term financial health. Without a clear understanding of how much money is coming in versus how much is going out, it’s easy to fall into debt, live beyond one’s means, or miss out on opportunities to save and invest.
Learning to track and balance income along with expenses not only builds financial awareness and responsibility, but also empowers us to make informed decisions, set realistic goals, and create a more secure future.
Unfortunately, many of us were never trained on or exposed to this financial fundamental early enough in our primary education.
My Money Journal is used to help children track and identify everyday money interactions in an easy and intuitive manner. A paperback journal to log money transactions.
