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I currently substitute, but I am working with young adults trying to become ready for the outside world. One of the things that I am having them do, is plan a budget. I have them write down their gross pay and show them how to use tax tables to calculate their take home pay. I have figure out what percent should be used for rent, food, savings, emergency funds, and other necessities. With what is left over, I explain that can be used for wants - eating out or a movie. One of them has even decided to put extra into savings if it is left at the end of the month to be able to make a bigger planned purchase later.
I think the idea of using play money would help to visual the amount of money better than just seeing the numbers as at times, the written budget seems overwhelming. A combination of writing the budget out with a visual may actually work the best.
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