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Setting Up a Budget for Your Child

Set up a budget for your child to guide her spending (and saving) habits. Sticking to a budget will allow her to pay for the things she wants and needs.
help them budget their on their cell phone bills!
Thanks for the tips. I've recently found a great way to stop the huge cell phone bills that my son was clocking up every month and it helps him learn how to budget at the same time. I got him a Motorola W376 tracfone phone from Walmart (for less than $30). And for $7 a month I can keep in contact with him while he's out of the house this summer and the best thing is that he is taught to budget his minutes becasue of Tracfone's unique airtime balance display on the screen. I would recommend it to any parent that is faced with the problem of a huge cell phone bill every month!
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