NOTE to parents, teachers, and educators of every kind: Use this definition as a simple, kid-friendly teaching tool. Click this link to view the full index of current money terms and definitions, and learn how to use the Sammy Rabbit dictionary to support teaching and learning.
Word and Category
Word: Budget
Related Definition: Spend + Spend Smart + Plan + Track + Measure + Manage
Category: System Word
What this category means: System words explain how money is organized and managed. They help children understand tools and systems that make money easier to track, plan, and use on purpose.
Definitions
In Simple Words
A budget is a money plan.
It helps you decide how to use your money for saving, spending, and giving.
A Little More Grown-Up
A budget is a written plan that shows how money will be used. It helps you organize your money, make choices ahead of time, and make sure your money supports your goals.
Context Clues
The word “budget” appears in Sammy Rabbit songs and activities like the song titled: Budget. Have kids take a listen and read the lyrics to gain a deeper understanding of the word in this context.
Sammy Says Sentences
Sammy Says: “A budget is your money map. It shows where your money should go!”
Silly Sentence
My budget was so organized that my coins lined up for roll call!
Serious Sentence
When you follow a budget, you are more likely to reach your money goals.
Rhyming Sentences
Silly Rhyming Sentence:
I made a budget neat and tight, my money knew just what was right!
Serious Rhyming Sentence:
With a budget in place and goals in view, my money knows just what to do.
Money Habit Sentences and Connection
Money Habit Sentences:
Making a budget helps you plan your money, and using it every day is a smart habit. Sticking to your budget can turn good spending choices into a healthy habit.
Share with kids:
Using a budget helps kids plan ahead, avoid running out of money, and feel confident knowing they have a plan for saving, spending, and giving. it is a great habit.
Examples of a Budget
Deciding how much money to save, spend, and give
Planning how to use allowance or earnings
Making a simple list of money choices before spending
Tracking where your money goes
Examples of What Is Not a Budget
Spending money without a plan
Guessing where your money went
Buying things without thinking ahead
Related Money Words
Plan • Save • Spend • Goal • Choice • Account
Opposite Money Words
No plan • Overspending
Questions for Kids
Ask your child or student: “How can a budget help you use your money in a way that supports your goals?”
Remember
A budget is a plan for your money—and plans help dreams come true.
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Related Standards Aligned Lesson Plans
Keep Kids and Families Learning
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Parents, teachers, and community leaders are invited to explore the resources and teaching tips available on SammyRabbit.com, starting with award-winning financial educator Sam X Renick’s article series, Money Lessons Parents Should Teach Kids!
Schools, community organizations, employers, and partners can learn more about Sammy's Dream Big Financial Education curriculum, a flexible, standards-aligned approach designed to help children build strong money habits, confidence, and lifelong skills.
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