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Session 3 Family Guide

Money, Values & You — Tips for families facilitating Session 3: Budgeting Basics

Overview

Learn how to build a budget, understand income vs. expenses, and discover why giving should be planned, not accidental.

Facilitating Each Lesson

Lesson 1: Income and Expenses

Tip: Understand where money comes from and where it goes. Learn to track the flow of money in and out. Take time to discuss each topic and let your child share their thoughts before providing answers.
Try asking: "What do you think about what is income: money that comes in (allowance, gifts, chores, jobs)?"

Lesson 2: Building a Budget

Tip: Create your first budget using simple categories. Learn the basics of balancing income and spending. Take time to discuss each topic and let your child share their thoughts before providing answers.
Try asking: "What do you think about what a budget is: a plan for your money?"

Lesson 3: When the Budget Breaks

Tip: What happens when you spend more than you earn? Explore overspending, debt, and how to get back on track. Take time to discuss each topic and let your child share their thoughts before providing answers.
Try asking: "What do you think about what happens when expenses exceed income?"

Lesson 4: Sadaqah as a Budget Line

Tip: In Islam, giving is not an afterthought — it is planned. Learn why Sadaqah belongs in your budget from the start. Take time to discuss each topic and let your child share their thoughts before providing answers.
Try asking: "What do you think about what is sadaqah: voluntary charitable giving in islam?"

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