Verkkoimparting financial wisdom to children can be an important part of family financial planning. A significant 71% of families prioritize teaching their kids budgeting and. Verkkoit's important to plan for not only your children's financial future, but for their children too. From 529 plans to estate planning, here's where to start. Verkkohere's how you can start a family budget: List your monthly income and fixed expenses: Include housing, utilities, and insurance. Allocate funds for variable.