Kids & Money - A Newsletter for Youth North Dakota State University
NDSU Extension Service

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Keeping Track Of Your Money

Money sometimes passes in and out of your hands so quickly that keeping track of it is hard. Keeping track of your money means knowing where it is and how much you have.

Stashing Cash

Where do you keep your money? Do you put it in a “bank” on top of your dresser? Do you stash it in an envelope in your drawer or put it in a savings account in the bank?

Larger sums of money probably are the safest in a savings account, which will earn some interest to help your total grow. Smaller amounts of money still need to be kept safe in your home. Keep money out of sight. Keep your money in something that doesnt open easily to prevent it from spilling or getting lost.


Even though your money may be in a safe place, you won’t know what you have unless you have some record of it. Use a notebook to write down your income and expenses. Under the income column, list the amount you received and where you got it. Under the expense column, list the item and its cost. Putting a date by each is a good idea.

Watching the dollars add up as you write down money under income is fun. It’s also a good way to keep saving for an item you really want. Writing down your expenses is just as important. Otherwise, you may have a lot less money than you thought.

You can practice your recording skills by doing the activity to the right. Then work with your parents to set up a spending plan that will help you have money when you need it.


Lending money to brothers and sisters or friends is one way money can slip through your fingers. You will need to decide if you want to loan any of your money. Think about how you will feel if it doesn’t get paid back. Always keep a record of how much, when and to whom you gave the money. Then you can cross off the debt when it is paid back.


Tracking Your Money

  1. Keep track of your spending for two weeks. Be sure to write down ALL of the money you spend, regardless of where the money comes from.
  2. Keep track of your income for two weeks. Be sure to include any money that your parents, friends or relatives give you, as well as money earned from a job (housework, mowing lawns, etc.) Make a chart like the example below to record your income, saving and spending.
sample tracking form

Go to: Kids and Money Newsletter Index
Go to: NDSU Family, Home, Youth & 4-H

NDSU Extension Service, North Dakota State University of Agriculture and Applied Science, and U.S. Department of Agriculture cooperating. Duane Hauck, director, Fargo, N.D. Distributed in furtherance of the acts of Congress of May 8 and June 30, 1914. We offer our programs and facilities to all people regardless of race, color, national origin, religion, sex, disability, age, Vietnam era veterans status or sexual orientation; and are an equal opportunity employer.
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North Dakota State University
NDSU Extension Service