Is it a good practice to involve kids while planning a budget?

Of course. if you involve your kids while making a budget plan, you are actually helping them. They can learn from you how to plan a perfect budget for their finances. They'll learn how to separate money for all necessary things, and most importantly how to save money and how to create emergency funds. So, if you are doing it..it's great!!!

Of course, you should involve kids while planning budget. A budget can succeed without the involvement of kids. They need to know why you are allocating money in different categories. They also need to know the concept of sharing, saving, and donating. Explain them why it is important to save money. Otherwise, they would spend money recklessly and you would be in trouble.