Teaching Your Children How to Manage Money

Randy Alcorn makes some great points over on his blog about how to teach your children how to manage money.  Here’s a summary:

  1. Give your children something great than money – your time.
  2. Use life’s teachable moments to train your children.
  3. Take a field trip to a junkyard.
  4. Teach your children to link money with labor.
  5. Teach your children how to save.
  6. Get your children started on the lifetime adventure of giving.
  7. Provide your children with financial planning tools.
  8. Teach your children how to say “No.”
  9. Show your children how family finances work.
  10. Never underestimate the power of your example.

You can read the whole thing here.

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June 24 2010 04:00 am | Blog

One Response to “Teaching Your Children How to Manage Money”

  1. Bernie Andringa on 26 Jun 2010 at 7:19 am #

    My parents grew up during and in WWII (Holland) and were taught to work hard and waste nothing. Those values were then transferred to me, almost to excess. I’m very glad though for it. After seeing the results of those who spend more than they even have, I thank God for the financial values (among others of course) that I was raised with.