Five Bible Verses to Teach Your Kids Practical Money Skills
Posted May 10, 2016Proverbs 22:6 (NIV) Start children off on the way they should go, and even when they are old they will not turn from it.
The longer you wait to start teaching your children to be good stewards of their financial resources the harder it is to instill good habits. Most kids in America know their way around the local shopping mall and can run circles around their parents when it comes to the latest app on their favorite gadget but when it comes to practical money skills most of them are in the dark. If your child can add and subtract then most likely they have the intellectual skills to master personal finance but many do not have the emotional maturity to make good financial decisions. By the way many adults also have that same issue. So what can we as parents do in order to start our children off on the right way to go when it comes to money? These five Bible verses can help get them on the right track:
1# Philippians 4:19 And my God will supply every need of yours according to his riches in glory in Christ Jesus.
God is the true provider for all of our needs but nowhere in the Bible does it say that God will give us everything we want. That doesn’t mean we can’t give our children things they want but we must teach them the difference between wants and true needs. For example, we NEED to eat, but we do not NEED to go out to dinner every night. We NEED clothes so people won’t look as us funny, but we do not NEED to be wearing the latest fashion craze.
#2 1 Corinthians 4:2 Moreover, it is required of stewards that they be found trustworthy.
If we are unable to be good stewards financially, how then we can expect God to trust us spiritually? So we need to keep in mind that every financial decision is also a spiritual decision. We can all be better stewards by being grateful and content with what we have and understand that everything comes from God, belongs to God, and is distributed by God.
#3 2 Thessalonians 3:10 For even when we were with you, we gave you this command: “Those unwilling to work will not get to eat.”
That doesn’t mean I believe your child needs to work before you provide them food, shelter and clothing but by paying your child an allowance for doing work/chores around the house does teach your children the value of work. If you want to teach your child about saving, giving and spending money, they first have to learn a lesson on earning it!
#4 Hebrews 13:16 Do not neglect to do good and to share what you have, for such sacrifices are pleasing to God.
The most joyous people are not always the ones who have the most but they are usually the ones who give the most. Teaching your children about giving their time and money develops discipline because an awareness of others’ misfortune will serve them well in any aspect of their lives.
#5 Proverbs 6:6-8 Take a lesson from the ants, you lazybones. Learn from their ways and become wise! Thought they have no prince or governor or ruler to make them work, they labor hard all summer, gathering food for the winter.
Does saving mean that we are not relying on God? No, saving is being a good steward of your financial resources. Nobody likes to plan on things going wrong, but invariably they do. An easy rule to teach your child is the 10-10-80 rule where they give the first 10%, save 10% and can spend the rest!
Article first posted via: http://brendayoder.com/steve-repak-fi…
posted by Steve Repak
on May, 10
Source: Good Reads