- Give your children something greater than money -- your time.
- Use life's teachable moments to train your children.
- Take a field trip to a junkyard.
- Teach your children to link money with labor.
- Teach your children how to save.
- Get your children started on the lifetime adventure of giving.
- Provide your children with financial planning tools.
- Teach your children how to say "No."
- Show your children how family finances work.
- Never underestimate the power of your example.
Friday, July 9, 2010
How Do I Train My Child to Manage Money?
Here are some thoughts from Randy Alcorn, author of The Treasure Principle, a great resource for adults that we have used at Grace Church:
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Great tips. Molly and I just got a couple of banks from Crown Ministries for the girls to use in teaching them about: Giving, Saving and Spending
ReplyDeleteThey're called the ABC Learning Bank, http://www.amazon.com/ABC-Learning-Bank-Kids/dp/1564271722/ref=sr_1_1?ie=UTF8&s=books&qid=1278702109&sr=8-1.
Thanks for the link. Another family we know uses three jars -- for God, Others, Self. I like how they emphasize the need to consider others.
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