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:
  1. Give your children something greater 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.
Read the full article for more details on each idea.


  1. 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

    They're called the ABC Learning Bank,

  2. 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.