Training Your Children to Manage Money

Going along with the Proverbs series that concluded this past week, here are some tips from Randy Alcorn on teaching your children about money. You can go here to see how he explains each point.

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.

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