Saturday, September 12, 2015

Going Dutch: Financial Fitness Message of the Week (31)

Train up a child in the way he should go: and when he is old, he will not depart from it. – Proverbs 22:6
I don’t believe that anyone I know would argue the validity or importance of this verse. We would all agree that it is our job as parents to “train up a child” to follow the Lord, to act on His principles and guidelines for their lives, and to live in such a way that is pleasing to Him.
That being said, I also don’t believe that the verse that comes next is in any way out of place.
The rich ruleth over the poor, and the borrower is servant to the lender. – Proverbs 22:7
It certainly is our job to train up the next generation and part of this is teaching them about the proper use of money and the importance of avoiding debt.
We can train our children to use cash, checks, or even a debit card. Prepaid credit cards can also work but being that most financial institutions charge you interest on your own money for this feature, I would stick with the debit card.
We can explain to our children the principles of financial success, and meet with them every week or month to balance their checkbook, savings account statements, record of cash used, or debit card statements. Have them read good, biblical books on financial fitness while they are young, and then help them follow the principles.
PRINCIPLE 31: Teach your children and youth the principles of financial fitness. Set the example for them. Mentoring them will help you as well as them.*

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