Saturday, April 2, 2011

Teaching Children How to Manage Financial Wisdom

Every parent wants their children to be prudent in managing personal finances. As in other areas of life, we hope to equip them so they do not repeat mistakes that make us pay a heavy price, we experienced many years earlier.
Here are some strategies that you can apply to teach your children about handling finances:
Giving money.
Contrary to the advice many people who say better to give gifts of money when the children complete a given task or achieve a feat, you are advised to give pocket money to your child without any conditions. They receive pocket money or allowance money because they are part of your family, and giving it a part of the duty of parents to provide for her children.
Giving this unconditional teach your children about God's grace and faithfulness. They did not accept because they deserve or are entitled to get it, they receive pocket money and allowances because they are children who are very loved by his parents. Whatever they do, that will change that, like love and faithfulness of God to His children. Nothing can change God's love to us, whatever we do. He remained God's faithful and loving.
Teaching tithing.
Encourage your children to give ten per cent of pocket money, allowance or other income to the "bank of God," and help them to decide where to invest for the Lord.
They could invest in the mission field, the church, pantiasuhan or social services. Teach them to have a spirit of give and do it with joy, make them understand that giving them an impact on the lives of others.
The duties and obligations.
Given job or task such as sweeping, cleaning the bedroom, wash dishes, do because they are part of the family. They do not get paid for doing all that. Help each other must be done because they are part of the family, so do not give money as gifts because they are willing to perform their duties and obligations.
To earn some extra money, they should do the job outside the home job.
About saving money.
When they were very young, help them by making their own bank accounts. To encourage saving, make a deal, for example every time they save ten thousand dollars, you will provide an additional twenty thousand dollars. But along with their age and growth of their awareness of the importance of saving money, extra money hilangkanlah earlier.
With perseverance you teach to the four above items to your baby, then your children will be formed into a personal God fearing, generous, but can manage finances properly. Heritage values ​​of this life will be more valuable and lasting for your children, from the wealth and riches.Source: CBN.com

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