Not too long ago, my husband and I were talking to a parent who was upset about his young adult child’s poor handling of money. “I thought they were teaching him all of that stuff at school,” he lamented. Even though some schools are beginning to teach financial literacy, most still are not. Even if your children are being taught about money at school, they are not being taught from a Christian perspective and quite possibly not even a helpful one (remember how well schools are doing at teaching other subjects). Financial literacy is one of those topics that you personally need to teach your children.
So where do you start, when you may not be confident about your own money management skills? As with everything in Christianity, you start with their hearts. Although the idea of a specific percentage of income as a tithe is not specifically mentioned in the New Testament, giving to God generously is. There is also the theme of “first fruits” giving throughout the Bible – giving to God first. In the New Testament, Christians were selling off assets to help the church and other Christians who were going through tough times. It is clear God expects His people to give back to Him first, generously and with a willing heart.
Your children will best learn this by observing how you give to God. Are you putting Him first or do you cut back on your contribution to pay for something new that you want? Are you generous when your congregation is collecting items to help others or do you ignore pleas for help? Do you spontaneously help others going through tough times? Your kids understand more than you realize it and will often learn the values, priorities and attitudes you have about money.
Your kids will also learn about giving by having an allowance and being encouraged to give generously to God from it. I know most congregations have shifted to online giving, but they all have giving boxes children can put their offerings into. If you don’t know where yours is located, ask a minister to show you where it is. Encourage your children to give weekly and generously and talk about how you and your spouse do the same online.
Giving is a lot easier when a budget is in place. A budget helps plan expenses to stay within one’s income level, to save for emergencies and to give to God. There are plenty of tools for free online to teach children basic budgeting skills. Unfortunately, most are written from a secular perspective. Which means giving to God is ignored and priorities may be focused on making as much money as possible to spend on oneself. Dave Ramsey has some great resources from a Christian perspective. There is a charge involved, but we used his homeschool materials with our daughter and she not only enjoyed them, but still uses the things she learned as a young adult.
Don’t assume someone else is teaching your kids about how to handle their money in godly ways. Scripture tells us the love of money is the root of all evil and leaving your kids open to the world’s influence about money almost ensures they will be taught to love it. Be proactive and teach them what God wants them to know.