The Men of Iron Minute

by Scott Davis | Iron Rep – Tampa, FL

Teach Your Kids About Money Early 

Have you ever considered teaching your kids about money? It’s not an exciting thing to think about.  But you must agree with me that it is vitally important to their future. You may question if they’ll ever know how to manage their money well if you don’t teach them. While I don’t think that’s true, if you want them to have less stress and problems financially throughout their lives, I do believe you should teach them early.

The Bible even tells us in Proverbs 22:6 – Start children off on the way they should go, and even when they are old, they will not turn from it. 

There are at least four major things we should teach our kids about money. Let’s look at one of them.

1. It is simply – WORK – yes, they need to be taught (at an early age I might add) that money comes from work.

It doesn’t just grow on trees or out of the ground for us to go grab whenever we need some! I was fortunate in the fact that I did have a Christian father who trained me and my two brothers about money.

It is just reality; kids do not think about money and the value of money until they need to make their own purchases.

In our society today, we give our kids money freely for so many things. They have no idea the value of money or how hard you need to work for it, until they are taught. You can do this by giving them chores and compensating them with commissions and by sharing with them how you get your pay from your job. It is that pay that allows you to provide the home they live in, the groceries they eat, the electricity they enjoy, all these realities they see and experience each day. So, teaching a child about the importance of working to get their pay teaches them what to expect as they grow older.  Let them know that not working is not an option because money is earned, not given.

Have a great day!  

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