We want to help you prepare your teen for their future, financial independence—from you!
In This Episode, We Look At:
The Starting Point: Your influence
Some of you are thinking, “We’re doomed!” The most impactful action you can take to help your teens is to set the best example .
Not only are they watching you; they are listening to you.
Include Them in Family Finances
Include them when you review or write the family budget and when you shop or pay bills.
Teach Them the Value of Money.
Talk about how various work efforts demand higher compensation, but that in all labor there is profit. Proverbs 14:23
Teach them the importance of learning a skill or trade.
Help Them to Live Within Their Means
Explain the Credit Industry
Credit card companies are after their own benefit and their offers are designed to cause failure and indebtedness.
While credit cards provide easy access to what teens want, there are over-limit fees which lead to much higher interest rates and late fees which quickly add up.
Today’s Resources and Links:
Money Matters for Teens, Larry Burkett
The Richest Man in Babylon, by George Clason
The Wealthy Barber, by David Chilton
One Thing You Can Do Today to Improve Your Faith and Finances:
Make the decision to talk openly and objectively with your teens about money. Involve them in household finances as often as you feel is appropriate.
What Are Your Thoughts?
If you have a question or comment about today’s topic, we invite you to share your thoughts.