This is part 2 about our kids and money. After writing part 1, I was compelled to dust off a money-managing book by Dave Ramsey and continue reading what I started years ago. I remembered seeing his daughter Rachel Cruze speak at a conference. The conference wasn’t about money, but in her session she did speak about kids a money. My note-taking wasn’t stellar that day, but here are Rachel’s points in CAPITALS with my kid-talk thoughts in italics.
BE GIVERS. God doesn’t need my money, but I trust in Him. Side note: I just realized our American currency still says, “In God We Trust.” Tithing at church is a trust thing. It’s a heart issue. As if God is reprimanding folks when they get to heaven for tithing. (He isn’t.) Giving to charity is a heart thing. My most generous friends have this dynamics working in their lives where they just always have, so they always give. I think it’s the other way around, and that’s how God made this world work.
MONEY COMES FROM WORK. Don’t just give your children things. Teach them the relationship between work and money early in their lives. I’m imagining making my toddler pick up his dirty diapers for cash for fishy crackers at this very moment. I want my kids to shake off the current label on this generation being “Entitled.” I want them to understand the rewards of diligent work.
THE BORROWER IS THE SLAVE TO THE LENDER. Debt. That’s my four-letter word. For me, it’s taken decades to finally stop trying to be the exception to the rule. I’ve been a slave far too long. I don’t want my children to go down the same path.
One my friends, Phil commented on my last post that his daughter has categories for her money: tithing, charity, and fun money. Once again, another proponent of teaching our children to be intentional with their finances. Thanks Phil!
Here’s the link to Rachel Cruze and her section on Kids and Money https://www.rachelcruze.com/topics/category/kids-and-money
Your turn. Chime in. Share your thoughts, and let’s keep this conversation going. Have a great weekend! And by the way, I didn’t impulse buy a few of those wresting masks, but I wanted to.