Finally, help kids learn easy methods to manage their money well by teaching them easy methods to plan for savings and fun expenses, in addition to giving. One good approach to help kids visualize a financial statement is to encourage them at any time when they receive or earn money to place one small percentage towards giving, one other toward savings, and one other toward spending. The Bible has verses about generosity that usually recommend this method, while a commonly suggested giving amount is 10% of your income. Younger kids will more actively engage with money or play money to visualise the values. For older kids, you may even divide a child’s checking account into three compartments to assist children visualize their income, with loads of banking institutions offering fun, easy-to-use accounts like this under parental control.
When it involves savings, help kids plan their goals and rejoice once they meet them. Encourage the naturally frugal child to feel okay about spending their money on fun things when the goal is reached and to think about receiving the purchased item as a present from God.
This process is an excellent approach to teach kids smart, godly attitudes and habits with money, while these principles about money will spill over into other attitudes about life. After all, there’s a reason why the Bible talks a lot about money. There are at the very least 2,300 verses about generosity, money, wealth, and possessions. Jesus spoke about money in roughly 15% of His preaching and in 11 of His 39 parables. It was His most talked-about topic, with verses about generosity alone numbering in the handfuls!
Often how a child uses his money will show the attitudes of his heart. He ought to be trained not only in easy methods to afford to purchase things, but easy methods to value things the way in which God does. This will impact every little thing from his wallet to his friendships, and his profession to his leisure time. Money is a crucial factor to think about on this planet around us, and with these 4 money management suggestions, you will help children feel on top of things and empowered with their giving and savings.
Photo Credit:  ©GettyImages/kupicoo
Fred Pry is the Acting Vice President of Administration at Child Evangelism Fellowship (CEF), probably the most impactful child evangelism ministry on this planet, reaching over 25 million children with its face-to-face ministry in 2023. Fred joined CEF in 2003 as director of a neighborhood chapter in Pennsylvania before being appointed state director of Virginia. Later, he was invited to guide USA Ministries, and since 2024 he has been serving within the role of Vice President of Administration and providing further leadership to the organization as considered one of CEF’s executive staff.
