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Great Graduation Gift Idea – Money Book

weskamgsYou might think a book focused on teaching money tips would be a terrible graduation gift idea, but consider the following about the graduate in your life:

  1. They won’t remember most of their graduation gifts.
  2. They probably haven’t had a single class about managing and winning with money.
  3. If the graduate is your child, lack of financial prowess could result in them moving back into your house.
  4. They’ll probably listen better to someone else teach about money (even though I’ll teach them what you’ve been trying to tell them – something about that parent-child relationship makes them close their ears!).
  5. This is a gift that can help them fund all of the big time dreams in their life!

I encourage you to get your copy of the book (and its related study) today. Most orders ship the same day they are ordered!

Kids & Money Tip: Dreams Should Drive Financial Decisions

NOTE: This is an except from my book for young people – What Everyone Should Know About Money Before They Enter The Real World. It is written for young people just beginning their money relationship. You can learn more and purchase this book and its related study guide HERE. By the way, this book makes an excellent Graduation Gift!

What do you want to accomplish during your lifetime? What have you been put on earth to do?

As you embark into life in the real world, there is no doubt that you have been asking yourself these questions. Sometimes these questions can cause one to feel overwhelmed or fearful. Other times, these questions can fill one with hope and joy. You may be experiencing all of these feelings.

Every person has hopes and dreams they want to achieve. I believe every person has been put on earth for a specific purpose, and I want you to accomplish your hopes and dreams. Most people, however, do not have a written plan for how they are going to achieve their dreams. In fact, more than 50 percent of people who attend one of our personal finance teaching experiences have never written their hopes and dreams on paper. This is very sad.

Henry Ford once said, “Fail to plan. Plan to fail.” This is an incredibly true statement.

I clearly remember the day I was teaching the Financial Learning Experience in a small town. I asked everyone in the room to write their hopes and dreams on paper. When they had finished this task, I asked them this question – “If this is the first time you have ever written down your hopes and dreams in your adult life, please raise your hand.”

As usual, more than half of the room raised a hand, but one person’s hand caught my attention more than the others. It was a man who was over 70 years old and still working a full-time factory job to produce an income for his family. He was working because he had to. I wonder if he would still be working full-time at 70 if he would have written down his hopes and dreams on paper when he was 18.

You have huge potential. What do you want to make sure you accomplish during your lifetime?

You see, it is these dreams which should drive your financial decisions. Not the other way around!

ACTIONS:

  1. Have the young person in your life ask some adults in their life, “What are your dreams?”  Once they have asked several of them, determine how many of those adults are truly allowing their dreams to drive their money decisions and how many are stuck allowing their current financial situation to drive (or prevent) their dreams.
  2. Grab a copy of the book and study it together to help the young person in your life prevent financial mistakes.

Kids & Money Tip – The Rewards of Saving

One of the greatest lessons I learned from my parents as I grew up was saving money for a dream purchase.

honda_c70_deluxe

 

soybean-field

When my twin and I were just turning into wonderful and perfect teenagers (a fact not exactly verified by our parents), we really wanted to purchase a motorcycle. We lived out in the country, and a motorcycle would be a great way to explore our farm and beyond. Our father came up with a great way for us to earn the money to purchase it.

In one of the farm fields, we grew soybeans. The field was producing a fabulous crop of weeds that year. Dad said he would pay us one penny for every weed we pulled or cut down. We pulled enough weeds to buy the motorcycle. It was a Honda C-70 Passport, and it was awesome! Good planning and hard work – coupled with saving – led to a rewarding purchase.

One of the greatest things you could do for the children in your life is to help them fully grasp this concept as it will equip them with a key skill necessary to live a fully funded life.

NOTE: This is an except from my book for young people – What Everyone Should Know About Money Before They Enter The Real World. It is written for young people just beginning their money relationship. You can learn more and purchase this book and its related study guide HERE.

Kids and Money Tip: No Spending Until You Prepare A Budget

Money is a foreign concept to most children until they are about 4 or 5 years old. It is at around this age they become aware that money has the ability to purchase things. However, most of their financial knowledge is focused on spending because that is what they SEE happening with money.

  • Mom gives money to the grocery store clerk and carries groceries out of the store.
  • Dad swipes his credit card at the gas pump, and it allows him to put gasoline in the vehicle.
  • Grandma gives money to her beautiful grandchildren (your children, of course) and you take the child down the toy aisle to buy something with it.

Since “spending” is what we see happening with money from our earliest days, it is what most children grow up knowing about money. For them, money equals spending.

The important financial principles of giving, saving, investing, and budgeting are not learned. Consequently, grown children leave the house knowing only that money equals spending. This is a recipe for financial disaster!

Here’s a simple thing you can do immediately to change that for your children (grandchildren):

Ask the child to prepare a budget for any money they receive – BEFORE they are allowed to spend any of it.

For example, my daughter receives money for her birthday. She and I count the money so we know exactly how much she has received, and then I confiscate it. Upon receipt of a well-planned budget, I release the money to her for use. Later on, I do a “check in” to ensure the money has been used according to the plan.

In a recent budgeting moment, my daughter was planning the use of $20. Her first budget had $2 for giving, and $18 for spending. I rejected it because there was no saving or investing. Her revised plan showed $2 for giving, $0.25 for saving, and $17.75 for spending. She gave the budget to me with a smile – knowing there was little chance of it being accepted.

I rejected it.

Her third try included giving, saving, investing, and spending. I released the funds to her.

Here’s the reasons I love this process:

  1. Teachable Moments This process creates space for “teachable moments” about money. It forces conversation about the importance of giving, saving, and investing. It allows us to talk about the “spender” mentality that we both share.
  2. Learned At Home Before my daughter enters the real world, she is receiving real financial knowledge that will set her apart. She knows what a mutual fund is and how it operates.
  3. The Pain of Wasting $20 is Less Than The Pain of Wasting $20,000 I want her to recognize the pain of poor financial decisions NOW when she is making $20 decisions so she doesn’t have to learn the lesson with a $20,000 purchase later.
  4. My daughter actually enjoys the process My daughter actually enjoys the process. It has helped her save a substantial amount of money toward her first car. She has financial margin. She knows her parents care about her.

I have my daughter use our FREE BUDGETING TOOL called the “Mini-Budget.” It’s perfect for kids.

My book, What Everyone Should Know About Money BEFORE They Enter The Real World, is a perfect resource for helping your child start out life with the financial tools and principles essential to life.

How I Changed My Child’s Life In 15 Minutes

I changed my new daughter’s life in just 15 minutes time a couple of weeks ago.

That’s quite a dramatic statement, isn’t it?

But it’s true.

How did I change her life?

  • Did I move?
  • Did I decide to change careers?
  • Did I do something super drastic?

Nope. In fact, I did something you could also do to change your child’s life.

Here’s what I did:  I opened my daughter’s 529 college savings account and established automatic monthly contributions. It took a total of 15 minutes. And with that one decision and accompanying action, I changed her life.

Think about it. Because her mother and father took action when she was ZERO years old, when she is EIGHTEEN years old she won’t have to worry about:

  • Paying for college
  • Graduating with a boatload of student loans
  • Whether or not she can even afford to go to college

The magnitude of her parent’s simple decision will still be felt decades from now.

Perhaps you could take 15 minutes of your time right now to open your child’s 529 college savings account and help change their life.

Teach Your Kids About Money – Money and Store System

NOTE: This method can work for children beginning at around age 3 – and can work through early teen years.

FunnyMoney

There are two key influences in a child’s life when it comes to money:

  1. Their parents
  2. The world around them

Who is more likely to help children have a healthy relationship with money? Ideally, it would be the parents!

Here’s a way to help your child understand how to use money and to make healthy choices with it: Create a Money and Store System

Money and Store System

  1. Create your own money (call it a fun name like Mommy Bucks or Reward Dollars) – Here’s some money I’ve made to help you (DOWNLOAD HERE)
  2. Establish a system where your child can earn this money
  3. Purchase 3 or 4 items you know your child would enjoy and place it in a “store” at your home
  4. Assign a value to each item
  5. Watch the system work – and use the experience to create “teachable moments” where you can have incredible conversations with your child about money.

Consider a parent with a 4 year old boy.

The parents create a currency called “Super Duper Money” (SDM for short). To earn this money, their child must complete special age-appropriate tasks around the house such as:

  • “Pick up pine cones out of the yard”
  • “Feed and water the cat daily”

A value of $1 SDM can be earned each week for each key task.

The store has 4 items in it – with varying prices to create short, medium, and longer term goals:

  • Gummy Worms (Price: $2 SDM)
  • Give food to the Hungry (Price: $4 SDM)
  • Legos (Price: $8 SDM)
  • Big Fire Truck (Price: $16 SDM)

As the child performs the tasks and earns SDMs, they can make a purchase from the store.

It’s that simple, and it allows the parent control the conversation. Imagine the incredible teachable moments that can happen:

  1. Saving  As they save money, they can accomplish more.
  2. Giving  They can learn to sacrifice a gift for themselves to serve those in great need. There’s NOTHING like seeing your child be generous!
  3. Delayed Gratification  The importance of saying “no” right now, so we can say “yes” to something more important later.
  4. It is a good thing to work!  I want my child to learn the value of working.

This post is part of a Kids & Money Series here at the wildly popular JosephSangl.com. Click HERE to read all of the posts in the series.

3 Lessons You Could Teach Your Child This Week

Here are 3 simple lessons you could teach your child this very week:

  1. How to intentionally give money away to help others.
  2. How to set a financial goal and establish a plan to achieve it
  3. The importance of saying “no” right now so later you can say “yes” to something more important

This post is part of a Kids & Money Series here at the wildly popular JosephSangl.com. Click HERE to read all of the posts in the series.

10 Things Parents Should Teach Their Children About Money

All parents want their children to succeed in life. I’m regularly asked, “How do I teach my children about money?” This is a great question, but we should start with another question: “What should I teach my children about money?” Once we determine the “what,” then we can focus on strategies for “how” to teach them.

Here are some key things every parent should teach their children about money.

10 Things Parents Should Teach Their Children About Money

  1. Your dreams should drive your money decisions.  Every great accomplishment began with a dream. Money will flow to a great idea and plan. Let your dreams influence the way you manage your money.
  2. Money will go farther if you prepare and follow a budget.  A budget ensures you generate maximum impact with all of your money.
  3. Be very cautious with debt.  Debt has led to the destruction of many people. Demonstrate how debt can help achieve dreams or produce income and net worth. Share how it has led to enormous stress and financial disaster.
  4. Investing allows you to capture the power of compound interest.  Compound interest has allowed many people to fund their wildest dreams. It allows the combination of diligence, time, and money to yield a tremendous harvest.
  5. The importance of insurance.  Insurance allows you to transfer risk thereby preventing a catastrophe from destroying everything you’ve worked to build up.
  6. Giving is living. There’s nothing more satisfying than offering a hand up to someone who can benefit greatly from such a gesture.
  7. Financial margin reduces stress.  Living life “on the edge” with zero savings is for the birds. Share how a simple decision to keep some money in an emergency savings account can prevent life events (like car breakdowns, appliance failures, or emergency home repairs) from causing tremendous financial pain.
  8. A financial education is just as important as your school education. You can have more degrees than a thermometer and still be broke. Be certain to gain a financial education while receiving your professional education.
  9. Every decision is not purely a financial decision. There are times you will have to make decisions because it is “the right thing to do” even though it might not make financial sense. Be certain to allow your core values and beliefs to drive your decisions.
  10. You can either pay now and play later or you can play now and pay later. And it usually is much more painful to pay later!

Anything you would add to this list? Join the conversation on the I Was Broke. Now I’m Not. Facebook Page.

10 Things Kids Wish Their Parents Knew About Money

We’ve been blessed to serve millions of people through this blog, our live events, and the free tools we offer. Along the way, I’ve had countless conversations with people about money and its impact on relationships – both positive and negative. Here’s what I know about every person I’ve been able to serve – all of them once were children. They’ve shared many things with me that began with the statement, “I wish I had known this when I was younger …”

So I decided to put together a list of things kids wished their parents knew about money.

10 Things Kids Wish Their Parents Knew About Money

  1. I don’t know about money. Please teach me.  The schools aren’t teaching me much about money. You will be my primary educator on “all things money.”
  2. I’d rather have your time and attention than more stuff.  I understand that you have to work, but I really love you and want to spend quality time with you.
  3. I’m watching how you manage your money.  I see how you respond to financial challenges. I hear how you talk about money.
  4. Later in life, I’ll tell my friends and children about how you managed your money.  I will use it in examples as I teach my children.
  5. I’m not as interested in receiving an inheritance as I am in seeing you enjoy the fruit of your year’s of effort and sacrifice. One day I will clearly recognize how hard you have worked to establish financial margin and a nest-egg. I want to see you enjoy it and continue to pursue your hopes and dreams.
  6. I know when you’ve sacrificed to provide me with something special. I’ll never forget the toy you sacrificed to buy for me. When you sold something you held dear to send me to camp, I noticed it.
  7. I hear how you talk about wealthy & poor people. I will gain much of my world-view from you. If you view wealthy people as “greedy,” I’ll probably pick that belief up too. If you view poor people as “deserving” of their position in life, I’ll probably repeat it to others. On the flip side, if you view it as a privilege to help the poor and respect those who have managed to build wealth, I’ll do the same.
  8. If you stress about money, I feel it. I may not be able to completely identify what is wrong, but I will know it is related to money. I’ll watch to see how you react to the situation and the attitude you maintain throughout the financial challenge.
  9. It’s okay to say “no” to me when I ask for something.  I won’t like it at the time, but I’m really testing boundaries. I will learn that it is indeed possible to survive without the item.
  10. I know if you are selfish or generous.  Generosity and selfishness are both contagious. I’ll model your behavior.

Anything you would add to this list? I invite you to share your thoughts on our I Was Broke. Now I’m Not. Facebook Page.

How A Flu Shot Is Like Saving Money

I recently got a flu shot. I didn’t really look forward to being jabbed with a needle, but I definitely wanted all the help I could get in avoiding influenza.

As a bonus, the shot helped me have a great example to teach my children about money.

You see, I obtained a flu shot to prevent illness. In much the same way, I save money to prevent debt.

  • WITHOUT equals “risk” If I chose to opt out of receiving a flu shot, I wouldn’t necessarily come down with the flu. However, my risk of illness would be substantially higher. If I chose to opt out of saving money, I won’t necessarily acquire debt. However, my risk of debt has increased. One car breakdown, appliance failure, or missed day of work without any saved money would result in debt.
  • WITH equals “much less risk”  Since I received the shot, my risk of illness from the flu has been greatly reduced. Saving money also reduces the chances of new debt. If I have money saved up, then a refrigerator failure would just be an annoyance instead of a financial catastrophe.

ACTION: Share this illustration with your children to teach them about the importance of saving (and, of course, the importance of a flu shot).

This post is part of a Kids & Money Series here at the wildly popular JosephSangl.com. Click HERE to read all of the posts in the series.

Teach Your Child To Be Generous

I’m not sure anything moves my heart like watching my children be generous. Whether it is sharing a toy with their friend or deciding to play the other person’s choice of game, it moves me!

But we must be honest with ourselves: Generosity is not natural behavior. Among our first words are the dreaded “No!” and “Mine!” along with precise timing to exact maximum frustration in the lives of our parents and siblings.

Here are three practical steps any parent can take to help their child develop the gift of generosity:

  1. Live it in your own life!  Children imitate their parent’s behavior – both desired and undesired! This is THE KEY to developing generosity within your children – be a living example of it. Invite your children to participate in your generous actions – giving to your church, volunteering to clean up your favorite hiking trail, attending a charity fashion show, and buying Christmas gifts for a family facing a tough financial situation are just a few examples. Let them be a part of it!
  2. Be grateful – and say so in front of your children.  Use words of a thankful nature. Choose not to say statements that start with, “When I get … I will be happy then.” Have a roof over your head? Be thankful you are not in the rain! Have heat in the winter and AC in the summer? Express out loud just how thankful you are for it! Does your car get you from point A to point B? Give the car a name and be thankful! Say, “Well, old Betsy is humming right along, and I’m grateful I don’t have to walk to town!”
  3. Make giving part of their money management system.  Every single time your child receives money (birthday, holiday, graduation, work, etc), require them to prepare a budget for every single dollar prior to touching any of it! Ensure the planning goes in this order: (A) Give, (B) Save, (C) Invest, (D) Spend – Let them choose (with your guidance, of course) who the money will be given to.

Gratefulness can take hold of your heart and literally transform your entire worldview. It’s one of the greatest gifts my parents could have ever instilled into me!

I’m blessed.

I’m so grateful.

NOTE: This post was written as part of the “Kids & Money” series here at the wildly popular JosephSangl.com! Click HERE to access all of the tips in this series.

Teach Children The Value of Work

In my book, Oxen, I share about two different ways to produce income:

  1. Type 1 is “Work = Get Paid” || Don’t Work = Don’t Get Paid”
  2. Type 2 is “Get paid whether or not you are working”

These two types of income production are also commonly referred to as “Aggressive” (Type 1) and “Passive” (Type 2) streams of income.

While we all aspire to receive as much income as possible from Type 2 sources, most people start their financial journey with only Type 1 income at their disposal. I recommend teaching children this principle as soon as possible so they do not get afflicted with “magic money tree syndrome” where they believe money just magically appears upon command.

You can do this even when a child is 3 or 4 years old by instituting a “chore chart.” This is a chart where you can assign specific tasks to the child, and they can receive payment upon successful completion. Basic tasks can be assigned at this age including emptying little trash cans into the big trash can, feeding the cat or puppy, and cleaning their room. All of these tasks will, of course, require parental “assistance” at this age, but you are incentivizing appropriate behavior and teaching the Type 1 Income principle!

Conduct a weekly review of the chart with the child. Have them “self-grade” their performance with each chore. Make payments accordingly.

Key Points To Consider:

  • Consider having a picture of their next desired purchase posted next to the chore chart to help keep the child focused on “why” they are doing this.
  • I really like chore charts that also include “fines” for obstinate and ridiculous behavior (like throwing themselves onto the floor in a tantrum or open and outrageous disobedience).

Key steps to implement your chore chart:

  1. Establish age appropriate chores
  2. Assign a monetary value for each chore
  3. Have the child “self-grade” performance each week
  4. Have the child “self-grade” regarding “fines” that should be administered
  5. Make payments accordingly

You will see your children learn how great it is to work and be productive and that good financial things can happen as a result!

Dave Ramsey’s Financial Peace, Jr. is a terrific resource that includes a dry-erase chore cart and even includes envelopes for giving, saving, and spending! We’ve used this to help our children learn these principles. HERE IS AN AMAZON.COM LINK to that resource.

NOTE: This post was written as part of the “Kids & Money” series here at the wildly popular JosephSangl.com! Click HERE to access all of the tips in this series.

How To Teach Investing To A 3 Year Old

We tend to make investing more difficult than it really is. The goal of any investment is to make money.

Here’s a simple way to teach investing to a 3 year old.

  1. Select their favorite cereal
  2. Ask them, “Do you like this cereal?”
  3. Desired Response: “Yes!”
  4. Then ask, “Do you think other little boys and girls like this cereal?”
  5. Desired Response: “Yes!”
  6. Do you think there will be MORE little boys and girls in the future or LESS?
  7. Desired Response: “MORE!”
  8. Then maybe we should own part of the company that makes this cereal. Would you like to own part of the cereal company?
  9. Desired Response: “Yes!”
  10. Purchase stock (using your favorite stock trading company) – Maybe General Mills (GIS) or Post Holdings (NYSE: POST)
  11. Better yet, purchase a mutual fund that owns cereal companies within it

I’ve done this with my daughter when she was 3. I’ve continued the conversation. As a teenager, she is an informed investor who I’m proud to say is becoming a financially confident leader.

Will Your Child Live A Prosperous Life?

Every parent wants their child to thrive in life – relationally, spiritually, physically, and financially! We want them to make a difference!

New parents would never say, “I really hope my child experiences tremendous financial hardship and maybe even bankruptcy.”

Yet many newborns grow into adults who experience tremendous financial hardship and, yes, even bankruptcy!

So what can a parent do to help their child thrive financially?

  • Give them money to start life out with?
  • Pay for their entire college education?
  • Buy them the latest and greatest technology?

All of these things can help a child grow up into a financially-savvy adult, but I believe there is one key factor that dominates all others when it comes to ensuring a child is equipped to win with money.

One Key Factor:  The parents live it themselves!

When parents model strong foundational financial principles for their children, it is the strongest form of teaching one can ever deliver!

Children learn most by imitating their parents! Think about it: If you are being silly and stick french fries up your nose at McDonald’s – your children will do it too. If you slam doors when you are angry, don’t be surprised when your child does it too!

So let’s get to some practical thoughts on this:

  1. You want your child to learn to save? Save money every single time you are paid. Take your child to the bank (even though it might not be as convenient as using the Internet or an app) and deposit the money. When your child receives money as a gift, challenge them to save some of the money into a piggy bank or clear jar – so they can visually see it accumulate.
  2. You want your child to be generous? Give money away every single time you are paid. Better yet, put the money in your children’s hands and have them donate it for you. Donate time at a great charity in your town and serve those who are less fortunate. Again, when your child receives money as a gift, challenge them to give some of that money away.
  3. You want your child to invest? Invest money ever single time you are paid – even if it is just a few dollars. Show retirement plan quarterly statements to your children.
  4. You want your child to budget? Prepare and live by a written budget that you prepare before each month begins! When your child receives any money, help them develop a written plan for each dollar they have received. Show them the power of “giving every dollar a name.”

I know some parents might ask, “When is the right time to share financial information with my child?”

It’s a great question. I’ve chosen to veer towards teaching them even when it makes their eyes twirl – and then I back down because I don’t want them to associate finances with feeling miserable.

Here’s a good general guide:

  • Age 1 to 2  Let them hold money they have been given. Let them help you put it into the piggy bank you have created. Use money as a basic counting exercise.
  • Ages 3 to 4  Let them cut a small item they want to purchase from a store ad. Help them pay for it with money they have saved. This is also a good time to begin a “chore chart” where they can learn the great “work = get paid; don’t work = don’t get paid” principle!
  • Ages 5 – 6  Expand the chore chart to include more detailed tasks. You can begin showing college savings accounts and investments at this age – just from a demonstration of “what Mommy & Daddy do” I even began bringing my daughter to meet with my financial adviser at this age. I just wanted her to “connect the dots” that her parents seek wisdom from others (this is a very important principle!)
  • Ages 7 – 8  Take your child to the bank and open a basic savings account for them. Teach budgeting basics (Income – Outgo = Exactly Zero; Give|Save|Spend; Spend less than you make; Save money for a rainy day) and require them to plan any money they receive. Let them deposit the money at the bank.
  • Ages 9 – 12  Continue to increase the chore chart. Begin explaining how mutual funds and stocks work. I chose to teach my daughter about mutual funds using companies she was familiar with (the company that makes her favorite cereal).
  • Ages 13 – 18  It is at this state that you can begin a “monthly allowance” that allows you to transfer financial responsibility to your child. This allowance can begin with requiring them to pay for their own school lunch and then increase it to responsibility for all of their clothing, food, and entertainment. The principal is simple: Require a budget before the allowance is distributed. Distribute the money. Conduct a review at the end of each month. Have a “lessons learned” conversation and then start over again the next month. Take your child with you to meet with an investing adviser.

What would you add to this list? What questions do you have?

Teach Your Child About Money In 10 Minutes

A few days ago, I asked this question:

“If you had just 10 minutes to teach your child(ren) about money, what would you teach?”

The responses were incredible! Here are a few of my favorites:

  1. Lesson number 1; spend less than you make. Lesson number 2: Make sure you give and save every month.
  2. You haven’t got to spend every dime you get….:)
  3. It’s very important to take advantage of compound interest over time, so START SAVING EARLY and avoid debt as much as possible, especially early in your career. This will save you a lot of grief and stress in later years, plus free up money to be able to be a generous giver.
  4. What my Dad always told me…”A sale is not a sale if you don’t have the cash to pay for it.”
  5. “Everything in the heavens and earth is yours, O Lord, and this is your kingdom. We adore you as being in control of everything. Riches and honor come from you alone, and you are the Ruler of all mankind; your hand controls power and might and it is at your discretion that men are made great and given strength” -1 Chronicles 29-11-12  I would start w/ this verse…reminding them of it in the day to day life that we live together in our home…and then, i’d look around our home and show them that just as everything in our house that belongs to mom and dad…is all stuff they use everyday (tv, beds, hot water, food, etc.) is all stuff that we are glad for them to use w/ care and thankfulness…And in reality, it is all God’s and we want to use it w/ care and appreciation. Until any of us first deal w/ who God is and what is our response to who He is…all the teaching about dollars, budgetting, all the wise money skills…won’t really teach them the most important heart issues…ownership and response…  This is what we did w/ our kids and all 3 of them seem (as young adults in their 20’s) to have a great heart for thankfulness, a joyful attitude about giving and seem to handle their money wisely…
  6. Debt means somebody else gets your money!
  7. 1. Income – Outgo = ZERO every month, every time.  2. 10% to God, 10% to savings at a minimum, every payday, every time.  3. Memorize these two website addresses and visit them often: www.joesangl.com and www.daveramsey.com  End of lesson.
  8. Save most, and spend some. Save for a rainy day, as the old saying goes.
  9. You don’t own your money, you’re just a manager. Make it grow. Be ready to let it go. Give away more than you think you can.
  10. Always pay your tithing- the Lord will provide.

Those are 10 of our favorite responses! Do any of these responses connect with you?

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