An important phrase that I read early in my parenting journey gave me a clear perspective on time and the way I raise my children. The phrase says, “Parenting; the days are long, but the years are few.” Over the years I have reflected on those wise words and done my best to maximise the lesson they teach.
As my children got older, I realised that the dynamics of the time I spent with them shifted. By the time they started primary school, they began to spend less time with me because they were away from me for at least six hours in the day. By the time they were in secondary school, that time away became even longer. As my daughter approached that point where she goes off to university, my husband and I began to assess ourselves and ask if we have equipped her as best as we should for her independent life.
One area where we had been teaching over the years is in the area of handling finances. Different situations have afforded us opportunities to talk about money; our attitude to money as parents, and God’s expectation for handling our finances. We have modelled as well as we could, godly attitude towards money. However, we felt the need to begin to teach more intentionally the vital subject of money. We began to listen to teachings together as a family, discuss and read books on it.
Some of the things we encountered as we sought to find the best ways to equip our children with financial wisdom are quite enlightening. I have found myself wishing I knew them at the beginning of my journey. The wonderful thing is that I can now begin to practice them, but more importantly, I can pass these on to others who would have a longer period to implement them and train their children in safe and godly practices in their finances.
I have not yet become perfect at this, but in this post I will share some nuggets that will be helpful. You may ask, why is it important to teach children about money? Afterall most of us did not have any deliberate lessons on how to handle our finances while growing up, and we seem to get by, or not!
Why teach about money
- Money is very important in life as a medium of exchange for time, resources, knowledge, expertise, and favour. Money gives individuals power and influence over others.
- God expects us to handle money properly as good stewards because all things belong to Him.
- Lack of understanding of money has made many people poor and subservient to others.
- Misappropriation of money can lead to breakdown in relationships and family life.
- Money worries cause anxieties, depression and sometimes lead to suicide.
- If you do not teach your children the truth about handling money wisely, they would buy into the lies that the society is selling about money.
Listed above are cogent reasons why you should teach your children about money. Hopefully, you are now convinced that it is important. How then do you do it?