How to Teach Money Management


What are some wise ways to manage our money? And how can we teach our kids to be wise with money? Jacob shares his insights from life experience how we can share these important principles with the next generation.

He who is faithful in a very little thing is also faithful in much; and he who is unrighteous in a very little thing is unrighteous also in much. Luke 16:10

Reality is…money makes world societies go round in so many ways.  We can allow our financial concerns to drown us or we can take charge of them.  There are endless tools, resources, and materials available to help us be wise in our money management.    Check out these quick tips:

  1. Get out of debt…and stay out – It wasn’t long ago that I got married and carried into my marriage a significant sum of financial debt from school only to add to that a car payment my wife carried in.  The first year of our marriage we decided that we would live debt free.  Within a year, we were out of debt and have vowed to never go back!  You should do the same!  In Christian circles (and now outside these circles), Dave Ramsey’s Total Money Makeover is one of the leading resources on how to be wise with our money.  I highly recommend this resource! 
  2. Budget…and stick to it – It wasn’t until I got married that I began to use a budget (insane…I know).  One of the wisest things I’ve done financially is to create a budget and stick to it.  There are multiple resources for this.  I highly recommend the software YNAB (You Need a Budget).  Their philosophy and software is great and they have a ton of resources, including classes you can take online for free.  Never stop learning when it comes to budgeting!  You can always learn more.
  3. Pass it along – A fun way to pass along the importance of making wise financial decisions to your children is by helping them with things that they will already want to do.  For example, the neighborhood lemonade stand.  If your child wants to have a lemonade stand, be intentional about walking them through the costs associated with having the stand.  Lemonade mix, water, cups, and time spent aren’t free in the “real world.”  Help them know how to set the price of each cup so that their experience is profitable.  Another great resource for you as a parent in passing financial wisdom to your children is Dave Ramsey’s book Smart Money, Smart Kids.

God calls us to be good stewards of His blessings.  As parents, we are called to manage our resources well…including our children.  Let’s take time this week to bring our kids into the conversation about being wise with money.

Camper Corner:

How can you be wise with the money you have?  Are there things you want to start saving for?  If you were to buy a car, how would you go about paying for it – cash or car payment?  What are some ways you can be wise with your money now that will benefit you in the future?

Related Blogs

  • How Does God’s Daily Provision Affect Our Resilience?

    Hey Camp Family! My name is Stacy Garrett and I’m a camp registrar.  Today let’s look at how focusing on God’s provision in our lives can help us be resilient people. Scripture Matthew 6:25 & 26 “Therefore I tell you, do not worry about your life, what you will eat or drink; or about your...

    Learn more
  • How can a Child be Confident in their Beliefs while Respecting People with Opposing Beliefs?

    Hey Camp Family! Lauren Stacy, Camp Travis Women’s Director, gives perspective on how to give a reason for the hope we have in Christ Jesus…even when others disagree. Scripture 1 Peter 3:15 But in your hearts revere Christ as Lord. Always be prepared to give an answer to everyone who asks you to give the...

    Learn more
  • How to Help our Kids Know the “Why’s” of Faith

    Hey Camp Family! Janna Kelsey, Camp Store Manager, shares the importance of equipping our kids with the ability to explain why they believe what they believe. Scripture 1 Peter 3:15 But in your hearts revere Christ as Lord. Always be prepared to give an answer to everyone who asks you to give the reason for...

    Learn more
  • What is the Importance of Enjoying Nature?

    Hey Camp Family! Madi Tipton, Base Camp Women’s Director, reminds us of so many benefits of enjoying God’s creation out in nature. Scripture Romans 1:19-20 For what can be known about God is plain to them, because God has shown it to them. For his invisible attributes, namely, his eternal power and divine nature, have been clearly perceived,...

    Learn more
  • How Can Parents Help Kids when it Comes to Pornography?

    Hey Camp Family! Welcome back. This week on Family Matters, we’re going to talk about how you as parents can help equip your sons and daughters to handle pornography. Scripture John 1:5 The light shines in the darkness, and the darkness has not overcome it. Video Reflect Have the courage to approach the topic of...

    Learn more
  • Why is it Important for Parents to Pray WITH Kids?

    Hey Camp Family! Modeling how to connect with God through prayer is one of the absolute greatest gifts parents can give kids. Scripture Romans 12:12 Be joyful in hope, patient in affliction, and faithful in prayer. Video Reflect Model talking with God this shows He is approachable! Pray early, pray often, pray consistently. Be worthy...

    Learn more