Today we will look into teaching our kids to save and sow.
We have said so much in previous posts on how to save, how to get good deals and how to live debt free. These are very good and I would like to go further by looking at teaching our children and wards or even younger siblings on the importance of savings and sowing.
If you are a parent like me, you would agree with me that most of the young children we are raising these days do not know how money is made. They just want to get their needs and their wants met. If we truly want to be smart stewards, then there is a need to teach them the knowledge that we know so that we can have peace in our later years.
The bible says that Abraham paid tithe to Melchizedek for his children that were still in his loins Heb. 7.10. So it is scriptural to pay tithe and teach our children to do same. We know that as Christians, paying tithe is not optional. It is one scriptural principle that helps to guarantee our financial wellbeing. Teach your children the principles of tithing. Teach them how to calculate it. Teach them how to promptly deduct their tithe from any “dash” money or earnings they have.
Giving is freewill, but even at that, we should teach our children to give as led and with God’s wisdom. They shouldn’t follow the crowd. My twelve year old son can give and give away his right eye and leg in school. I have observed that he is easily moved by sentiments and emotions. So I have started teaching him that yes, it is good to give, but it is not every time you succumb to emotional blackmail from friends and classmates.
The flip side to this is that we should even learn to sow seeds on their behalf and with their knowledge. I give purposefully on their behalf and from their accounts as I am led. I give certain seeds on Mother’s Day to my female Spiritual Mentors at times from my daughter’s account as seed of greatness. I give to outstanding young guys, teenagers on behalf of my boys, especially those that I admire something in them and desire to see those traits in my children.
This cannot be overemphasized. Our children/wards should be taught to save. As a growing child, I wasn’t exposed to this principle at all. The notion was that, how do you save from an income that is not enough? But I know better now. No income will ever be enough. We have to live within our means like Deola emphasized 3 days back. Same mind-set should be transferred to our children. Buy piggy bank for them.(kolo) or Create a “SAVINGS CAN” and let them know that cash inside this can cannot be spent.
Have you ever taken your young child to the bank for a transaction before? Why not try it? Take them during one of their breaks and let them be part of the process of opening a savings account for themselves.
We can also adopt the envelope style we were taught in previous posts. Or use cans better still. Each can should be labelled. Cash gifts/earnings should be divided into these three cans labelled Savings, Spendings and Sharing. Teach them the joy of growing nothing to something.
TEACH THEM TO DELAY GRATIFICATION
A lot of our children/wards want certain things and want them now! Mine are not exempted. Hmmmnn... they have to learn to delay gratification especially if those requests are not necessities, but n2hs. My children have asked for a range of things, from ipad to ben 10 wristwatch to skate board etc. the list is endless. I had to teach them (the older 2; ages 12 and 9) prioritizing and also taught on not having “ojukokoro” – insatiable appetite, which most times stems from peer pressure. Because John has this, I must have it as well. Loving our children and having the desire to give them the best we can afford is quite noble, but we don’t have to break the banks and spoil them in the process. Godliness with contentment is great gain.
A good man leaves an inheritance for his children and children’s children. We not just leave tangible inheritance, but intangibles, such as these knowledge we have and we will succeed as Smart Stewards in Jesus name.
Thanks Sola for the opportunity to share. I hope it has blessed us.
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