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The Word for Today

by Bob and Debby Gass

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‘These commandments… Impress them on your children.’ Deuteronomy 6:6-7 NIV

Teach your children to handle money. Your home is a classroom for teaching money-management skills, so teach them that if they honour God financially, He will honour them. ‘Honour the Lord with your wealth, with the firstfruits of all… then your barns will be filled…’ (Proverbs 3:9-10 NIV) Before you give your son or daughter money, teach them how to handle it responsibly so that they can avoid the ‘prodigal syndrome’ (Luke 15:11-32). The Prodigal Son’s attitude towards money and his misuse of it cost him dearly. Give your child Biblical wisdom in four areas-earning, giving, spending and saving. Teach your children God’s Word regarding borrowing, lending and credit. In a culture driven by slick advertising and easily obtained, high-interest credit cards, children need to understand the consequences of their financial decisions. The verse ‘Train up a child in the way he should go, even when he is old he will not depart from it’ (Proverbs 22:6 NAS) is not an isolated statement. Read the next verse: ‘The rich rules over the poor, and the borrower becomes the lender’s slave.’ (Proverbs 22:7 NAS) Teach them that what looks like the fast lane to plenty, can become the sure road to poverty. Train them to delay gratification until they can afford what they want. Don’t unwisely guarantee loans for them. The Bible says, ‘Do not be a man who…puts up security for debts… your very bed will be snatched from under you.’ (Proverbs 22:26-27 NIV)

SoulFood: Ex 22-24, Luke 13:1-17, Ps 77, Pr 6:29

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