Equipping Your Kids to Handle Money - Dave Ramsey Part 1

Dave Ramsey has a passion for helping families stay out of debt, manage their money better, and build a financial legacy for future generations. (You can find more related resources here: http://bit.ly/2LAlPnb)

In line with that, Dave urges parents to manage their own money and financial budget better so that they will be able to teach sound money managing principles to their kids.

Dave Ramsey’s “Financial Peace Jr” kit (free with your gift of any amount: http://bit.ly/2QWo9ej) teaches children the values of working, spending, saving, and giving. Dave doesn’t like the term “allowance,” but prefers using a “commission” system of paying children as they complete age-appropriate chores. Dave encourages parents to allow children to make small and safe financial mistakes in the home (e.g. wasting all their spending money on a cheap toy) so that they can learn life-lessons for the future. He warns families that any and all kinds of debt are dangerous and should be avoided, and he also shares how giving generously will transform our faith and lives. Dave also describes how, as a new Christian, Focus on the Family taught him solid principles about marriage, parenting, and following God’s Word.