kids money

Talking to Your Kids About Money

Do you talk to your kids about money?

If your church has an offering container in the kids’ area, you may have seen parents give kids money to deposit. But did they talk about it or just give it? Talking about money with kids is important if you want kids to be wise, generous, and content. Remember, MONEY is not the root of all evil, but the LOVE of money is (1 Timothy 6:10). The Bible talks about giving back time, talents, and treasures. While you may not have trouble with giving time or talents, sometimes the “treasures” can cause a sting! Growing up, money may not have been a topic of discussion in your home with kids. Therefore, you may feel uncomfortable about talking to kids (or your spouse) about money. But at Connect Point Moms, it always starts with you! So start there by asking yourself: How do I feel about giving, saving, and spending money?

giving generously

“Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.”

Matthew 6:19-21

Talk to Kids about Giving

Everything you have is a gift from God. Show your kids that your family, home, clothes, food, toys, and the beauty around you are ALL gifts from God because He is SO GENEROUS! In spite of your sin, God still lavishes grace upon grace on you (Ephesians 1:7-9). When you give to others, you show your gratefulness of all God has first given you. After all, “We love because He first loved us.” 1 John 4:19. Giving doesn’t just affect the people you give to, but you – the giver – as well.

Side note, the actual “amount” to give back to God is a personal decision as you are simply called to “give generously” (See 2 Corinthians 8 – 9). God loves you so much He gives you exactly what you need when you need it. Admittedly, that may not always align with when you want it! Everything you have is because God has allowed you to have it since it all belongs to Him. Talking to your kids about this truth can help them begin to have a healthy relationship with money.

Start with getting three clear containers (to help see the money grow) and label like this:

  1. GIVING back to GOD (as it all belongs to Him anyhow)
  2. SAVING for later (this is wise)
  3. SPENDING (to help teach contentment)

Talk to Kids about Money Practically

Depending on the age of your kids, you can give a “commission” that is easily divisible by four. For example, four quarters or four dollar bills. Then, show how to put one in Give back to God; one in Savings; and two in Spending. This will help your child learn a healthy way to use and manage money. By the way, it’s important to use the word “commission” and not “allowance” to teach your kids the value of hard work and earning money. You earn commission based on extra chores done around the home. NOT for basic family expectations like cleaning up after yourself, personal responsibilities, or general contributions to family life. This helps your kids understand that money is earned, not given. It also helps your kids see the basic need for everyone in a family to do their part – and not expect to get paid for it!

  • More important points:
    • Before leaving the house for church, check in with yourself so your kids can hear, “Do I have my Bible? Do I have my offering?” You can ask your kids if they have theirs and, as they grow, it becomes their responsibility to remember to bring both!
    • Never give your children money from your pocket to give to the offering at church. This way they can have the satisfaction (or maybe a bit of angst to work through?) of it being a personal gift from them back to God.
    • Shut down conversations between siblings like, “How much did YOU give back to God this week?” as giving is simply between that person and God (Matthew 6:4).
    • Share with your children how God continues to provide for your every need. Allow them to see you give to those who ask (Matthew 5:42) without worrying that you won’t have enough.
    • Show that while it is wise to save money (Proverbs 22:3), you know that money in the bank doesn’t provide your security – GOD does!
    • When going to the store, have your kids bring their Spending jar. Teach them that if they don’t have the money, they can’t get the thing they want. And that is OK! They – and you – can handle disappointment!

If you don’t teach your kids how to think about and manage money, putting it into its proper place, somebody else will. Contentment starts early and starts by your kids watching YOU. Are you willing to learn to do it differently?

Kate Fraiser is a Parent Coach with Connect Point Moms helping you create stronger relational connections with the children in your life. This starts with being aware of your own stuff so you can BE PRESENT with your children in the moment you’re in, and then knowing and using the best ways to communicate with them. For quick and helpful parenting videos, find her on InstagramYouTubeTikTokor Facebook.