PARENTAL RESPONSIBILITY AS FINANCIAL ADVISORS

I think I started learning lessons about being a good person long before I ever knew what basketball was. And that begins in the home, and it starts with the parental influence.

Julius Erving

POWER TRUTH

Train children in the right way,
    and when old, they will not stray.

Proverbs 22:6 NRSV

Parental responsibility regarding financial advice is important—to become the first financial advisors regardless of their economic status. When a child learns well from their parents, the chances are that their future money decisions can be healthy. Some disorders are avoidable if parents take the initiative to allow their children to see through their financial decisions, whether good or bad.

What are some money lessons you wished your parents taught you?

What are some money behaviors you regret learning from your childhood? How can you correct the course of your child’s future when it comes to this issue?

How is your relationship with your parents affecting your relationship with money?

What can you do to improve both your relationship with your parents and your relationship with your finances?

COMMITMENT

Knowing that you are responsible to your children in how you interact with money, what is the next thing you can do?

Understanding that your childhood brought about unproductive money behaviors, what is one thing you committed to doing this week?

Knowing that you may have an unfounded fear of losing money, how does it change your perception of the future?

PRAYER

Dear Lord,

Thank you for letting me know about the power of parental influence in our lives. I receive the will and the desire to break free from negative consequences and inherited habits.

In Jesus’ Name, Amen!

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PARENTAL RESPONSIBILITY AS FINANCIAL ADVISORS