The Morton children have NO clue about the value of money... but that is about to change, thanks to Aunt Kelly and Uncle Jason! They told us about Faith & Finances For Kids. We are so excited to start this with them. Basically, they get "paid" once a week. There are four banks and a percent of their income (depending on the age of the child) is broken up. See below.
The purpose of Faith & Finances for Kids is to equip current and future generations to be good stewards of God’s money so they can be free from the burden of debt and hear God say, “Well done.” (Mat the w 25:21)
While kids are living at home, they will learn the habit of setting aside 10% for Giving, 20% for Savings and 30% for Reserves BEFORE spending their last 40% for Allowance. They will also learn how to avoid DEBT and about the reality of paying taxes.
(http://www.faithandfinancesforkids.com/index.html)
I do not know who is more excited, me or the boys. Hopefully soon I will not have to hear, "but it's only a dollar". Wish us luck.
No comments:
Post a Comment