Helping Your Teen Handle Money

Lets talk about handling money!  For many of us it brings up many emotional reactions. Some of us grew up without much and some of us grew up never really even thinking about it…until we had to. And now you have a teenager that needs to know how to earn, spend, save, and handle their money in the right way.

We must first teach them the attitude they should have about money. I believe the greatest lesson we can teach our teenagers is taught by a man who absolutely knew what he was talking about. In Philippians, Paul very specifically tells us to be content! Philippians 4:11-12 says, “I don’t say this out of need for I have learned to be content in whatever circumstances I am. I know both how to have a little, and I know how to have a lot.” He then goes on to tell us his secret of contentment! “Whether well-fed or hungry, whether in abundance or in need, I am able to do all things through Him who strengthens me.”

That seems so simple yet so hard at the same time! If we are content, money can’t control us. If we are content, we can make wiser decisions with the money we have. But please know that contentment does not mean lazy or without drive. On the contrary! It just means you recognize the blessing of where you are and it’s all because of Christ.

Then we teach our teens that they must control their money or their money will most definitely control them. And when money controls us, it limits our decisions and even our freedoms! Whether you believe debt is right or wrong doesn’t change the fact that it is a very prevalent part of our society. We must teach our teens what debt is and how it can affect their lives. Immediate gratification is the birth place of debt for many and our teens need to know what that looks like!

The topic of money can be very arduous or can be very exciting and I am learning it has a lot to do with our attitude towards it!

Check out our Online Parenting Class for this month as we think about how we teach our teens to manage money.

https://vimeo.com/parentministry/review/111735822/9cedcd3f88

Our church believes that Dave Ramsey has developed a fantastic money management system that can be found here and we teach his high school material to our 11th and 12th graders about every other year.

On the Rite Of Passage Page of this website we also offer an experience for parents and teenagers to complete together that has the same basic goals as the ones mentioned above.  This Rite Of Passage can be found here.