Are Your Kids Prepared to Handle Finances?

A recent survey by Wired Research, asked one thousand parents of kids ages fourteen to eighteen if they thought their children were prepared to manage their finances in adulthood. The survey found that only eight percent of the parents surveyed believe their teenagers are “extremely prepared” to handle their finances in adulthood. What’s interesting is that this is a ten percent drop from last year, when eighteen percent of the parents reported the same. This declining confidence reminds us that as Christian parents, we need to go out of our way to teach our kids biblical principles of good financial stewardship, to teach them about saving, to teach them about tithing, and to teach them to recognize and push back on the constant flow of marketing messages seducing them to spend, spend, and spend. First Timothy six ten tells us that “the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.”