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How to Raise Money Wise Kids

After sharing the Gospel, one of the most important things you can pass on to your children is how to handle money God’s way. The trouble is, a shocking percentage of parents fail to pass along strong money management skills to their kids.

Here are some money lessons your kids should know, and fortunately, it’s never too late to start to teach them.

  • Kids need to know that credit cards aren’t free money! Yes, a bill comes every month and if you don’t pay it in full, interest piles up fast. Teach by example and pay off your credit cards every month.
  • The biggest “secret” to managing money is to live on less than you make. Otherwise, you can’t save for emergencies or invest for the future. Teach your kids to save every time they receive income.
  • Giving. Jesus was right when He said, “It is more blessed to give and to receive” (Acts 20:35).  Young children naturally think they’re the center of the universe. Teaching them to generously help those less fortunate is an important life lesson.
  • Teach them to manage a bank account. It’s not rocket science. Help them set up an account and teach them how to record transactions, keep the register balanced, and reconcile the account.
  • Finally, paying back student loans isn’t fun. In the past, students could borrow their way through school, get a good job and pay back loans quickly. No more! Today jobs are harder to come by and student debts are a lot higher. Teach them to borrow as little as possible. This will help them choose a major or a minor that gives them marketable skills so they can land a job after graduation.

Remember what Proverbs 22:6 says, “Train a child in the way he should go, and when he is old he will not turn from it.” Teaching your kids to manage money God’s way is a gift that will last their whole lives and impact their children as well.

Warmly in Christ,

Howard Dayton

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Landon Dayton

Forty years ago the phone rang before dawn.  When I answered it, the caller quoted the first part of Isaiah 9:6, “For a child will be born to us, a son will be given to us.” It was our attorney with the great news that the baby we hoped to adopt had been born. Matthew Dayton had come into our family.

This weekend, Matthew and his wife received their own phone call. They had been told by the adoption agency that they could expect waiting from 8 to 18 months before a child would be available for them to adopt. But the Lord had something else in mind. Nine days after submitting the papers for adoption, their newborn son was ready for them to pick up from the hospital!

Soooo, it has been a crazy busy weekend of Continue reading Landon Dayton

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The best day of my life

 

I just experienced the best day of my life!

I met with John, my son’s boss at the Orlando Rescue Mission. John is a former attorney who practiced law for 25 years before transitioning to serve in ministry. He is a seasoned leader and has been a wonderful mentor for my son, Matt.

Matt, has served at the Mission for 13 years as the Youth Director for 60 homeless kids. Think challenging! Think chaos . . . children many of whom come from dysfunctional backgrounds!

Then think of a remarkably loving environment, and caring instruction and discipline.

For 30 minutes, John described Matt as a very, very godly person. Someone who has grown to become an outstanding leader in every respect. Someone who loves God’s word and teaches it faithfully to the kids at the Mission. Someone who has a burden for as many of the children as possible to come to know Christ as their Savior.

It was the best day of my life. The only way I can describe the feeling is this: “I have no greater joy than this, to hear of my children walking in the truth” (3 John 4). For those of us who are parents, we can experience no greater joy than learning of our children walking closely with Jesus Christ.

Let’s all pray that by God’s grace our children will walk in the truth.

Warmly in Christ,

Howard Dayton

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Teens Becoming Rich

Dear Friends,

A recent survey of young teenagers found that 56 % of them believed that they would become rich during their lifetimes. That’s not too surprising, but this is—the three ways they thought they’d become rich.

According to this survey, here are the top three ways teens thought they’d get rich:

First, by becoming a highly paid professional athlete. Second, by winning the lottery.

Third, by cashing in on a large lawsuit!

I couldn’t believe it! A majority of teens believe they will get rich by playing sports or playing the lottery or making someone pay in a lawsuit! They didn’t even consider the possibility of becoming financially well off through hard work and wise spending.

This demonstrates how important it is for parents and grandparents to train children to handle money God’s way. Proverbs 22:6 says, “Train up a child in the way he should go, even when he is old he will not depart from it.”

Well, how do we train children to wisely handle money? We need to become Continue reading Teens Becoming Rich