Financial Door plus responsibilities, finances for now and the future. Are we good stewards? There is a past, present and future financial side to all of us. You may be asking, I don’t understand? Children should be instilled with good work ethics. This means chores, honesty, and values will usually(not always) manifest itself within them as adults. As an adult do we give an honest day of work, for an honest day of pay? Or do we complain and slack? Do we take paychecks and squander them on unnecessary items? As adults do we budget cautiously and think rational? If we live long enough there will be the future. A future of old age and are we planning for that by saving and being frugal?
I am a firm believer in teaching children to do chores. Responsibility for maintaining cleanliness and organization is a must while living in your home. Children should not be doing all the work either. Parents need to use good common sense. Teaching wisely and compensating according will teach our youth the basic financial core for later in life. Proverbs 20:11 Even a child is known by his doings, whether his work be pure, and whether it be right.
Everything I make mention of will reference back to the spiritual door throughout our whole blog. Our children should be taught to give tithes and offerings first, (for more info) read our Spiritual Post This grounds them as to what Christ expects of them and not just what they want.
Before they buy something, make them walk away from it. I know, I hear the gasp from here! Yes, you heard me right. They should take 30 minutes to think about the purchase or come back to that store a little later if possible. If they still want it and you as the parent feel alright with the purchase, then it’s a go. This teaches them to not buy spontaneously, to think and be certain. All these things play a part in the adult life.
Finally an Adult
Aww, the lovely adult life! What we have all waited for, not! With adult life comes more responsibility than we ever imagined. Getting up and going to work for most people is a chore. I think we all have experienced this. But once again if guided as children to look at our interest and the talents God has given us, there can be a better way to start our adult life, financially. Not everyone has the ability to pursue their passions or talents, but if we are all able-bodied and in our right mind, that is a blessing from the get-go.
A lot of you are thinking this lady ought to get a life, jump into reality chic. I have often told my children if God had not wanted you to work and plan, he would have made you disabled. To the point, you could not have functioned with physical and mental capabilities to work. Ecclesiastes 9:10 Whatsoever thy hand findeth to do, do it with thy might; for there is no work, nor device, nor knowledge, nor wisdom, in the grave, whither thou goest.
Financial Door Plus Responsibilities
We should truly seek the Lord’s counsel in pursuing any job. I learned very early on in my younger years, how necessary this was. Wanting a certain job, praying about it and then receiving the job, thinking this would make the difference. The keyword here is I thought, not seeking what God wanted, just making my request known, without what He wanted. Guess what, that job didn’t work out. Brings to mind this verse, Matthew 7:11 If ye then, being evil, know how to give good gifts unto your children, how much more shall your Father which is in heaven give good things to them that ask.
So we should be thankful that we are able to work and if it is not a job we specifically care for, then pray. The challenge is paying the bills and staying afloat. We should live within our means, we should not be reckless with our funds. The account in Luke 16: 1-8 is evident we should not neglect our debts.
I often recommend the Cash Envelope System (Amazon Affiliate Link) for pre-teens, young adults, and young married couples, it gives a good basic to early budgeting and finances. Even if your a little older and have acquired some debt, this financial door plus responsibilities will give you a better plan, a budget and a course of action. It truly is a fairly simple process to get things into order, but it will take perseverance. Lots of good information on the cash envelope system over at The Budget Mom
We Have Arrived
That’s right, just like that, we have slid right into retirement. It snuck up on us! The first two stages above need to be addressed early, or this last one is going to hurt us. The situation when we retire will be determined by what is done until this point. A lot of variables will need to be sorted through within this equation. Such as 401k, investments, social security, retirement plans, etc.
Speaking with a financial advisor as early as in your late 20’s will give you a heads up on what you will need when retirement age comes. A savings envelope should be included in your cash envelope system as well. Ecclesiastes 7:11-12 Wisdom is good with an inheritance: and by it there is profit to them that see the sun. For wisdom is a defence, and money is a defence: but the excellency of knowledge is, that wisdom giveth life to them that have it.
We should want to honor the Lord and show ourselves approved, as we walk through this financial door plus responsibilities, that we should trust in the Lord to provide through prayer and faith. 2 Timothy 2:15 Study to shew thyself approved unto God, a workman that needeth not to be ashamed, rightly dividing the word of truth.