Apr 27 2010

Teach Your Kids to Save Money

 

1. Talk openly about money with your kids. Communicate your values and experiences with money. Encourage them to ask you questions, and be prepared to answer them – even the tough ones.
2. Explain the difference between needs and wants, the value in saving and budgeting and the consequences of not doing so.
3. Set up a chore chart and give your children an allowance for completing their tasks.  Require them to save at least a small portion each week.  The three jars method, one for spending, one for saving and one for charitable contributions is a good way to impart a sense of responsibility.
4. Open up a savings account at your local bank for your children and take them with you to make deposits, so children can learn how to be hands-on in their money management
5.

Be an example of a responsible money manager by paying bills on time, being a conscious spender and an active saver. Children tend to emulate their parents' personal finance habits.

Crown Financial Ministries has some additional advice on how to teach your kid's about money - including tithing and giving money - click here to read  more.

  

 


Today is "Teach Your Children to Save Day" ... Here are a few tips from American Bankers Association Education Foundation ...

Apr 23 2010

Prayers for Matt & Sarah (Sanctus Real)

We had a chance to chat with Matt Hammit, lead singer of Sanctus Real, this week.  The week began with the anticipation of Matt and his wife Sarah going to the doctor to find out if the third child they were expecting would be a boy or girl.  They were excited to hear that they are having a boy ...  but the doctor also shared that their little boy has a condition called hypoplastic left heart.  Essentially, his heart is not developing properly. Please pray for Matt & Sarah.

If you'd like to encourage Matt and Sarah, they've set up a special email - helpourheart@gmail.com 

Apr 23 2010

Want to say thanks?

Someone who supports K-LOVE financially is going to stumble upon this blog this weekend.

So if God has done something in your life, and He has used K-LOVE, use the comment section to tell the story, and let the person who supports financially know...

It matters.

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Apr 19 2010

Why Do You Support K-LOVE?

Thank you so much for praying for K-LOVE!  Thank you so much for supporting K-LOVE with your fianances!  We don't take for granted that you choose to be a part of the ministry of K-LOVE.  So if you do, we'd love to know why?  What was that point when you made the decision to make a gift to K-LOVE?  And what is God doing in your life?

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