7 Financial Principles for Kids, #7: The Bible encourages us to avoid DEBT.

UncategorizedJared Kennedy2 Comments

The Bible encourages us to avoid DEBT, because Christ has paid our debts by His love (Rom 13:8). “When you are in debt to someone, you change your relationship with them.  You no longer work for your own money, but you work for them.”  The only debt we should have as Christians is the continuing debt to love one another.  We love because He first loved us.

  • Read the story of the widow and her two sons in 2 Kings 4:1-7.  How did the sons help their mother get out of debt?
  • If your family is in debt, discuss some of the different ways everyone can work together to get out of debt.  This can be a great family project.
  • Teach your children how to say “No.”  Alcorn says, “We must model the principal of delayed gratification, and teach the value of avoiding an expenditure when the money could accomplish a higher purpose if given away or saved or used more wisely.”
  • Allow your child to hold coupons at the grocery store.  Describe how a coupon works and the wisdom of using every method available to avoid debt. Go to the store as a family and let your kids use the coupons.