- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Introduction
- Understand the Importance of Teaching Your Children
- Understand the Principles of Teaching Financial Responsibility?
- 1. Teach by example individually
- 2. Teach by example as a couple
- 3. Pay an honest tithe and generous offerings
- 4. Teach family members early the importance of working and earning.
- 5. Teach children to make money decisions in keeping with their capacities to understand.
- 6. Teach family members to contribute to the total family welfare.
- 7. Teach family members that paying financial obligations is part of integrity and honesty development.
- When Do You Teach Financial Responsibility?
- Summary
- Assignments
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
1. Teach by example individually
President N. Eldon Tanner commented:
It is most important, therefore, that we are always on the alert, remembering that one teaches more effectively by example than by precept. Let us never forget the old axiom: “Your actions speak so loudly that I cannot hear what you say” (“Teaching Children of God,” Ensign, Oct. 1980, 2).
“Teaching by Example” should always be our starting point as we seek to teach others, and especially as we seek to teach our own children.
