1.  There are seven principles of financial responsibility that we discussed.  They are not the only principles, but they are important principles.  They include the following: 

• Teach by example individually
• Teach by example as a couple
• Pay an honest tithe and generous offerings
• Teach family members early the importance of working and earning
• Teach children to make money decisions in keeping with their capacities to understand
• Teach family members to contribute to the total family welfare, and
• Teach family members that paying financial obligations is part of integrity and honesty development.

2.  Things you should teach young children about personal finance relate to both gospel truths and financial truths.  From a gospel perspective, we should teach young children:

• To know who they are
• That they are children of God
• To pray and receive answers
• To love their family and friends, and
• To share with and have compassion for others.

At the same time, from a temporal framework we should teach them:

• To set and achieve goals, and
• To learn to save for things they want.

3.  Things to teach married children are perhaps the most challenging of all.  From a gospel perspective:

Teach by example.  Be a good example of a wise financial steward that has his/her priorities in order.

Things to teach children in this age group include items such as:

• Realize that retirement planning is comes first: helping children with money is second
• Minimize discussions of what children and grandchildren will inherit or receive as gifts
• Minimize gifts of cash to adult children as part of a negotiation strategy
• Stay out of your adult children’s family matters, and
• Assure your children that they will not receive any inheritance until they have established a mature, disciplined, and adult lifestyle and profession.