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When Do You Teach Financial Responsibility?

The Lord has commanded parents:

The glory of God is intelligence, or, in other words, light and truth.  Light and truth forsake that evil one.  But I have commanded you to bring up your children in light and truth.  (D&C 93:40)

Bringing up your children in light and truth is a big responsibility.  What do you teach your children?  When do you teach them?  How do you teach them?

Following are ideas for teaching children financial responsibility.  I have divided the age groups into young children, pre-teenagers, teenagers, college and older children, and married children because different things should be taught at different ages.
From what we have said thus far, we should teach our children:

  • To deny themselves
  • To stretch for what they want
  • They will not get everything they want
  • To obey the commandments
  • To appreciate what they have.

Following are a few ideas that may be helpful as you strive to teach your children of various ages.

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