Values and goals are different for each family. And when trying to balance competing priorities of saving vs. spending, it is challenging to get it right. You may wonder how much to save per paycheck or if there’s a savings rule of thumb by age.
Read MoreLearning to manage finances in a healthy way is an essential part of adult life. Yet, many children learn little to nothing about money in school growing up. This is why it's so important that parents take the time to teach their kids valuable money habits that will stick with them throughout their lives.
When we run our home like an all-inclusive resort - where food is magically replenished and broken toys and lost cell phones are replaced - kids cannot learn to value money.
Resorts are a lovely reprieve from the real world but they are not preparation for the real world.
According to Pope Francis in 2015, “the family is the fundamental locus of the covenant between the Church and God’s creation.” As parents, it’s our responsibility to model Christian living for others. Collectively, we can solve some of the world’s biggest problems but must start within our own families.
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