4 Proactive Habits to Help Build Financial Confidence in Your Kids

Finally, help kids learn how to manage their money well by teaching them how to plan for savings and fun expenses, as well as giving. One good way to help kids visualize a financial plan is to encourage them whenever they receive or earn money to put one small percentage towards giving, another toward savings, and another toward spending. The Bible has verses about generosity that often recommend this method, while a commonly suggested giving amount is 10% of your income. Younger kids will more actively engage with cash or play money to visualize the values. For older kids, you can even divide a kid’s bank account into three compartments to help children visualize their income, with plenty of banking institutions offering fun, easy-to-use accounts like this under parental control.

When it comes to savings, help kids plan their goals and rejoice when they meet them. Encourage the naturally frugal child to feel okay about spending their money on fun things when the goal is reached and to consider receiving the purchased item as a gift from God.

This process is a great way to teach kids wise, godly attitudes and habits with money, while these principles about money will spill over into other attitudes about life. After all, there’s a reason why the Bible talks so much about money. There are at least 2,300 verses about generosity, money, wealth, and possessions. Jesus spoke about money in roughly 15% of His preaching and in 11 of His 39 parables. It was His most talked-about topic, with verses about generosity alone numbering in the dozens!

Often how a kid uses his money will show the attitudes of his heart. He should be trained not just in how to afford to buy things, but how to value things the way God does. This will impact everything from his wallet to his friendships, and his career to his leisure time. Money is an important factor to consider in the world around us, and with these four money management tips, you can help children feel in control and empowered with their giving and savings.

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Child Evangelism Fellowship is an international, nonprofit, Christian ministry that has been teaching the Bible to children since 1937. CEF has 400 offices in the USA and is organized in most nations of the world, with over 3,500 paid staff and hundreds of thousands of volunteers. In its last ministry year, CEF ministered to over 25 million children in its face-to-face teaching ministries.

Fred Pry is the Acting Vice President of Administration at Child Evangelism Fellowship (CEF), the most impactful child evangelism ministry in the world, reaching over 25 million children with its face-to-face ministry in 2023. Fred joined CEF in 2003 as director of a local chapter in Pennsylvania before being appointed state director of Virginia. Later, he was invited to lead USA Ministries, and since 2024 he has been serving in the role of Vice President of Administration and providing further leadership to the organization as one of CEF’s executive staff.