In the classic 1980s movie Back to the Future, young Marty McFly learned a lot about life and relationships during his brief stay in 1955. The main thing he learned, though, was that today always affects tomorrow.
More specifically, your actions as a parent today will show up in the lives of your kids down the road. After all, that’s what creating a legacy is all about. It’s not so much the stuff you leave behind as the foundation you’re building now—and how that foundation will support generations to come.
Two years ago, Dave Ramsey released The Legacy Journey as a way to help families think seriously about God’s plan for handling money across generations. In that study, Dave emphasized that parents should be comfortable passing their wealth to their kids—as long as the wisdom to handle that wealth responsibly gets passed down with it.
That’s where the Smart Money Smart Kids parenting study comes in.
Inspired by the #1 New York Times best-selling book of the same name by Dave and his daughter Rachel Cruze, this new study focuses on practical ways parents can raise a generation of money-smart kids. Each of the six lessons emphasizes a particular money habit—as well as a corresponding character quality—that can help kids learn to use God’s resources His ways for His glory.
The Smart Money Smart Kids study comes in a classroom version (for parents who prefer a small group experience) and an online version (for parents who prefer learning in the privacy of their own home). Both versions provide insightful teaching on important smart money habits and the kind of character qualities that reinforce those habits. The study also includes additional online resources, such as Deep Dive videos and activity suggestions that focus on specific age groups.
Topics covered in the study’s six lessons include:
• Work and Responsibility – emphasizes that money comes from work, not your parents’ back pockets
• Spending and Wisdom – reminds us that money is finite, so kids need to make wise choices when it comes to spending what they have
• Saving and Patience – focuses on the importance of delayed gratification, and contrasts genuine saving with the dangers of hoarding
• Giving and Generosity – shares how kids can avoid the traps of selfishness and entitlement by learning to give
• Debt and Integrity – reinforces some of Dave and Rachel’s key teachings on steering clear of debt—and refusing to use it as a way to look better than we actually are
• Contentment and Gratitude – wraps up the study by looking closely at what it really means to be content and how kids can practice contentment each day
The Bible makes it clear that God calls parents to be the primary spiritual mentors of their kids in every area of life. That means teaching them everything from brushing their teeth every day to knowing the difference between right and wrong. But it also includes learning the principles of biblical stewardship.
That might sound like an uncomfortable subject, especially in a culture that feeds kids a steady diet of self-centered and stuff-centered messages. But parents can stem that tide and help grow a generation of wise adults who know how to win with money.
And the Smart Money Smart Kids parenting study can help.
Ramsey Solutions is introducing a six-week class for parents called Smart Money Smart Kids, available for pre-order now. Memberships are available to individuals online or through church coordinators. The class aims to teach parents how to raise money-smart kids while instilling biblical character qualities that will help kids grow successfully into adulthood. Learn more at SmartMoneySmartKids.com.