Information Related to "Money & Teens"
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SavingSaving—that's something we often hear about. We know that it's the right thing to do, but it's sometimes so hard not to spend the money that we have right now!
One of the fruits of God's Spirit is "self-control" (Galatians 5:23). Self-control is something we all can learn, and it's important
in
the world of our finances. It helps not only in putting money aside
in savings (having the self-control not to spend it!) but also in
keeping it invested. For example, when the stock market goes down, many people
panic and sell when values are low, thus losing money. Patience and self-control
in finance can prevent us from making
mistakes like this.
When we have money, do we get the itch to spend it right away—to rush out and instantly gratify our desires by getting something that we have had our eyes on? Being able to say "no" or "not now, but later" can help make us feel great about our choices.
We need to think about other things we will be able to do with the money in the future. One trick someone once told me was to think about all those rusty old cars. They were all shiny and new once, but now they are used up. Anything that we spend money on can seem great at first, but we need to think about how we will feel about our purchase in the future.
We can also think about what other things we may need and want in the future. My five-year-old daughter would spend all of her money on more Barbie dolls (she already has more than she knows what to do with!) or on candy (like I sadly did), but I know that she will want to have the money to spend on other things when she is older.
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