Leading by example is the best way to teach anything to someone. It not only adds value to our teaching, but much more than that, it brings credibility to all that one wants to teach.
One of the most important responsibility of a parent is, to teach their children to appreciate money, honestly earn it, properly plan for its use, and spend it wisely. Marian Wright Edelman has some very wise advise for the parents, “If you as parents cut corners, your children will too. If you lie, they will too. If you spend all your money on yourselves and tithe no portion of it for charities, colleges, churches, synagogues, and civic causes, your children won’t either. And if parents snicker at racial and gender jokes, another generation will pass on the poison adults still have not had the courage to snuff out.” Very wise words of wisdom.
I have seen so many parents pampering their children by lavishing money upon their children. This is no love at all. Unfortunately, such pampering is considered as, showering of love upon the children. It is not, and it will certainly cause damage to the child’s healthy development. It may even destroy the children, and their future. I have seen it in so many cases.
Proverbs 22:6 “6 Train up a child in the way he should go: and when he is old, he will not depart from it.” The Word of God is speaking about the RESPONSIBILITY of the parents.
May we as parents, be responsible, and make every effort to teach our children, by example, the principles of financial management, and the place of money in our lives. It is much needed today, than ever.
"Parents who spoil their children out of 'love' should realize that they are performing acts of child abuse. Although there are no laws against such abuse--no man-made laws anyway--this spiritual mistreatment may result in as much long-term personal and social damage as the worst physical abuse."