It was that time of year again. We were going to the missionary convention at a hotel in the state of Sao Paulo. The new thing was that kids 9 and over were getting to room together. Jonathan was given two roommates around the same age: Josh and John John.
We got the boys settled in their room. They were all so excited. Then we went to our room.
The week at the convention was wonderful as always. We learned a whole lot, sat through a lot of meetings, worshiped God together, and enjoyed the camaraderie of our fellow missionaries.
At the end of the conference when we went to check out of the hotel, we found out the boys had racked up about $100 worth of expenses. Needless to say we were very surprised and called in the boys to find out what had happened. They said they would go play games in the arcade room of the hotel and would charge it to their room. They had no idea how much they were spending.
There wasn’t anything left to do but to divide the bill between the three families. So we paid for the bill and then had a heart to heart talk with Jonathan talking to him about the fact that our family lived off of a budget and that we had to plan for any expenses.
We explained that he would have to pay back every penny of what he had spent as this was an unplanned expense that he had made on his own without our permission; therefore, he was responsible for paying us back. We came up with a plan for him to pay us back over a time period from the weekly allowance that we gave him. During that time he didn’t have money for the normal things he liked to spend his money on.
It taught him the value of money and the consequences of spending what you didn’t have. It taught him that the choices you make in life have consequences. If we had covered the expense and had not made him pay us back, this valuable lesson would not have been learned.
One of the biggest lessons we taught our children was to set aside money to give, save, and spend. Having fun was a good thing but there had to a plan beforehand. Spending money without a plan can lead to serious trouble and heartache. Don’t you think?
Thanks for taking the time to read! Here’s a more recent picture of our growing family today.
Dave Ramsey: Money Lessons Kids Aren’t Taught in School
Forbes: The Art of Raising a Superstar
1. To seasoned parents: What important lessons or values did you teach your kids when they were growing up?
2. To newer parents: What important lessons or values do you want to pass onto your kids?