Helping Adult Children – Part 2
Do you have adult children with financial problems?
You can help your adult children without paying their bills. A valuable exercise is to ask them to analyze their financial future. Work with them on setting a goal to give and save something every month. Ask him or her to embrace a debt payoff plan. Our website explains the snowball, avalanche, balance transfer, or a combination of these methods. Suggest a mentor relationship or a Crown Budget Coach to learn about wise planning. Oftentimes our children take instructions better from others. They’ll benefit from seasoned adults who can instruct with patience, wisdom, and Biblical advice. Your goal is to have children who find meaning and purpose in life, are grateful for what they have, and are financially free to follow the Lord.
Explain the benefits of spending and accumulating less. You gain freedom from the control of things and lenders. You have flexibility to prepare for future needs, to give, and to serve as the Lord leads. You use your time and money with intentionality while growing in contentment and gratitude. Contentment simply means being satisfied. It’s here that we exercise self-control which enables us to say no to what we want so we can have what we need in the future. Finally, suggest some verses to memorize like Hebrews 13:5: “Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.”
I invite you to join us at Crown’s 2023 Reunion where you’ll get teaching and encouragement in God’s financial principles! We plan to gather October 12-15 at Ridgecrest Conference Center near beautiful Asheville, North Carolina. For more details and registration, go to crown.org/reunion.