Tip of the Week - Multiplying Money

Do you have a little kiddo that spends their money as soon as they get it? 

Someone who is an impulse shopper and needs to learn how to save up for bigger things?

Here is a little tip that I learned from John at LF:

Let's say your child has $4 to spend when you go into the Dollar Store. 

Tell them that however much money they come out of the store with, you will match it. 

So if they spend $3 and have $1 left, you will give them another $1 (their money has multiplied to $2). 

If they don't spend anything, they will be matched the $4 and now they will have $8! They can see their money multiply right in front of them!!!

If you do this a few times, they will hopefully catch on, and you might be broke:)

 But think of the lessons they will learn at a young age of how to manage their money, and not to be an impulse shopper.

Luke 12:42 "And the Lord said, Who then is that faithful and wise steward, whom his lord shall make ruler over his household,..."