- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
Understand the Importance of Teaching Your Children
As memebers of the Church adn community, we are concerned about our youth. Elder Joe J. Christensen commented:
In our day, many children grow up with distorted values because we as parents overindulge them. . . We as parents often attempt to provide children with almost everything they want thus taking away from them the blessing of anticipating, of longing for something they do not have. One of the most important things we can teach our children is to deny themselves. Instant gratification generally makes for weak people. How many truly great individuals do you know who never had to struggle? (Joe J. Christensen, “Greed, Selfishness, and Overindulgence,” Ensign, May 1999, 9)
Elder Neal A. Maxwell voiced this same concern when he said:
A few of our wonderful youth and young adults in the Church are un-stretched. They have almost a free pass. Perks are provided, including cars complete with fuel and insurance—all paid for by parents who sometimes listen in vain for a few courteous and appreciative words. What is thus taken for granted … tends to underwrite selfishness and a sense of entitlement (Neal A. Maxwell, "Sharing Insights from My Life," BYU devotional, 12 Jan. 1999).
Fred Gosman, a noted child psychologist stated:
Children who always get what they want will want as long as they live. And somewhere along the line it is important for the character development of our children to learn that “the earth still revolves around the sun” and not around them. Rather, we should train our children to ask themselves the question, how is the world a better place because they are in it? (Spoiled Rotten: American Children and How to Change Them (1992), 32, 11, and inside front cover, as quoted by Joe J. Christensen, “Greed, Selfishness, and Overindulgence,” Ensign, May 1999, 9)