How Can Retired People Go On Trips If They Don’t Have A Job?
Answer: Retired people can go on vacation trips because they saved their money when they were working.
They put some in the bank and probably invested some more. And they started when they were young, like you.
In order to go on trips when you don’t have a job, you have to save up for a long time.
You have to start when you’re young. That is why saving is so important. One day, you too will want to retire.
Key verses: The Lord also instructed Moses, “This is the rule the Levites must follow: They must begin serving in the Tabernacle at the age of twenty-five, and they must retire at the age of fifty.” (Numbers 8:23-25)
Related verses: 1 Samuel 8:1; 1 Chronicles 29:26- 28
Related question: What should you do if you’re retired and you go on a trip and come back and find out the retirement plan is gone?
Note to parents: This is a good time to have a live example of the benefits of saving.
Ask your retired relatives to tell your child how they saved for retirement.
You could even illustrate this way: If you invest fifty cents every week at 8 percent interest, starting when you’re 8 years old, you would have $25,798.86 (before taxes) by the time you’re 65.
How Much Do Investments Cost?
Answer: An investment is something you buy so you can sell it later at a higher price.
Investments, like stocks, have all different prices. Some cost more than others.
Most investments cost more than children can pay.
That’s why most kids have their money in bank savings accounts, not in stocks or other investments like that.
Some people say you can get rich quickly or easily by buying their investment.
The Bible warns us to stay away from those kinds of tricks.
God’s plan is that we trust him and that we let our money grow bit by bit.
Greed causes us to listen to get-rich-quick ideas because we want more quickly.
But trying to do it this way usually results in a loss, not a gain.
Key verse: Don’t begin until you count the cost. For who would begin construction of a building without first getting estimates and then checking to see if there is enough money to pay the bills? (Luke 14:28)
Related verses: Matthew 25:14-30; Luke 12:15
Related question: What is an investment?
Note to parents: This topic is only hypothetical to kids who have no investments in the traditional sense, but it is a good way to talk about value.
An investment pays you something back. The most expensive investment is one that never pays anything.
The next time your child wants to buy something, encourage him or her to ask, “What am I getting for my money?”
Why Do Parents Sometimes Not Let Kids Buy What We Want, Even When We Have Enough Money For It?
Answer: Usually parents stop their children from buying everything they want because they love their Sometimes you want something that isn’t good for you.
Your parents know this and forbid it. When you were a baby, you may have wanted to drink drain cleaner because the bottle was colorful.
You didn’t know any better, and you thought it would be good. Your parents stopped you because they knew the drain cleaner would hurt you.
Your parents also want you to learn discipline so you can control your desires. You can’t buy everything, because if you did, you would soon run out of money.
You can buy a lot of things with your money, but that doesn’t mean you should buy all of them.
You have to make choices to buy some things and not others. Your parents are trying to help you learn these skills.
Key verse: Only a fool despises a parent’s discipline; whoever learns from correction is wise. (Proverbs 15:5)
Related verses: Proverbs 13:1; 21:17, 20; Luke 12:15; Galatians 5:22-23; Ephesians 6:1; Colossians 3:20
Related question: If I get my own money, how come, my parents, say I can’t buy certain things?
Note to parents: Strike a balance between boundaries and freedom. Let your children spend their spending money however they want to.
Let them set their own saving goals. Then establish the rule that if it’s their idea, they pay, and if it’s your idea, you pay.
This gives them enough control to buy what they want but restrains them to using their money, not yours. And it really cuts down on the “gimmes.”