2 - Delayed Gratification Teaches Patience

Learning to Wait and Share Leads to Successful Adult Stewardship

Our kids are growing up in a "me-first" world, receiving encouragement towards selfishness from all sides. In the Part Two, Chuck talks about teaching your kids to delay gratification, which will teach them patience and sharing their own resources. 

Chuck suggested four different areas of allocation for your children's money. 
  • Giving - teach them to pay the Lord first and do good for others
  • Saving - put money aside toward a big purchase and teach them delayed gratification
  • Spending - It is important that they also have some fun with what they have earned
  • Investing - this could be anything from financing a lemonade stand to starting a college fund
Print the chart below so that you can help your kids set a concrete plan for their allocation. If you have much younger kids, the version on the left side will be easier to use. If they are a bit older, and already understand percentages, the chart on the right will be more appropriate.

Allocation Planning Chart

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How well will your children take the lead in allocating their own money? How can you help and remind them according to their age and comprehension? How can you help them with investment?
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How do the lessons of delayed gratification and giving to others practically work out in the lives of your kids? What does it look like in your own life? How are your kids learning from your model?
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In regard to spending and finances, where have you seen cultural evidence of the "me-first" generation in your kids? How do you help your kids avoid this cultural tendency toward selfishness?
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Things that seem out of reach or impossible to attain are frequently accessible if you plan wisely. If you help your kids to save for a big purchase, they will likely retain valuable lessons about delayed gratification and impulse spending, and it will cause their giving to happen more frequently than their spending, another vital lesson for the good steward.