Strengthen Your Family Through Biblical Homeschooling

Tag: teaching finances

To build kids’ money-handling habits — better Start Young.

Every parent who has passed the toddler-wrangling stage knows that kids learn by watching, and then doing—why else would we buy a lock for a toilet seat? So, when it comes to practical life skills, we’re always looking for safe ways to give our kids some hands-on experience.

For example, to raise a talented baseball player, we start young by instilling basic skills through a game like T-ball (cue parent, lurching backward to avoid getting kneecapped by a miniature bat). In the same way, to develop our kids into financially savvy adults, we also start young, teaching them basic stewardship skills like saving and responsible spending.

Or at least we try.


It’s time to send the pig packing.

In the past, we’ve all used similar financial tactics:  encourage our kids to stuff a piggy bank with cash until there’s some unexpected need to emaciate the poor porker, and then we start the process all over again. Or, if you’re one of those organized parents, you may have three separate pigs for spending, saving and giving.

While those are useful (and possibly Pinterest-worthy) tools, let’s take this kid-focused financial training one step further by introducing some real banking tools made just for kids.


It’s amazing what happens when you Start Young.

NewStart Young Savings and Spending Accounts give kids hands-on experience in handling money, with you by their side. Developed by Evangelical Christian Credit Union (ECCU) with 50+ years of banking experience behind them, Start Young Accounts help you and your children work together—discovering the rewards of saving and spending responsibly, while using practical money skills based on biblical values. 

For kids 7-days to 17-years old, Start Young Accounts offer age-appropriate digital banking tools, but with safeguards, limits, and options and that you control. And it costs you nothing—no monthly maintenance fees, no minimum balances.

Each account also comes with its own Start Young Visa® Debit Card—allowing you to teach your children the basics of using money in a digital world, safely and at your own pace. Again, no maintenance or overdraft fees.

The card can help you teach your kids to make their own responsible purchases online or in a store; all while you control the spending limits and digitally monitor their account from anywhere. Just imagine helping your teens build healthy spending habits years before they get tempted with those first credit card offers.

 Learn more about the Start Young Visa® Debit Card


Start Young, finish strong.

It’s never too early to understand money, so Start Young Accounts offer your kids grown-up banking features that grow with them. It’s the best way to help your child discover the rewards of saving and spending responsibly—together!

Click here to learn how your kids can Start Young!

Who is ECCU? Since 1964, ECCU has provided excellent banking products and services to members located all over the world. But that’s what you might expect from any credit union. It’s what’s going on behind the scenes that really sets us apart. Click here to learn more about how ECCU helps you

Put Your Money Where Your Heart Is.



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teen boy with empty pockets

4 Money Mistakes Teens Make

Imagine if all your income was disposable, and you had very few responsibilities. It would be a real challenge to develop the disciplines required for long-term financial health. This is where a lot of teens start when they’re introduced to money.

As parents, it’s our job to instill a healthy attitude about money while equipping our kids with skills to manage their finances. Our teens are going to make some mistakes. But if we’re paying attention, we can help them make mid-course corrections and keep them on track.

Let’s look at four mistakes teens make when managing their finances.

  1. Spending too much on special events  

When it comes to events like concerts or sporting events, kids feel a social pressure similar to adults. Parents can help teens negotiate their spending on these events, showing them how to get deals and create a special evening that’s within their means.

It’s also an excellent opportunity to talk to them about financial peer pressure. There will always be a temptation to make financial decisions in an attempt to impress friends and families. The earlier we can help them recognize this tendency, the better.

  1. Not putting money into savings

Some kids are natural savers, but all kids need to learn to put money away. Unfortunately, a lot of kids will spend it as fast as it comes in.

Teens practice spending habits that they’ll carry into adulthood—so if they don’t learn to put money away when they’re young, they may struggle to make a habit out of it when they’re older.

Need a youth savings account that you can monitor together? Check out this option.

  1. Delaying understanding credit

Parents aren’t typically thinking about their teen’s credit, which could eventually be a bit of a problem. Believe it or not, in a few years when they actually need good credit to rent an apartment or buy a car, they may not have it yet. At minimum, teach them how credit works.

But before going out and opening a credit card in your teen’s name, try a safer approach with a debit card. This will give them practice using a card responsibly, a skill they can use later to build their credit. And with the right debit card, you can also control the spending limits and monitor spending habits.

Looking for a teen debit card that you can control? Here’s a good one.

  1. Carrying cash

Carrying cash can make it easy to spend, lose, or loan money—and after it’s gone, there’s no real record of where it went. We live in an age when everything from music to banking is digital, and our teens needs to be prepared. They should know how to monitor their account from an app, make mobile person-to-person payments, use a debit card, and digitally deposit checks. That way, the cashless world won’t be a big puzzle to them later.


Start Young Savings and Spending Accounts from Evangelical Christian Credit Union  help prepare your teen (and even younger children) for the world of digital banking. It’s the safe and secure way for them to learn the necessary skills required for managing their finances, and it gives you the visibility required to guide them through the process. Give your teen the tools they need to take flight today.


Looking for more great articles about teaching your children how to manage and steward their money? Check out Pizza Prepares Kids To Make Sense Of Money, To Build Kid’s Money Handling Habits, Start Young, and Common Sense Savings Skills That Aren’t So Common on the Teach Them Diligently Blog.


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It’s kind of ironic. I was really intentional about teaching our six sons how to handle money throughout their homeschool education. Then after son number six graduated, I got a job at a credit union. And wouldn’t you know, I get to work on a program that helps parents teach their kids about money.

Like so many of the important lessons we teach our kids, this one can’t be learned in a day. It takes incremental education. We introduce the key concepts of wise money management—earn, give, save, spend— when our kids are young, then reinforce them in practical ways as they get older. Here are three examples of how you can teach these concepts to your kids.


Earn:  For younger kids, you may want to introduce the big ideas about money and having a good work ethic.

I think of the lessons of these early years as foundation stones. They give our kids reference points to look back on as they grow and learn, and they give us opportunities to creatively craft learning experiences.

  • To learn about hard work, your kids can help you with small parts of bigger projects, like adding premeasured ingredients to baked goods.
  • They can also have little jobs like filling the dog’s water bowl.
  • To make the connection between work and money, I got my 3-year old son collecting glass bottles for recycling.


Give: This is an ideal time for your kids to learn how people live in less developed parts of the world.

You’re building on the foundation stone of generosity that you laid when the kids were younger. So it’s time to transition from a simple way of setting aside money for giving, like a separate jar, to opening a savings account. To make the lesson real-world, these funds might be invested in the lives of other children through an organization like Children’s Hunger Fund. Besides giving money, your kids can also volunteer in your community.


Save: This is when you build on the foundation stone of self-control that you set when the kids were younger. The long-term takeaway is to learn the value of patiently working toward something that’s more valuable than impulse purchases. This is a great time to introduce your kids to electronic banking and teach them how to manage online accounts.

  • Now, instead of watching money accumulate in a jar, they can see it grow online, including the bonus of interest income.
  • They can designate part of their savings for short-term needs like sports equipment, functions or trips.
  • They can set longer-term goals for things like electronic equipment, a car or Christmas gifts.

Although I was intentional about teaching our boys how to handle money, there are things I wish I had known or done. I definitely would have introduced them to banking basics sooner. And if there had been resources to start them young like ECCStart YoungU offers, I would have tapped into them quickly and often.

If you’re a parent looking for ideas on how to instill Godly money management behavior in your children, then check out Evangelical Christian Credit Union’s Start Young program. It’s amazing to see what happens when you start young.

Looking for more great articles about teaching your children how to manage and steward their money? Check out Pizza Prepares Kids To Make Sense Of Money, To Build Kid’s Money Handling Habits, Start Young, and Common Sense Savings Skills That Aren’t So Common on the Teach Them Diligently Blog.

About the Author:


In 28 years of marriage, Rachel Soto and her husband David have welcomed six sons into their family. Those boys gave her 15 years of homeschool experience; she taught them through high school. With the boys off to college or on their own now, she returned to work at Evangelical Christian Credit Union (ECCU). When she’s not working, she enjoys cooking, reading, coffee dates with friends and even an occasional nap.



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About David and Leslie Nunnery

Leslie Nunnery and her husband David founded Teach Them Diligently, the nation’s premier source for gospel-centered homeschool events. With seven years of homeschooling experience from preschool-high school and a passion to encourage and equip homeschool families, this mom of 4 shares her know-how and insights weekly through Teach Them Diligently media and on

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