Proverbs 22:4 By humility and the fear of the Lord are riches, and honour, and life. 5 Thorns and snares are in the way of the froward: he that doth keep his soul shall be far from them. 6 Train up a child in the way he should go: and when he is old, he will not depart from it.
[The Adventist Home pp. 386>387] Parents are to bring up and educate and train their children in habits of self-control and self-denial. They are ever to keep before them their obligation to obey the word of God and to live for the purpose of serving Jesus. They are to educate their children that there is need of living in accordance with simple habits in their daily life, and to avoid expensive dress, expensive diet, expensive houses, and expensive furniture. When very young, children should be educated to read, to write, to understand figures, to keep their own accounts. They may go forward, advancing step by step in this knowledge. But before everything else, they should be taught that the fear of the Lord is the beginning of wisdom.
Through erroneous ideas regarding the use of money the youth are exposed to many dangers. They are not to be carried along and supplied with money as if there were an inexhaustible supply from which they could draw to gratify every supposed need. Money is to be regarded as a gift entrusted to us of God to do His work, to build up His kingdom, and the youth should learn to restrict their desires. Do not make your wants many, especially if the income for home expenses is limited. Bring your wants within your parents’ means. The Lord will recognize and commend your unselfish efforts.... Be faithful in that which is least. You will then be in no danger of neglecting greater responsibilities. God's word declares, “He that is faithful in that which is least is faithful also in much.”
Money which comes to the young with but little effort on their part will not be valued. Some have to obtain money by hard work and privation, but how much safer are those youth who know just where their spending money comes from, who know what their clothing and food costs, and what it takes to purchase a home! There are many ways in which children can earn money themselves and can act their part in bringing thank offerings to Jesus, who gave His own life for them.... They should be taught that the money which they earn is not theirs to spend as their inexperienced minds may choose, but to use judiciously and to give to missionary purposes. They should not be satisfied to take money from their father or mother and put it into the treasury as an offering, when it is not theirs. They should say to themselves, “Shall I give of that which costs me nothing?”
There is such a thing as giving unwise help to our children. Those who work their way through college appreciate their advantages more than those who are provided with them at someone else's expense, for they know their cost. We must not carry our children until they become helpless burdens. Parents mistake their duty when they freely hand out money to any youth who has physical strength to enter on a course of study to become a minister or a physician before he has had an experience in useful, taxing labor.
Ephesians 6:1 Children, obey your parents in the Lord: for this is right. 2 Honor thy father and mother; which is the first commandment with promise; 3 That it may be well with thee, and thou mayest live long on the earth. 4 And, ye fathers, provoke not your children to wrath: but bring them up in the nurture and admonition of the Lord.
May The Lord add His blessing to the study and practice of His every word. God bless!