Guidelines on Budgeting for My Children for Financial Prudence

My firstborn is already on an internship and earning an allowance. My second son is already capable to doing projects with his painting to earn a keep. These are lessons I have learnt the hard way through life, and I wish there was someone who taught me similar, when I made my first income.

10% – a tithe to the Lord (Malachi 3:10-12).

10% – an honour to the parentsĀ  (Exodus 20:12)

10% to 20% – investment: either in education, or else in business or other forms of money growth

10% – savings for an emergency

50% to 60% – what you shall live on.

My sons, my guidelines here come from lessons in my life, and comes from an Asian Christian context. Follow these guidelines and prosper.

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