Ok, I’m a little thrilled at the moment. I got SUPER emotional seeing this tank top for the first time yesterday. Y’all have been so incredibly kind and supported to me on this coaching journey. Especially celebrating my 4 year anniversary with Beachbody this month. I can’t thank you enough. Can I share this cool moment with you?
All of these areas are my passions that God has given to me to help others find for themselves. Strength from within and Renewal of our mind to change our hearts. Wow….
Sharing this and seeing our team logo on something other than a graphic image…well, you might say there were tears of #purejoy ( and maybe a cheer jump or two)
The Corum Crew …. is always learning and changing! Not only do I want to teach my kids about Jesus, nutrition, and being active, but, also about making wise choices about MONEY! This is one area that I personally needed to seek out experts for guidance. First, in God’s word He talks about money over 2300 times, more than Heaven and Hell, and more than love. Money is obviously a big deal to God. You may have heard others say money is the root of all evil. That is incorrect. The actual verse in 1 Timothy 6:10 is “For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.” (NIV) There’s a difference between responsibility of money and the love of money. The “love is money” >> Love in this concept comes from the Greek word “Phileo”, which means it’s the type of love that comes from your soul, a “fondness” for someone or something. When we put money over a relationship that becomes the root of evil. So diving into God’s word is the first place I would suggest we turn too.
I have found that Dave Ramsey www.daveramsey.com is a great resource for giving good advice and direction regarding money matters.
Last week, Tim and I, attended a parent connection seminar about teaching our children about MONEY. Scott and Bethany Palmer have written several books about finances. They are known as the Money Couple. www.themoneycouple.com
You can check out the Scott and Bethany Palmer BOOKS Here. You can also search your local library for copies of their books as well. (that’s FREE)
Here are a few tips that we learned from this seminar! As parents, Tim and I, have made many of these mistakes. We are not perfect and it is never too late to start sharing conversations with your children about the biblical principles of MONEY.
Why is it that we raise our children in the same home and they all learn different styles on how to spend money? Our children are born with a “money mind”. Either we accept their feelings about spending and learn how to help them with money decisions or we butt heads with them. By not allowing them to express their own ideas and thoughts will lead to poor decisions that could affect their spending future.
Have intentional conversations with your children about money! Some of my favorite times to discuss money are spur of the moment like while we are out shopping or driving in the car.
Here are some great questions we can ask our kiddos.
*Ages 5-12 What is the value of $$$? What do you think money? When you take the mystery out of money, there are no surprises.
*Ages 13-17 Why is money important? Why is having a good job important? Are your perspectives inline with your Passions?
*Age 18+ What plans do you have for your future? What is your plan for financial independence? How will you provide for your family? For our daughters: If you desire to be a stay at home mom, what does that look like for you without an additional income?
“No Stuff Stops” This is a good one! How many times do we go into a store and your children say, “I want this?” “Mom, can I have this?” “Mom, this shirt is on sale?” “Mom, look how cute these shoes are, I need these.” By setting expectations with the appropriate ages, these questions will minimize and eventually will be removed if you set an expectation with your kids that when you are out shopping that you will be making “No Stuff Stops”, which means you are only picking up exactly what is on your list and nothing else. It’s important that you stick to this guideline as well to set the example for your children. There will be times that you will be shopping and the “No Stuff Stop” rule will not apply, allowing your children the opportunity to spontaneously pick up an item they want, with limitations of course.
3 C’s of Expectations- these in our family are a MUST! Set the guidelines with these items way in advance so your children will understand your expectations before there is an issue.
*Cell Phone – our children will pay for part of the data plan, if they choose to have a smart phone.
*Cars – we will match our children’s savings with a set limit.
*College – this expectation is still in negotiation in our home! Our children know that college is expensive and there are no FREE rides.
70% of all divorces are over MONEY. That is way too high, so let’s fight for our marriages and end this trend and figure this area out.
Find a CODE WORD for you and your spouse. “I totally get you, let’s table this for now!!” (suggested CODE WORDs) Then you and your spouse can remove yourself from in front of your kids and discuss the topic without them being involved and feeling uncomfortable.
Your children shouldn’t know all about your money, good or bad. It is okay to share appropriate information during times of struggle, when money is “tight” so your children know that as family you may not be able to afford certain things. You never want to give your children an opportunity to worry about your financial issues. However, our failures with money can lead to our kids witnessing our greatest strengths, depending on how we are able to handle the situation.
By setting expectations and speaking your kids money language it will help them make smarter decisions. And sometimes, we have to allow our children to fail and help them learn from their mistakes.
Credit Cards– there are some benefits to having them. But this is one area that can get you into some serious financial crisis if they are not managed with guidance.
*Age 5-10 A fun exercise to explain the concept to small children is by using candy. Lay out 10 candy bars on the table. Tell your child they can buy the 10 bars on “credit”. Immediately take back 2 of the bars. When your child wants to know why you did this, explain that Mr. Visa charges fees and interest with his credit card. When you don’t have the cash up front to pay for something you want it will cost you more in the long run. It’s better to save up the money you need for the things you want.
*Age 12-17 Set examples for your older kids. Their minds are more prepared to understand this concept. They see how you handle credit so make sure you are making the right decisions when pulling out the card in front of them. Also, when you feel it’s appropriate for your child, open a credit card up for them and make them solely responsible for it. It’s better for you to help them manage the card while they are at home with you. If your child has not learned the concept of credit under your roof then they may make poor decisions in the future when you are not there to give guidance.
Here are the 5 that Scott and Bethany shared with us.
(Note: We list these Money Personalities regarding kids, but as adults we have the same Money Personalities)
There is not a right way or wrong way with any of these language, they are just different. God gave each of us a primary and a secondary money language.
Corum CREW — MONEY Personalities
Tim – Spender and Security Seeker
Shanna- Security Seeker and Spender
Isabella- Spender and Security Seeker
Isaiah – Risk Taker and Flyer
Illianna- Spender and Flyer
I pray that a few of these TIPS will help you as a parent in guiding your finances and making a huge impact with your children. I know I am always learning. God is constantly working on my heart and I am trying my best to improve as a WIFE and a MOM. Parenting can be very hard at times but also it can be the most rewarding gift in our lives. “For where your treasure is, your heart will also be.” Matthew 6:21. Life skills all start from the heart. Anything we do in life begins with the HEART. Seek God with our whole heart to help us transform our lives to reflect more of HIM.
Reflecting on the fact that this year, year three of a new business, I’m in the best shape ever, helping people and fulfilling my passion!
And yes, I still keep my family as my first priority. How the heck does that work? Work hard for what you LOVE. When your WHY is huge and you chase it daily, you get to enjoy it, savor it and love it to pieces. When you career and passions comes together it is a beautiful thing.
Passion results in freedom, financially, spiritually GROWTH for me and my family. How can I not share this with others.
God has done and continues to do a work in me and I KNOW His blessings are more than I can imagine. If I’m already speechless then what the heck is in store and why aren’t you chasing your WHY with me?
Seriously. I’m taking on NEW coaches in January, and a fresh start that will change your life is a great idea. I’ll be personally mentoring each new coach and working with them to establish goals and a strong WHY. Message me if you’ve been watching from the sidelines and of you, like me, were looking for “something” that would help your family and help you stay accountable with your own heath and fitness goals. Message me or shoot me an below. Only serious inquiries.
Email — Shannacorum@gmail.com
Subject— Find your TRIBE
Tim and Shanna