Besides marriage as a critically important financial issue, the raising of your children is also financially important since raising productive, independent and resourceful children engenders greater financial success for them and less of a drain of wasted resources for the parents.
When it comes to kids, children who are deprived of their parents time and investment in their earliest years will ultimately need the mentoring time and dollars invested in later years. But those later years often entail a multi-fold investment and commitment (inability to get a job, substance abuse, adult support and upwards).
Yes, raising children is expensive and time consuming, but re-raising them after they have become young adults or full adults is a heck of a lot more expensive and heart wrenching.
Discuss your goals with your children and learn about theirs. Help them to become volunteers and show them how you give to charity. Tell the the good that your charitable giving does for you and how you also benefit financially through the process.
At FUNDING matters Inc. we often see the issues facing families who come to the cross-roads in their planning but realize that they must find ways to assist their children make it over the hurdles emotionally and financially. Illustrations via the GIFTABULATOR help families see how they can afford their lifestyles and support worthy causes.