The Bible clearly teaches that misusing money can lead to physical, moral, and spiritual decay. This text indicates that loving money is the source of all kinds of evil, that it can cause individuals to stray from their faith and that it can bring many sorrows. The previous verse states that those who desire only to be rich fall into temptations, snares, and foolish and harmful lusts, which lead to destruction.
These are solemn warnings, and we must take note of them. We must train our children, so that they learn to keep money in proper perspective. We must teach them to tithe and give offerings as the basis for their financial security (Mal. 3:7–10). Scripture further elaborates on such practical issues as saving (Prov. 21:20), controlling debt (Prov. 22:7), and giving to the poor and needy (Prov. 22:9).
Teaching our children to become faithful stewards financially becomes the foundation for them to learn how to give their lives in love to the Lord and in ministry to the world.