Date of Award
Doctor of Ministry
Seventh-day Adventist Theological Seminary
Doctor of Ministry DMin
America's teenagers do not understand the basic financial principles of earning, spending, saving, and investing. Adolescents who never learn to manage their budgets and adopt healthy financial habits grow up to be adults whose spending habits surpass their income. By carrying those habits into adulthood, they will make poor financial decisions that will impact every area of their lives. As a church, providing a financial training will not only increase the financial literacy of adolescents, but it can give them direction for godly priorities and practices as a lifestyle.
A six-hour seminar on financial education and money management skills was developed and implemented for teenagers, ages 13-18. The seminar covered seven Bible based financial principles: Putting God first; using money wisely; working diligently; being careful with greed; living debt-free; delaying gratification; and living a generous life. The implementation of the seminar took place in the local church.
Twelve areas of finances were assessed through a pre- and post-survey and five areas showed an increase of more than 40%: knowledge of money (41%), budgeting skills (50%), car insurance (40%), knowledge about banking (41%), and values/tithing (44%). Three areas showed an increase of at least 14%: saving strategies (22%), smart shopping strategies (14%), and knowledge about credit (19%). Four areas showed no increase: saving for the future, investing (compounding interest), and the financial advantage of a college degree and the self-reported talk about money.
A seminar based on biblical financial principles can improve the financial knowledge of teens in order to prepare them for the financial demands of the future. The integration of spiritual financial principles produces an internalization in the teenagers that brings results in their value system.
Church work with teenagers--Seventh-day Adventists--Finance, Personal; Finance, Personal; Glendale Spanish Seventh-day Adventist Church (Glendale, Calif.)
Heras, Jaime A., "Equipping Teenagers of the Glendale Spanish Seventh-day Adventist Church to Manage Their Finances Effectively" (2014). Project Documents. 494.
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