Saving vs. Hoarding in Children


You save for a purpose, and you hoard for security.

The difference between saving and hoarding is:

  • You save toward a particular goal.
  • You hoard when you believe that you need more and more and more, because having money is where your security lies.

Saving for an emergency is not hoarding, it is pre-planning, unless you put your security in that emergency fund.

The way we taught our children the difference between saving and hoarding was through the envelope system. Our children had a savings envelope. We taught them that it is okay to dig into their savings envelope for something that was special to them, such as a bicycle, a tennis racket, or even a piece of clothing.

What Judy and I wanted to teach our children was that you save for a purpose and you hoard for security.

“We are not cisterns made for hoarding, we are channels made for sharing.” – Billy Graham

“Charity gives itself rich; covetousness hoards itself poor.” – German Proverb

I Timothy 6:6-10 (ESV) 
“Now there is great gain in godliness with contentment, for we brought nothing into the world, and we cannot take anything out of the world. But if we have food and clothing, with these we will be content. But those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.”

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