Parents often read in the Bible in Proverbs 22:6 (ESV) “Train up a child in the way he should go; even when he is old he will not depart from it.”

But they frequently skip the next verse, Proverbs 22:7 The rich rules over the poor, and the borrower is the slave of the lender.

When you read this in context you see that God wants us, as parents, to teach our children about finances so they do not make the same mistakes we did.

Teach your children to avoid debt.