Start children off on the way they should go, and even when they are old they will not turn from it. The rich rule over the poor, and the borrower is slave to the lender.
Proverbs 22:6-7//

I don’t think it is mere coincidence that we are told to start children in the way they should go and then immediately told to avoid debt. This is clearly an important lesson for us to teach our children, and we must also be an example to them regarding how to stay out of debt.