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Author: buckzimmer Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308881  
Subject: Parents' views on debt. Date: 7/25/2001 1:17 PM
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Recently I was talking to my mom about debt. I was bragging about with the help of a tax refund that I was able chop our credit card debt by more than half and looked to be CC debt free around September. She was not impressed.

Debt was something that they just didn't do. They had all the reasons to go into debt. I would guess that my dad never made more than $25K a year, yet they raised six kids (I am the youngest). He bought too much beer and cigars, and rarely could we go a year without a visit to the ER--things like that. We never took extravagant vacations (Disneyworld was actually a sales reward. That one was the best.), but we weren't sheltered.

This is why sometimes, we see conflicts on this board about parents understanding of our debt. They don't understand the pressure that there is among society to have and have right now. Or maybe they understand it too much. Actually, as I see it more, I even start to NOT understand it myself. I think that's a good thing.

This is also why I grit my teeth whenever I hear someone say that you NEED a CC for whatever reason. Turning the back the clock is the best way I can see to live debt free. If that makes me a prima-donna, then I guess that's something that I have to deal with.

Fred


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