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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: How we raise our children Date:  3/21/2011  3:55 PM
Author:  tconi Number:  301466 of 312777

In all seriousness, the boy is a bit debt averse, and at his 3rd year in college has taken out very little in the way of student loans.

I think part of the problem that these kids today* sometimes have, is that many of them (until maybe very recently) have only seen Easy Money.
Easy Money:
Where the parents get up, get dressed and go to ONE job that pays OK, has benefits and paid days off.

My kids have seen both Easy Money (now, even though I do have 1 FT and 2 side jobs)
and Hard money - after layoffs/business closings (where I have had 2 FT and one PT job and still struggled to make ends meet)

I think first hand experience of Hard Money, growing up, makes a person a little more cautious as an adult about where to incur debts.

peace & comparisons

*get off my lawn
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