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Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: How we raise our children Date:  3/28/2011  3:20 PM
Author:  tyrodtaylor Number:  301563 of 312777

Student loans are a lot like mortgages... if used correctly/wisely and one goes in with a plan for the future (career), they can help you achieve something you'd never do without the loan. I think it is a good idea to get that point across to your child and don't let them enter the real world on either side of the extreme:

"I've ruined my life and become a slave to debt" vs.
"I don't want debt period, even if it means starting off at a disadvantage for my career"

find a happy median...

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