Earnest Parenting - Latest Comments in Life Lessons: Debt

Re: Life Lessons: Debt

peza lawyer — Sun, 03 May 2009 22:19:35 -0000

Brilliant idea of teaching a child on how to pay debts. We should give extra effort so that we can pay our debt. I remember my parents told me that if a have a debt on someone, do not let that someone to remind me the debt but be the first one to say that i am gonna pay the debt. that's all..thanks!

Re: Life Lessons: Debt

Amy LeForge — Fri, 26 Dec 2008 18:34:57 -0000

Val I find that biting the insides of my cheeks helps with the straight face thing. I can usually do it if Hubby isn't around. If he is and I make eye contact while a boy is being especially hilarious we usually both lose it at that point. I've been known to leave the room and laugh elsewhere if the situation warranted.

Re: Life Lessons: Debt

Val Garner — Wed, 24 Dec 2008 13:11:27 -0000

What a great response! He sounds like such a lively kid, the comment of not having to work on Labor Day?! How did you keep a straight face, or did you? Classic! I'll bet he keeps you hopping.

Re: Life Lessons: Debt

Amy LeForge — Sat, 20 Dec 2008 16:42:21 -0000

Lisa, thanks for the compliment! And you're right about debt being a root of the problem; it's sad that so many families are learning this the hard way in this economy.

Re: Life Lessons: Debt

Lisa Watson — Wed, 17 Dec 2008 17:35:50 -0000

Great post Amy, and that verse rings so true to even today's day and age in the sense of debt. Personally I'm a huge fan of not having any debt, unless under certain circumstances (house). Most people don't understand that a root of alot of their problems ties back to their inexperience in correctly managing money and accruing debt. Teach them at a young age Amy, that's perfect! I wish more parents instilled this type of information.

Re: Life Lessons: Debt

Rosie McCleaner — Tue, 28 Oct 2008 06:13:39 -0000

Teaching kids how to manage their money would be so beneficial to their lives, money is such a huge part of life and its never a subject brought up in education

Re: Life Lessons: Debt

Prismas Basalticos — Tue, 14 Oct 2008 11:04:41 -0000

teaching our children how to handle their money at a young age can actually give them the value of money to us.
-M from Mexico

Re: Life Lessons: Debt

Online Credit Counseling Servi — Mon, 29 Sep 2008 17:01:54 -0000

Children can only be taught about money by learning to manage a budget at a young age. I give my children $20 a week to spend on whatever they choose. If they want to buy something that costs more than that, they can find a job or do household chores. Too many parents today are reluctant to set up boundaries for their children - but spoiling their kids will only cause them to become irresponsible adults.

Re: Life Lessons: Debt

San Antonio Attorney — Fri, 19 Sep 2008 02:46:55 -0000

This is a very helpful post for a lot of parents. Kids should really be taught about how important money is. We can start by not letting them buy everything they want.

Re: Life Lessons: Debt

Credit Counseling — Fri, 12 Sep 2008 15:34:30 -0000

Growing up, I had a spoiled friend whose parents paid for everything. I was so jealous - until now. She's a college graduate who has no money know--how - she's 20 grand in debt and has no idea how to take care of her self financially.

Re: Life Lessons: Debt

Bogdan Radu — Fri, 12 Sep 2008 07:56:32 -0000

Great. I will put my kids to learn about that :)

Re: Life Lessons: Debt

Debt Management — Fri, 05 Sep 2008 11:30:27 -0000

Great story. Kids need to learn about debt management as early as possible.

Re: Life Lessons: Debt

Amy LeForge — Wed, 16 Jul 2008 13:25:38 -0000

Hi Kathlene. :) Thank you.

You're so right about never being too young. My parents had us do a little money management, but there are mistakes that Hubby and I have made that I hope the boys can learn from without having to experience for themselves.

For our next trick, we're going to hold a garage sale and have the boys sell all the toys they never play with. The deal is that they can use the profits to buy something for all 4 of them (because Hubby and I bought the toys they're selling - if it's something they purchased on their own then they can have the profits). I'm hoping they get rid of a ton and earn enough to buy a Wii game or something small.

It's been interesting discussing with them how much they actually use items that were must-haves months ago. Another step in the direction of less clutter perhaps? Time will tell.

Re: Life Lessons: Debt

Kathlene — Wed, 16 Jul 2008 11:12:04 -0000

Love your post! This is something I think many people really don't get the chance to practice and understand before becoming adults. You really are never too young to learn/teach this lesson.

Re: Life Lessons: Debt

Amy LeForge — Wed, 16 Apr 2008 12:41:00 -0000

Hi Mike! Thanks for stopping by. In the months since I wrote this post TechnoBoy has not borrowed again, although he hangs his head sadly in the store while muttering to himself about not having money. Poor kid. Perhaps this summer he'll get in the earnings swing of things.

Re: Life Lessons: Debt

Mike — Wed, 16 Apr 2008 01:38:34 -0000

Way to teach them young. We broke out the budget again recently so the could see that there isn't an endless supply of money.

Re: Life Lessons: Debt

Michelle — Fri, 31 Aug 2007 19:45:10 -0000

Oh, that's a great one!!! I love it! Tell him he can do some paid chores here, too, if he wants to pay off those cards quicker. (wink).

Hugs, Michelle
beartwinsmom.wordpress.com

Re: Life Lessons: Debt

PandaBean — Fri, 31 Aug 2007 19:27:57 -0000

ROTFL!!! This is a great story! I have been one of those people who mooch off their friends and this is something I'm still working on. Progress not Perfection!

God Bless!