Comments on: Teach your children well http://sensetosave.com/2007/11/15/teach-your-children-well/ Sun, 20 May 2012 20:48:05 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Erin.http://sensetosave.com/2007/11/15/teach-your-children-well/comment-page-1/#comment-2044 Erin. Sat, 17 Nov 2007 03:50:00 +0000 http://sensetosave.com/2007/11/15/teach-your-children-well/#comment-2044 I think you are doing the best thing you can at your age. You get "it" at a young age and that will take you so far in life. Too many people get their first paycheck and see they can finance a new car, get a credit card and before they know it they are deep in debt.<br/><br/>I'm 29 so I'm older, but luckily my husband and I finally got it this year. We were not putting to good use the income that my husband earned, we owed $ on cars and had a credit card. We learned about Dave Ramsey and the Total Money Makeover. We will be debt-free in the spring and I can't wait! Before it always felt like we were just spinning our wheels but never getting anywhere. Now we are getting somewhere and it feels good.<br/><br/>Keep up the good work! I think you are doing the best thing you can at your age. You get “it” at a young age and that will take you so far in life. Too many people get their first paycheck and see they can finance a new car, get a credit card and before they know it they are deep in debt.

I’m 29 so I’m older, but luckily my husband and I finally got it this year. We were not putting to good use the income that my husband earned, we owed $ on cars and had a credit card. We learned about Dave Ramsey and the Total Money Makeover. We will be debt-free in the spring and I can’t wait! Before it always felt like we were just spinning our wheels but never getting anywhere. Now we are getting somewhere and it feels good.

Keep up the good work!

]]> By: Margo.http://sensetosave.com/2007/11/15/teach-your-children-well/comment-page-1/#comment-2042 Margo. Sat, 17 Nov 2007 02:41:00 +0000 http://sensetosave.com/2007/11/15/teach-your-children-well/#comment-2042 Two things my parents did for me that I really appreciate: when I was a teenager whining about pricey fads, my mom started giving me a clothing allowance. And I was responsible for ALL the clothes I needed; one year, it was a winter coat, so I had to save for several months. Taught me to shop in thrift stores and on sale.<br/><br/>The other thing was that my dad signed me up for a credit card when I was 18. He held it up in front of my face and told me if I didn't pay it off every month, he was cutting it up. It had a very low credit limit and I quickly learned that it wasn't "magic" money because I had to pay the statement at the end of the month. Two things my parents did for me that I really appreciate: when I was a teenager whining about pricey fads, my mom started giving me a clothing allowance. And I was responsible for ALL the clothes I needed; one year, it was a winter coat, so I had to save for several months. Taught me to shop in thrift stores and on sale.

The other thing was that my dad signed me up for a credit card when I was 18. He held it up in front of my face and told me if I didn’t pay it off every month, he was cutting it up. It had a very low credit limit and I quickly learned that it wasn’t “magic” money because I had to pay the statement at the end of the month.

]]> By: Rebekah.http://sensetosave.com/2007/11/15/teach-your-children-well/comment-page-1/#comment-2041 Rebekah. Fri, 16 Nov 2007 21:30:00 +0000 http://sensetosave.com/2007/11/15/teach-your-children-well/#comment-2041 Great post, Kacie. I believe you are absolutely right about the role that parents and family plays on a person's financial tendencies. My parents were always frugal and that wore off on me. My husband and I are now working on getting completely out of debt and plan to stay that way. I'm looking forward to the day when I no longer have to pay a bill other than for utilities!!! <br/><br/>Oh and you're should enjoy Dave Ramsey. His ideas and his book have been a great help and encouragement to us. Great post, Kacie. I believe you are absolutely right about the role that parents and family plays on a person’s financial tendencies. My parents were always frugal and that wore off on me. My husband and I are now working on getting completely out of debt and plan to stay that way. I’m looking forward to the day when I no longer have to pay a bill other than for utilities!!!

Oh and you’re should enjoy Dave Ramsey. His ideas and his book have been a great help and encouragement to us.

]]> By: Kyle.http://sensetosave.com/2007/11/15/teach-your-children-well/comment-page-1/#comment-2038 Kyle. Fri, 16 Nov 2007 16:54:00 +0000 http://sensetosave.com/2007/11/15/teach-your-children-well/#comment-2038 Well said! My parents taught me the right way to handle my finances but I still managed to screw it up. But I am now on the right track now. I guess I had to learn my own lessons. I wish I had your attitude when I was 22! Keep up the good work on this blog! Well said! My parents taught me the right way to handle my finances but I still managed to screw it up. But I am now on the right track now. I guess I had to learn my own lessons. I wish I had your attitude when I was 22! Keep up the good work on this blog!

]]> By: Steven.http://sensetosave.com/2007/11/15/teach-your-children-well/comment-page-1/#comment-2037 Steven. Fri, 16 Nov 2007 15:43:00 +0000 http://sensetosave.com/2007/11/15/teach-your-children-well/#comment-2037 You are so right. We're one of those old people in the book, 30's (literally in the book). If we had your mindset, when we were in our early 20's, we'd be halfway to being millionaires at the age of 33. Great post! You are so right. We’re one of those old people in the book, 30′s (literally in the book). If we had your mindset, when we were in our early 20′s, we’d be halfway to being millionaires at the age of 33. Great post!

]]> By: Joannahttp://sensetosave.com/2007/11/15/teach-your-children-well/comment-page-1/#comment-2033 Joanna Fri, 16 Nov 2007 13:29:00 +0000 http://sensetosave.com/2007/11/15/teach-your-children-well/#comment-2033 I'm with you, Kacie- If we start right, we'll end well too. We're 23, and have been careful to make the best financial decisions we can NOW, because we know that interest can either work <i>against</i> us now (with credit card debt), or <i>for</i> us in the long run (retirement accounts & savings) I know that living frugally now will also pay off in the long run because we'll know how to live below our means, and not have expensive habits to support in the future. It sounds like you guys are starting well, too! I’m with you, Kacie- If we start right, we’ll end well too. We’re 23, and have been careful to make the best financial decisions we can NOW, because we know that interest can either work against us now (with credit card debt), or for us in the long run (retirement accounts & savings) I know that living frugally now will also pay off in the long run because we’ll know how to live below our means, and not have expensive habits to support in the future. It sounds like you guys are starting well, too!

]]> By: Mrs. Micahhttp://sensetosave.com/2007/11/15/teach-your-children-well/comment-page-1/#comment-2023 Mrs. Micah Fri, 16 Nov 2007 04:58:00 +0000 http://sensetosave.com/2007/11/15/teach-your-children-well/#comment-2023 I enjoyed Money Makeover. It's good some pretty straightforward, common sense stuff, but it's put into a program so that someone can apply it.<br/><br/>I was raised well regarding debt (I married mine). I hope to raise my kids well enough that even if their soulmate is in debt, they'll be able to manage. :) I enjoyed Money Makeover. It’s good some pretty straightforward, common sense stuff, but it’s put into a program so that someone can apply it.

I was raised well regarding debt (I married mine). I hope to raise my kids well enough that even if their soulmate is in debt, they’ll be able to manage. :)

]]> By: Heather.http://sensetosave.com/2007/11/15/teach-your-children-well/comment-page-1/#comment-2031 Heather. Fri, 16 Nov 2007 03:09:00 +0000 http://sensetosave.com/2007/11/15/teach-your-children-well/#comment-2031 My 6 Year old already knows what intrest is -- because whenever the cute little girls (usually your age!!) ask me if I want to sign up for XYZ store card - I tell them "Nope I'm allergic to intrest" And do you know they still say "But you'll save 10% !! Uh - yeah and pay 17% intrest - no thanks! <br/><br/>My son asked me what I meant and explained it to him a(using M+Ms as $$ yeah, he picked up on that FAST) My 6 Year old already knows what intrest is — because whenever the cute little girls (usually your age!!) ask me if I want to sign up for XYZ store card – I tell them “Nope I’m allergic to intrest” And do you know they still say “But you’ll save 10% !! Uh – yeah and pay 17% intrest – no thanks!

My son asked me what I meant and explained it to him a(using M+Ms as $$ yeah, he picked up on that FAST)

]]> By: Amy.http://sensetosave.com/2007/11/15/teach-your-children-well/comment-page-1/#comment-2029 Amy. Fri, 16 Nov 2007 01:44:00 +0000 http://sensetosave.com/2007/11/15/teach-your-children-well/#comment-2029 VERY well said Kacie! VERY well said Kacie!

]]> By: CDMOM.http://sensetosave.com/2007/11/15/teach-your-children-well/comment-page-1/#comment-2027 CDMOM. Fri, 16 Nov 2007 01:15:00 +0000 http://sensetosave.com/2007/11/15/teach-your-children-well/#comment-2027 Kudos to you and your parents! Kacie you are very wise to be 22! Kudos to you and your parents! Kacie you are very wise to be 22!

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