In response to:

Mountain of Debt: What Should You Pay Off First?

AD15 Wrote: May 02, 2013 11:27 AM
By the way, Carrie is WRONG about wanting to give your child special things. Let them learn how to handle money by NOT spending money you don't have on things they really don't care about. Let them learn how to handle money. HOW? If you budget, split you clothing budget into parts and let each child have control of buying his/her own clothes. When the money is gone, they have to wait till the next pay check before buying more clothes - NO EXCEPTIONS - no matter how good the sale is. Results: Kids learn how much money is worth. Kids take better care of their clothes. By the way, by starting with the SMALLEST BILL, you will actually improve you attitude because you will see the RAPID progression against the bills. After all the
Delta Wrote: May 02, 2013 5:22 PM
I like your response. When I had a low income, it didn't hurt at all to tell my kids that we couldn't afford a new bike or whatever they wanted at the time. They grew up and took on paper routes and butcher-shop patty-making and cleanup, all of which helped pay their parochial-school tuitions. Today, they know the value of money and other assets.
AD15 Wrote: May 02, 2013 11:28 AM
small ones are gone, you can change to getting rid of the high interest ones.