tag:blogger.com,1999:blog-37147734.post1089654767132577441..comments2024-02-05T03:19:36.585-05:00Comments on Living Almost Large: Root of Debt in America?Living Almost Largehttp://www.blogger.com/profile/06594523259748625997noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-37147734.post-83905686337824384152008-03-11T10:03:00.000-04:002008-03-11T10:03:00.000-04:00I have to agree with anonymous - debit cards and c...I have to agree with anonymous - debit cards and checking accounts are just another way to manage cash flow - it still doesn't change the concept of spending within your means or saving for a rainy day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37147734.post-72902373547007860092008-03-10T19:46:00.000-04:002008-03-10T19:46:00.000-04:00I don't understand what's wrong with the kids usin...I don't understand what's wrong with the kids using cash. Don't we want to discourage people of all ages buying things on credit? It seems to me these kids did well by saving up enough money to afford what they wanted.<BR/><BR/>Barb1954Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37147734.post-11661292143204836132008-03-10T15:07:00.000-04:002008-03-10T15:07:00.000-04:00My parents taught me stuff about money at an early...My parents taught me stuff about money at an early age and I had a savings account for a long time. Later into high school I got a checking account and an ATM card (just for cash, check card wouldn't exist until later). Being a math person I made sure to keep my checkbook register right in line with my account. When I started to establish credit though, more wonderful advice from my parents (sarcasm), I was losing track of a system I was good at. College didn't help because I couldn't pay off the balance on my credit card anymore due to lack of actual money. That's where the mentality of paying it off later when I get a job came in.<BR/><BR/>Learning about money, checking accounts, savings, budgets, and debt at a young age would be a positive thing. I know Dave Ramsey is offering a new program for teenagers called Generation Change so they understand the freedom of debt free at an early age. It will take time for younger generations to grow up and become the consumers of tomorrow. Hopefully the major difference is they won't finance everything because they'll have money to buy stuff.Jim ~ mydebtblog.comhttps://www.blogger.com/profile/12831157334066115572noreply@blogger.comtag:blogger.com,1999:blog-37147734.post-68011829012947126562008-03-10T14:21:00.000-04:002008-03-10T14:21:00.000-04:00I definitely agree... we force it on the parents t...I definitely agree... we force it on the parents to teach finance to our kids. That's a good idea in theory -- except that the parents can't manage their own money. <BR/><BR/>I've thought about tutoring in this area, but I don't think parents would pay for it...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37147734.post-63506793201702319412008-03-10T12:06:00.000-04:002008-03-10T12:06:00.000-04:00I agree that we need to start teaching out kids wa...I agree that we need to start teaching out kids way earlier about how money works. I know I wasn't taught one thing about money as a kid, I had to learn it all by trial and error.Anonymousnoreply@blogger.com