Comments on: Get Your Children in Debt to Keep Them Out of It! http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/ : blogging about home business Tue, 16 Mar 2010 20:54:09 +0000 http://wordpress.org/?v=2.2.2 By: refinancing vehicle http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-5051 refinancing vehicle Wed, 27 Jan 2010 16:42:47 +0000 http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-5051 I like your site. I'm looking forward to more visits here. Thanks! I like your site. I’m looking forward to more visits here. Thanks!

]]> By: Michael J Long http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-5000 Michael J Long Thu, 24 Dec 2009 12:07:31 +0000 http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-5000 Hi, perhaps this posting might be off topic but anyhow, Having gone browsing around your web site and it seems extremely cool. It's obvious you know the subject and you seem fervent about it. I'm setting up a fresh blog and I am struggling to make it look good, as well as present the best quality information. I’ve learned much visiting this web site and also I look forward to more articles and will be coming back soon. Thanks. Hi, perhaps this posting might be off topic but anyhow, Having gone browsing around your web site and it seems extremely cool. It’s obvious you know the subject and you seem fervent about it. I’m setting up a fresh blog and I am struggling to make it look good, as well as present the best quality information. I’ve learned much visiting this web site and also I look forward to more articles and will be coming back soon. Thanks.

]]> By: A frugal mom and the ginger bread man cookies. | Wealth=Wise(Investments+Savings) http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4966 A frugal mom and the ginger bread man cookies. | Wealth=Wise(Investments+Savings) Tue, 30 Jun 2009 01:30:00 +0000 http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4966 [...] If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!I was very touched by the article written by Rob of Home Biz Blogger recently titled : Get Your Children in Debt to Keep Them Out of It! [...] […] If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!I was very touched by the article written by Rob of Home Biz Blogger recently titled : Get Your Children in Debt to Keep Them Out of It! […]

]]> By: Emily http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4658 Emily Mon, 06 Apr 2009 23:06:04 +0000 http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4658 I really liked the way they came off I really liked the way they came off

]]> By: Financing Calculator http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4464 Financing Calculator Sat, 07 Mar 2009 22:49:15 +0000 http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4464 I keep listening to the news about getting various grant applications so I have been looking around for the best site to get one. Thank you for your help! I keep listening to the news about getting various grant applications so I have been looking around for the best site to get one. Thank you for your help!

]]> By: Brian Kelsay http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4453 Brian Kelsay Thu, 05 Mar 2009 17:07:05 +0000 http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4453 You had me until you said "I have never had a credit card balance in my entire life. Each month I religiously pay off my credit card. They charge you 18%! That’s highway robbery." If you know they are sharks, don't play at their game. Live within your budget on a debit or check card. It keeps me from spending money I don't have and getting into a bind later on. I used to do what you do until a true emergency happened and then the balance started to grow. Now I have no consumer debt, no credit cards and an emergency fund savings acct. separate from checking acct. You had me until you said “I have never had a credit card balance in my entire life. Each month I religiously pay off my credit card. They charge you 18%! That’s highway robbery.”

If you know they are sharks, don’t play at their game. Live within your budget on a debit or check card. It keeps me from spending money I don’t have and getting into a bind later on. I used to do what you do until a true emergency happened and then the balance started to grow. Now I have no consumer debt, no credit cards and an emergency fund savings acct. separate from checking acct.

]]> By: Rob http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4452 Rob Thu, 05 Mar 2009 16:34:25 +0000 http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4452 Hi Dave, Understandable. I think the right age is when your child pushes you to the point of no return. When your child's wants get so unlimited that they really have no clue of a dollar. That said when I was 10 I had paper routes etc. I was a little entrepreneur. Every case is different and it's up to the parents to decide. I will say better early than late. Hi Dave,

Understandable.

I think the right age is when your child pushes you to the point of no return. When your child’s wants get so unlimited that they really have no clue of a dollar. That said when I was 10 I had paper routes etc. I was a little entrepreneur. Every case is different and it’s up to the parents to decide.

I will say better early than late.

]]> By: Dave http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4451 Dave Thu, 05 Mar 2009 16:28:59 +0000 http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4451 Hi Rob, Thanks for the quick response. Yes, I agree that this is a worthwhile exercise. I just wonder at what age is best to practice it. For you it was 10. Why not at 7, or 5? I am just concerned that some of your readers may implement this too early. That's all. Keep up the good work. Dave Hi Rob,

Thanks for the quick response. Yes, I agree that this is a worthwhile exercise. I just wonder at what age is best to practice it. For you it was 10. Why not at 7, or 5? I am just concerned that some of your readers may implement this too early. That’s all. Keep up the good work.

Dave

]]> By: Rob http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4450 Rob Thu, 05 Mar 2009 16:17:09 +0000 http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4450 Hi Dave, Thanks for your comments but I have to disagree with you. This mentality of sheltering is exactly the cause of why late teens and early adults get into debt that is HARD to rebound from. Also at that age it's possible to really rack it up. I was in debt for a few months and never since. Society needs debt slaves and there is no worse mental anguish that I can imagine other then going to work knowing your not going anywhere except working to pay interest on items you no longer need. I didn't see it as them being cruel I saw it as them being honest with me and real. This is life. If you can't pay for something you need to pay back with interest. (Dad didn't charge interest) The sooner you realize it the sooner you go through life seeing the way it really is instead of just being another sucker who gets a credit card and spend their life paying for things they can't even remember anymore. I buy things I can afford. Not things that I want. Thanks for your comment though! :D Hi Dave,

Thanks for your comments but I have to disagree with you. This mentality of sheltering is exactly the cause of why late teens and early adults get into debt that is HARD to rebound from. Also at that age it’s possible to really rack it up. I was in debt for a few months and never since.

Society needs debt slaves and there is no worse mental anguish that I can imagine other then going to work knowing your not going anywhere except working to pay interest on items you no longer need.

I didn’t see it as them being cruel I saw it as them being honest with me and real. This is life. If you can’t pay for something you need to pay back with interest. (Dad didn’t charge interest) The sooner you realize it the sooner you go through life seeing the way it really is instead of just being another sucker who gets a credit card and spend their life paying for things they can’t even remember anymore.

I buy things I can afford. Not things that I want.

Thanks for your comment though!

]]> By: Dave http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4449 Dave Thu, 05 Mar 2009 16:10:48 +0000 http://homebizblogger.com/2007/11/27/get-your-children-in-debt-to-keep-them-out-of-it/#comment-4449 While I think this is a good idea, can you imagine the emotional strain this puts on a child? Think about the mental anguish that you were put through when you had your first taste of debt's venom. From the comments so far, many were in their late teens. They rebounded because they had the fortitude granted to them by 15+ years of life experience. Imagine how crushing it would be to a 10 year old. If everyone did this, we'd have a world of very depressed adults. I suggest waiting til their early teens before applying this tactic, or you might as well charge rent to a 5 year old. While I think this is a good idea, can you imagine the emotional strain this puts on a child? Think about the mental anguish that you were put through when you had your first taste of debt’s venom. From the comments so far, many were in their late teens. They rebounded because they had the fortitude granted to them by 15+ years of life experience. Imagine how crushing it would be to a 10 year old. If everyone did this, we’d have a world of very depressed adults. I suggest waiting til their early teens before applying this tactic, or you might as well charge rent to a 5 year old.

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