I went to the bank today and a overheard a couple talking to a loan officer about taking debt consolidation packages for their financial responsibilities.
Debt is one thing I do not want to deal with.
My children know that and they see me buy purchases in cash which means we have to watch the budget tightly. I do not even have a credit card.
I believe this is one good way to teach children about money, to not spend what you do not have in your pockets and to live simply within the boundaries of what you can afford.
