Sooooo I'm debt free but....

Jagraf

fusionx212 wrote: »

you know what it is, money is quite secretive. you never really disclose how much you earn or pay out to people so the fact is as soon as you reach a mile stone and a big milestone of going debt free. you want to tell everyone but then everyone gives you that judgemental oh you're stupid for getting into trouble in the first place look. Pah.. i say Have a victory dance yes your folks helped you but if it was my kids,

I'd do everything I can to sort them out on the straight. I can guarantee you the discussions about borrowing and debt will be had with them.

I am going to sit down with them and show them how to pay council taxes rent mortgages. this is what i did not have, no pointing fingers at my parents but they were are still are terrible with money.

This definitely rubbed off on me and sometimes I'm like oh I can put that bill off or delay it.. but then I think about how stupid that is, it's a shame my wife is so poor with money also. I earn the most in our household I've got my budget sheet now and although sounds extreme we look at what we have in the budget and follow it religiously.

We do this all the time with our 17 year old! We sit get down, talk about debt, interest, pensions, tax etc.

andyfromotley

Hi Muhren,

good for you. I have always enjoyed your contributions to this forum. A little something for your parents may be in order. However i feel it is much more important to let them know that you are grateful AND that you will repay their generosity by living a financially stable life going forward. This i suspect would be the greatest gift you could give them.

I think your own sense of acheivement may kick in when you start accumulating some decent savings?

Muhren

Thanks Andy.


I'm thinking that once I can move back into my house in September that might be the tangible thing that makes all the hard work worth it.