Saturday, July 25, 2009

GETTING DEBT-FREE

This will be my family someday! We are on a mission to be debt-free.....including the car and house! We have set backs and we have successes, but this is our plan.

Notice the sign the adults are holding.......it is something they had to work so hard to do...to pay off a house. Imagine the sacrifice that took! And now look at the sign the kids are holding (by the way, notice how old the kids are). As adults, when we get out of debt, we are changing our kids lives forever! Not only do they learn how to handle money, but they are afforded opportunities not otherwise do-able if we, as parents, are deep in debt.

Think about what you are teaching your children about money. I know parents that give their children everything, seductively teaching their kids that if they want something, they won't have to worry about earning it but rather, it will somehow just be given to them. Talk about doing unsuspecting harm to a child! Our motto in this house is, "Our kids will have everything they need, and some of what they want." And someday, hopefully, you will see a picture of us holding up a sign that says we are debt free!

8 comments:

betchai said...

it is indeed actually great to be debt free Deb, a very relaxed sleep is worth many times more than having a fancy house and car yet struggling with payments for the entire life.

wish you well on your hopes to hold that sign one day too with your family, wouldn't it be fun?

PinayWAHM said...

Wouldn't it be wonderful if that can happen to us? I admire those parents who are able to do that...and yes, they're changing their kids' future.

Hope you're having a great weekend!

J

jan celiz-magtoto said...

yay. i think being debt-free is the ultimate goal of ever person! goodluck to us!

""rare*jonRez"" said...

great monday and a good week ahead to you and the whole family sis!

~~Recel

Teen Supermodels said...

have great weekend ;)

PinayWAHM said...

Hopping by here today. Hope your week is going well.

Mommy J

Andrea said...

That's a fantastic motto!!!!

louann said...

I am so with you. One day I too would want to hold up that same sign! It's so hard though!

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