For whatever reason, some parents don’t teach their kids anything about money. Some don’t because they themselves know little about managing their finances. Others say things like, “Let them be a kid. They’ll have to worry about money for the rest of their lives.” But as those long days of parenthood fly by in what ends up feeling like not so many short years, those kids end up going off to college with little knowledge about money matters making them easy prey to credit card companies. Even though money can’t buy you happiness or love, it does make the difference in being able to put a roof over our heads and food on the table. So everybody should start educating their kids about money as soon as possible.
Now for those that have Junior already attending University of I-O-U and calling mom and dad to help pay those minimum payments, it’s wise to seek out the advice of a debt settlement attorney. This could make the difference between Junior learning a valuable financial lesson early in life or having to file bankruptcy later.