Comments on: 7 Financial Lessons I Wish My Parents Had Taught Me Before College

By: Money advice I wish my parents taught me

Money advice I wish my parents taught me — Sun, 01 Nov 2009 21:01:33 +0000

[...] loving Debt Kid’s blog account of his recovery for debt, especially his article about what he wishes his parents had told him. Actually it’s worth checking this out for the photo [...]

By: 29 Good Reads About Kids And Money | Good Financial Cents

29 Good Reads About Kids And Money | Good Financial Cents — Fri, 13 Mar 2009 14:34:49 +0000

[...] Financial Lessons That My Parents Taught Me Before College [...]

By: Ray The Money Man

Ray The Money Man — Tue, 18 Nov 2008 08:33:53 +0000

How much did Warren Buffett borrow coming up through the ranks? I can't see where borrowing is ever good.

Great post!

By: degree4free.info

degree4free.info — Tue, 18 Nov 2008 08:28:58 +0000

One thing nobody bothered to tell me before college was how I could just go to school for free instead of taking on massive student loan debt……

By: Jake

Jake — Thu, 05 Jun 2008 20:36:58 +0000

My problem was my parents did teach me all that, I just wish I would’ve listened. Right when I turned 18 I got my first credit card and a year later I was in $10,000 credit card debt with really nothing to show for it. I don’t know why the idiots at Next Card gave me a credit card with such a high limit. But now that I think about it I did end up paying it all off so I think I was the idiot. One lesson learned the hard way. It took me 3 years to pay that down. Now I know!

By: my fico

my fico — Fri, 18 Jan 2008 23:32:04 +0000

[...] 7 Financial Lessons I Wish My Parents Had Taught Me Before College [...]

By: Shawn

Shawn — Sat, 12 Jan 2008 05:08:03 +0000

Under your ‘It’s OK to Borrow’, I think it’s important to note that borrowing at a lower rate to pay debt that is currently at a higher interest rate makes sense on the surface, it may actually create a larger problem and more debt. If the root cause of the debt isn’t corrected (living above your means, ultimately), transferring credit card debt to a secured loan frees up the credit cards again and next thing you know, the cards are maxed again AND you’ve got a loan. I’ve seen it happen several times and with increasing frequency.

By: Wil

Wil — Fri, 11 Jan 2008 22:05:07 +0000

I think these are pretty good, but I personally believe you stretched the lesson about lending into two. Similarly, I think you did the same with talking about finance and asking for help. Still, great list!

By: Aaron Stroud

Aaron Stroud — Fri, 11 Jan 2008 19:50:25 +0000

DK, I’d have to agree with Smart Girl—this list would have been very useful in your situation, but not as applicable to others. However, openly discussing financial matters with the entire family is always a good idea. Simply having money discussions in front of the kids is a lesson in itself—that talking about money is okay and that it is very important in a marriage.

Oh, and Arrested Development was a pretty funny show.

By: Jeremy

Jeremy — Fri, 11 Jan 2008 19:04:49 +0000

Haha, ok I need an address to go give that kid money for karate lessons.

On a serious note, the best thing I ever did was get professional advice. I don’t have time to learn everything there is to know.