Debt

Debt challenges many families, often stemming from necessary expenses rather than irresponsibility. Understanding and managing debt through clear planning, open communication, and small changes can alleviate stress and promote financial stability. Teaching children about money and seeking guidance also fosters resilience. Debt is a situation, not an identity, and can be overcome.

originally written by and posted on http://www.thepennyhoarder.com   It’s an easy problem to develop. Credit card debt, that is. You get your first card in college and it probably has a small limit, just $300 or so. You quickly max it out because, why not? Then the credit card company raises your limit. You, in turn, max it out again. …