As a parent, one of my foremost priorities is making sure that I raise my daughter to be more than a productive member of society: I want her to be better than me.
Now, I realize that I’m a fairly new parent, and I didn’t exactly have the greatest role models, but I’m trying. One of the things The Big Guy and I are being honest about our struggle with debt – and the consequential debt payoff struggle. Right now, she’s too young to comprehend the massive amount of debt we’re paying off, but still, we make it a point to:
- Be honest about our debt, with each other, and on the blog
- Talk freely about finances in front of her
- Not be afraid to say “That’s not in the budget” when it comes to purchasing things
Think of it like this: Some parents try and create an open atmosphere to talk about things like sex & drugs, and while we’re all for that, we’re adding finances to that list. So many people that I connect with tell me that their parents didn’t talk about money, so they had no clue when they were thrown out into the adult work.
Believe, me, I feel ya…
We all have things that we wish we could have changed about our parents, and all we can do is try and recover from those failings and teach our children better….which is why we talk about money all the time. The good, the bad, and the ugly.
And yes, we even argue about finances in front of her. We try to not get too loud, but we do argue because normal couples argue. It’s not all sunshine and roses, folks.
As she gets older we have plans to incorporate her into budgeting, paying off debt, and of course celebrating our debt payoff successes, which makes me wonder:
Is our Debt payoff struggle good for her?
As she sees us struggle to pay off debt, to stick to a budget, and as she learns what it’s like both living with debt and without debt, will she learn from it? When she has children (God help me….grandchildren…. #notforanother30years ) will she teach them the evils of living outside of their means, and leave the conversation surrounding finances in her own house open and honest someday?
Or, will she resent us for it?
Readers, help me out, please! Do you think our debt payoff struggle is good for her, or bad for her?
Leave your answers in the comments for a chance to be featured in the Answer post!
*This post may contain affiliate links