A fool and his money are soon parted. – English proverb (paraphrased)
In last year’s in review post, I talked about how we didn’t make a lot of progress on our final debt (we’re not including the house debt): the student loans. Today marks a special day for us as a family. Today we begin, in earnest, our war with that debt.
We’ve made some progress in the last few years with some of our debt. In July of last year we paid off all our credit cards (again) and got rid of them completely with the help of our shredder. But those student loans have hung around for what feels like forever. This week, we talked with the girls (since the boy is too young to understand human language) about our debt and our plan to get out of it. We feel its important to talk to our kids about money so they don’t make the same mistakes we did. I hope we’re off to a good start.
In addition, we gave them a promise: when the student loans are paid off, we will take a trip to Disney World. That got their attention.
I write this now to mark a significant point in our family’s history: today is the day we begin our great war. This might be April 1, but it is no joke — we are at war.