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To: Proud_Infidel who wrote (27867)	3/7/2005 11:57:14 AM
From: Tradelite	Respond to of 306849

Well, I have to admit that one major reason my kids have no unmanageable debts today is that we never let them get into debt while in college. We bought their cars, paid the insurance, etc. We were afraid of where they'd wind up if we opened the door to letting them make too many bad financial decisions on their own too early. Unfortunately, this cost their parents a bundle of cash every month (especially when the younger one upped and decided to take up golf without telling us, and we found the monthly bills carrying a mysterious charge of 40 whopping bucks per day on this new hobby. The cell phone bills were also pretty steep, so we had plenty of opportunities to jump on the younger kid about spending habits). Up until recently, he worked two jobs to cover his new financial independence and now seems to be OK. Will probably get his first rude awakening when the car we bought him needs to be replaced. The older one has hoarded money since birth, so he was seldom a problem. From what I can read, debt starts happening in college, so we controlled the credit cards and made sure they got paid on time. Hope it was the right thing to do. Time will tell.