4 Amazingly Easy Steps To Get Out Of Debt

If you as a parent are out of debt by the day your kid starts college, you’ll have more cash on hand to help with college bills. If you start the process of getting out of debt years before your kid starts college, you’ll have more cash on hand to save for college.

Either way, you’ll dramatically increase the chances that your child will graduate from college and begin adult life debt-free.

Today I’m featuring four amazingly easy steps to get out of debt, from best-selling author Dave Ramsey. These steps to get out of debt are so easy, you can fit them on a post-it note.

get out of debt

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You’re 20? Here’s the Career Advice Nobody’s Telling You

Today I’m featuring a must-read article by Forbes contributor Jason Nazar on career advice for 20-year-olds. If you’re parenting a child age 16 – 29, read this article and pick one or two topics to discuss with your child this week.

And if your child is age 18 – 29? Share this article with him or her now. Don’t wait.

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Best Holiday Gift Ever For Students Age 17-29

This Meg Jay Book is Changing Lives

If you’re looking for a holiday gift for a 17 – 29 year old, here’s the one I most want people in this age range to receive.

It’s the book The Defining Decade: Why Your Twenties Matter–And How to Make the Most of Them Now by Meg Jay.

definingdecade

Sure, a lot of 20 somethings read this book after graduating from college. But I say: Why wait? If your kid’s a high school senior, order this book right now and give your son or daughter a huge head start on building a happy, fulfilled life.

Believe me — this book can be a game changer for any student in their late teens or 20s.

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7 Criteria To Decide: Should Your Healthy 20-Something Kids Live With You?

So, your 20-something daughter wants to live at home in her childhood bedroom. Should you happily say yes and make a plate of warm cookies to welcome her back?

Or could this put you (and your child) in a bad spot?

I’ve written in a previous post about the horror of loving mothers and fathers who sacrifice for years only to find themselves in their 50’s, stressed and anxious over unkempt twenty-something children still living in their childhood bedrooms. Many of these parents despair over dependent 20-somethings sleeping in past noon, lounging afternoons away on parents’ couches, helping themselves to food from their parents’ refrigerators, and then staying up long hours into each night gazing into the flickering blue screens of online video games. 

You know that there are hundreds of thousands of parents living this nightmare every day, right?

What can you do to avoid becoming that parent?

1. Is your child enrolled in (and making successful progress through) a full-time academic program?

When your child is in elementary and middle school — or as soon as possible after that — start telling your children this important sentence: “Honey, we will be happy to provide free room and board to you after your high school graduation, as long as you’re enrolled in (and making successful progress through) a full-time academic or job-training program.”

2. If your child is still in high school, clearly lay out the plan for the summer after high school graduation.

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Drowning in Student Loan Debt? Here are 5 Legitimate Ways Out

Part 3 of a 3-Part Series

This article is part 3 of a 3-part series on what students can do if they’ve left college with student loan debt. You can find the first two (very important) articles in this series here and here.

Every year, frightening numbers of students finish college with $30,000 – $90,000 in student loan debt – and then find themselves completely unable to find employment that pays enough to cover their student loan payments.

Many of these 20somethings work as nannies, restaurant servers, and cashiers, jobs that barely pay enough to cover rent and groceries.

What can be done about this? Simply not paying on student loan debt is not an option. (You can read about the scary consequences of student loan debt default here.)

If you’re a former college student and you find yourself in this position, here are 5 strategies that will help.

student loan debt

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“Let’s Talk Now About What Life Will Look Like When You Come Home on College Breaks.”

What Every Parent Needs To Cheerfully Tell College-Bound Kids In the Month Before Classes Start

As a parent, you’d like to make your kid’s future college breaks as warm and memorable as possible. But will you be able to do that if your newly-flown offspring comes home snarly and inconsiderate?

assistedlift

What if your newly minted college student decides to stay out until all hours on the night before Thanksgiving, and you toss and turn and lose sleep until 3:00 a.m. because you’re worried there’s been a car accident?

What if your child brings home overnight guests without asking — as though your house is his own?

What if your new “adult” college student decides to spend the entire break watching TV and playing video games — while you take care of all the grocery shopping, meal prep, cleaning, and yard work that keeps your household running smoothly?

Will this make for a warm, memorable college break for you, Mom?

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One Sentence That’ll Keep Your Kids From Living At Home in Their 20s

Parents, I know you’ve heard the horror stories.

Messy Computer Room

photo credit: 232 via photopin (license)

You’ve heard of loving mothers and fathers who sacrifice for years only to find themselves in their 50s, stressed and anxious over unkempt twenty-something children still living in their childhood bedrooms, sleeping in past noon, lounging afternoons away on parents’ couches, helping themselves to food from their parents’ refrigerators, and then staying up long hours into each night gazing into the flickering blue screens of online video games? 

You know that there are hundreds of thousands of parents living this nightmare every day, right?

What are you going to do to avoid becoming that parent?

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