I find it terribly unempowering when debt eats you alive. Going into debt is something I will teach my daughter not to do. But, really it’s hard when we suffer so as Americans from stuffitis. Our girls are marketed to in an aggressive way and one of the best ways to teach them not to be so concerned with things is to learn how to manage our own financial lives.
There is a Carnival of Debt Management that I have posted my article, I saw Satan on TV, (and He’s a Little Dork) on. I can’t vouch for the soundness of all the blogs, but hopefully you’ll find some that make you rethink debt.
Live within your means and become wealthy with The Total Money Makeover: A Proven Plan for Financial Fitness and Financial Peace Revisited. It’s a hard plan to get rid of all your debt and build a sound foundation in your financial life, but it’s a worthy one.
Really, I think Dave Ramsey should start paying me a monthly ad fee, don’t you?
Also, Suze Orman has some great stuff for women specifically. How many of us are dependent? I am and it’s a little scary, and probably more than a little stupid. I haven’t read her book Women & Money: Owning the Power to Control Your Destiny yet. She’s right that women are stupid not to have our own money, but right now I’m a stay-at-home-mom and I don’t see how I can set aside my own emergency fund as she recommends. There’s just not enough left over. But, that shouldn’t stop me from telling my daughter that having her own money and not being entirely dependent is important.