Even in my outwardly "perfect" little town, things behind the doors of homes aren't really so perfect. There are houses for sale at much less than what the owners owe in every neighborhood. It's a sad scene on any newscast in America, but when those homeowners are friends, it's downright heartbreaking. More than one family we know is having a hard time getting food on the table and money to the mortgage company.
For the sake of our children, we need to clean up this mess. The sooner we can start teaching them how to manage money, the better. This quote sums it up for me:
“If we aren’t careful, our children will come down with ‘affluenza,’
a disease that causes them to confuse wants and needs. We need
to teach our children what my grandmother taught me: Think twice
about spending money you don’t have on things you don't need, to
impress people you don’t like anyway.”
— Michelle Singletary, Washington Post syndicated personal-finance columnist