Quote Originally Posted by Cocoon View Post
Momof4, I was debt free until I've got married We(well my husband) have a house so if we sell that one we will be debt free with no house. But we can start saving and can buy another one. I was and am always good with money.
Me too Cocoon! Both DH and I were debt free, and we choose to be debt free (minus the mortgage on the house) for the rest of our lives. We both came from 'old school' parenting. If you need it, but it; if you want it, you don't buy it!

We do have Credit cards, but pay them off right away. I prefer to have cash on-hand when I do groceries. DH and I make a list each month of items that need to be done in and around our home, and then items that are on our wish list (these might not get done, it all depends on how much is in the bank).

We have set up trust funds for my 4 nephews, so they no longer get 'gifts' from us for Christmas and birthdays, but once they turn 18, and go off to post-secondary school, they will get their trust funds.

As Cocoon stated:
managing money starts from home and when young.
and
We have to be very carefull with our finances and should not mix with what we need and what we can afford.