Why does my parents are so darn cheap and why they in debt & What can I do to help to get them out of debt ?
October 19th, 2011 | by admin |Sam asked:
My Parents doesn’t have lot of money to spend of things anymore and we are in major debt crisis and what we do to get out of it and do we get more money and what do rich and wealthy people do and we need a lot great answers to help us to get more money and get out of debt that were in right now and we need to get out of it fast and quickly.
My Parents doesn’t have lot of money to spend of things anymore and we are in major debt crisis and what we do to get out of it and do we get more money and what do rich and wealthy people do and we need a lot great answers to help us to get more money and get out of debt that were in right now and we need to get out of it fast and quickly.
6 Responses to “Why does my parents are so darn cheap and why they in debt & What can I do to help to get them out of debt ?”
By Donald Chuck on Oct 20, 2011 | Reply
How old are you?
If you are an adlut, then you can go and and find a job to help your parents to out of debt.
By emily on Oct 22, 2011 | Reply
tell them to annouce bankrupcy.
By jaybee on Oct 25, 2011 | Reply
What do you mean “we” .. it’s their debt !
By Sean A on Oct 28, 2011 | Reply
Judging by your grammar I assume you are in 2nd or 3rd grade. So there’s not much you can do. Try paying attention in school and becoming an educated, productive member of society.
By Nguyen on Oct 28, 2011 | Reply
Tell your parents to get off their butts and get second jobs.
By Goonhilda on Oct 29, 2011 | Reply
Firstly, rich people manage their money. That’s what wealthy people do. That’s why they don’t often have ‘debt crises’.
Now, if you are old enough to work in your country, I would suggest getting a job. You might want to offer your parents some board money to show your appreciation.
Also, avoid asking your parents for cash for things at all cost. If you need new school uniforms, see if you can get second hand ones from the thrift or op shop.
Your parents got into this mess. It’s their problem to get out. But you can learn from their mistakes and not make the same mistakes.
Do not borrow to buy stuff that goes down in value. So don’t borrow to buy cars, or electronics, or any of that crap. Don’t have a credit card.
Save ten percent of what you earn, every week you earn money. That way, you’ll never have to resort to credit.
Only borrow to buy things that go up in value, like property. Anything else is wasting money, because you’re paying the interest on the loan, and ultimately things you use borrowed money to buy end up costing you the sale price plus the interest. It wastes money.
Read a few books on personal finance. Educate yourself. Hit the library. Bring them home and get your parents to read them. They might change the behaviours that have crippled them financially.
Your parents need to minimise their debt. They should sell things they don’t need. They should pay down debts as soon as possible, with the highest interest rate debt first. They should cut out expenses that are not necessary, like internet and pay television. No meal out. Take lunches from home instead of buying them.
You should also try to do well in school. It’ll be one less thing for your parents to worry about. Your question is not in proper sentences. It makes it hard for readers to understand. You don’t want to make people think you’re dumb because you can’t write in proper sentences, because most likely you’re not dumb. Don’t sabotage yourself.