“Ice cream is their favorite dessert, but if we got ice cream for the five of us it could be $10. “One of the first things I remember talking to the kids about was the ice cream truck,” says Brandow. They stopped going out to eat immediately. He made an Excel spreadsheet and wrote down every single little expense the family had each month and cut out luxuries like the satellite radio he enjoyed on his commute to work and the kids’ subscription video game service. Then they called up the remaining company and had their credit limit dropped to $1,000. First, they cut up four of their credit cards. That book kick-started the family’s journey out of debt. It’s important to Brandow that his three children, now ages 12, 15, and 15, learn about managing money well before they need to. I came across Dave Ramsey, and since I didn’t have any cash, I went to the public library and picked up his book ‘ The Total Money Makeover.’ I read it in three days.” “There had to be some secret out there I’d been overlooking for years, some get-out-of-debt-quick scheme they forgot to tell me in college. “I hit the internet and started looking for information,” he recalls. So he set out to teach himself about money. Article contentīrandow says his parents taught him financial basics like balancing a check book, but he doesn’t remember learning about credit and debt. This advertisement has not loaded yet, but your article continues below.
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