Author

Brian Brandow

Brian is a dad, husband, and an IT professional by trade. A Personal Finance Blogger since 2013 who, with his family, has successfully paid off over $100K worth of consumer debt. Now that Brian is debt free, his mission is to help his three children prepare for their financial lives and educate others to achieved financial success. He blogs at Debt Discipline.

Debt in The United States

Debt in the United States
Debt in the United States

The Problem of Debt in the United States

Let’s face it, debt in the United States is a problem. From our national debt, student loan debt, and consumer debt. Debt in the United States is a problem on all levels. Why is that?

I’m a firm believer that it starts with the lack of education on the topic. Only 17 states require high school students to take a course in personal finance. But even those states that teach financial literacy, debt is still a problem.

Maybe it the YOLO or “living my best life mentality” that leads to our obsession with overspending. Perhaps it’s the instant gratification we seek and hit the “like” button on social media every day. Or the fact that we let 17 and 18-year-olds make their biggest financial decision (college) with little guidance. Or the impact taking on student loan debt could have on them for years to come.

Maybe it’s the lead by example trap that has gotten debt in the United States out of control. We are just merely following the herd. Heck, our government is 22 trillion in the red.

Whatever the reason is for it, we need to take back control of the debt in the United States. The sooner we can start, the better. Let’s dig in on some of the debt categories and why we’ve fallen off the debt wagon.

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“Failure to Launch”: Helping Your Child Transition into Financial Adulthood

Group of friends play video games together at home, having fun.
Failure to Launch – Helping Young Adults Navigate their Future

 

Failure to Launch – What is It?

This next post was super interesting to learn more about. And little did I know — I was already in the midst of this very process. I had no idea “Failure to Launch” was more than just a movie. But I did know the trials and tribulations of navigating young adults into their independence.

I have two sons who are in their twenties, so I’m quite familiar with the push and pull of encouraging them to come into their own. The frustration when they’re not taking full responsibility for their life choices. And the fear of letting them go too soon.

Which is why I’m so glad my friend Brian wrote this post outlining the best ways to help your child transition into financial adulthood. Brian and I are both Gen X’ers, and have children at similar points in their lives. He also writes about financial wellness and paying off debt on his blog, Debt Discipline. Brian and his family have an amazing story about their journey to pay off over $100,000 of debt. So be sure to check out his family’s journey on his site.

And keep reading below, for everything you’ll need to help your kids avoid “Failure to Launch”.

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