“My daughter and son-in-law have gotten themselves pretty deep in debt. Big car loans and credit cards are most of their problem.
I told them you recommended Dave Ramsey’s course and they went through the program at their church. They have already been doing the assignments for about four months and are excited about the progress they’ve already made. They’ve completed paid off one of their cards already.
They’ve asked me to help them. Not with money, but by meeting with them once a month to review their progress – kind of like a scorekeeper. The say it will help them stay on the program for the two and one-half years they figure it will take.
Do you think this is a good idea?”
I think it’s an outstanding idea.
Ramsey’s Financial Peace University has helped thousands of people break their addiction to debt. We recommend it often to get people back on track when they’ve made some bad financial choices, but sincerely want to get back on the right track.
To be fair, Dave Ramsey and I don’t agree on all financial topics. However, I have yet to find anyone serving the needs of those in debt better than Dave Ramsey.
You would be doing your kids a great service by acting as their ‘scorekeeper’. They clearly respect you and want to share their progress with you. Most people find it helps to have someone in your life that holds you accountable when you’re trying to reach any important goal – like getting out of debt. Just as important in my mind is that they did not ask for money (a sure sign that they didn’t ‘get the message’) they asked for help and support.
You will be a blessing in their lives.
If you have questions or comments, please send them to Gene@AskMtM.com