tag:blogger.com,1999:blog-7336449467823749252.post5792810503088350790..comments2020-12-09T18:23:07.294-08:00Comments on Barbara Frank: An Impromptu LessonBarbara Frankhttp://www.blogger.com/profile/10807130054711051887noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7336449467823749252.post-35543399521759565502007-08-04T21:40:00.000-07:002007-08-04T21:40:00.000-07:00Excellent post, Barbara! It is SO important to lea...Excellent post, Barbara! It is SO important to learn such lessons; the earlier, the better. Sadly, that's how so many get sucked further into the vortex of debt.Dianne - Bunny Trailshttps://www.blogger.com/profile/04604043807160470553noreply@blogger.comtag:blogger.com,1999:blog-7336449467823749252.post-16511853257745108772007-08-04T20:55:00.000-07:002007-08-04T20:55:00.000-07:00Janet, I don't think you can ever start teaching y...Janet, I don't think you can ever start teaching your kids about money too early.<BR/><BR/>Heather, you have to wonder how many people don't read what they sign.<BR/><BR/>Sebastian, that's awful! How do those people at your college sleep at night, misleading students who are already going broke paying for tuition and books?<BR/><BR/>Mckinney, you're right. I'm afraid we're going to suffer the after-effects of people neglecting to look beyond the "easy monthly payment" of the mortgage they got in 2005 or 2006.<BR/><BR/>Eleanor, you're right about not trusting banks, and this one is my local bank, not some far off institution!<BR/><BR/>Thanks, all, for posting!Barbara Frankhttps://www.blogger.com/profile/10807130054711051887noreply@blogger.comtag:blogger.com,1999:blog-7336449467823749252.post-76088331732980605212007-08-04T19:59:00.000-07:002007-08-04T19:59:00.000-07:00Oy...haven't gotten that. They are still trying t...Oy...haven't gotten that. They are still trying to get me to take a loan against the house to finance my vacation. Uh, yeah. Great idea. Who needs a house when Tahiti is calling?Hanley Familyhttps://www.blogger.com/profile/07363108115499781703noreply@blogger.comtag:blogger.com,1999:blog-7336449467823749252.post-24277639825968584492007-08-02T14:04:00.000-07:002007-08-02T14:04:00.000-07:00File this one under "if it sounds too good to be t...File this one under "if it sounds too good to be true, it probably is." Alternatively, "don't trust the banks." <BR/><BR/>I can't believe those "balloon payments"; for that I could buy a balloon and fly away in it!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7336449467823749252.post-48866154095950276112007-08-01T14:03:00.000-07:002007-08-01T14:03:00.000-07:00That's a brilliant lesson. Too bad so many adults...That's a brilliant lesson. Too bad so many adults out there haven't learnt that particular one. (I'm an appraiser, so I see this sort of thing every day.) It's frightening what people get themselves into by only looking at that "easy monthly payment."Anonymoushttps://www.blogger.com/profile/08888219146366314637noreply@blogger.comtag:blogger.com,1999:blog-7336449467823749252.post-67861471178364810472007-07-31T11:16:00.000-07:002007-07-31T11:16:00.000-07:00Great job. My college organized "career starter l...Great job. My college organized "career starter loans" in spring of junior year. The students refered to them more as "car loans." The great deal was that you didn't have to start payments on the loan until you'd graduated (and were therefore employed). What I never managed to realize was that interest was building up every single month of that deferment. I was shocked when I realized what I'd let happen and how much I could have saved by just paying $50 per month on the principal over those months.<BR/>There really are lots of great teaching moments around like this. We had a great one last fall when we took the time to read the whole page of fine print for one of the big games at McDonalds. What are the real chances of winning the million dollar instant prize? That's a big number.Sebastianhttps://www.blogger.com/profile/04009107720601931341noreply@blogger.comtag:blogger.com,1999:blog-7336449467823749252.post-73298999564906796022007-07-31T07:47:00.000-07:002007-07-31T07:47:00.000-07:00Great post. Scary that people might sign up for th...Great post. Scary that people might sign up for the loan and not notice the balloon payment!<BR/>~HeatherHeather in WIhttps://www.blogger.com/profile/06321777672010219081noreply@blogger.comtag:blogger.com,1999:blog-7336449467823749252.post-2502998147423202232007-07-23T14:31:00.000-07:002007-07-23T14:31:00.000-07:00Oh, that just makes my head spin! I have such a ha...Oh, that just makes my head spin! I have such a hard time with that stuff. That's why I LOVE my budget. I have one, I stick to it. My husband does the rest. I KNOW I should learn it, but my mind is just not set up for MATH! I'm SO happy to hear that you are teaching your daughter those things. I think finances are practical aspects often neglected. Our home school group offers a finance course to teens, which I will DEFINITELY be doing when my kids get older!Middle-Aged Moihttps://www.blogger.com/profile/05687022843803093290noreply@blogger.com