Thursday, August 28, 2025

Credit Card Debt

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This is really, really cool.

From CNBC today:


There's nothing worse than credit card debt. Don't take that out of context.

Of our five grandchildren, one is now an independent adult. She is very, very frugal and manages her money well, but it must still be very challenging for her.

My wife and I want to ensure that our grandchildren do not get into credit card debt / trouble.

To that end, we will work with our grandchildren to pay off their entire credit card debt every six months. 

We also provide a monthly stipend for gasoline money for the two adult daughters who need dependable, personal transportation.

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