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• The ruminations of a former shoplifter

  Posted Jul 07 2008, 08:08 PM by Karen Datko
  Filed under: Spending, Credit, Family, Karen Datko
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  Mike the Clever Dude has amazed us more than a few times. He's the guy who wrote about making a month's worth of peanut butter and jelly sandwiches in 25 minutes -- with photo illustrations, no less. Another time, he confessed to buying a house with an interest-only mortgage and no money down. He's also railed against "those stupid disposable toilet brushes" as the epitome of waste.

  So what could he possibly say that would throw us for a loop? "In my teens, I wanted stuff so much, I resorted to stealing," he writes in a post called "Wanting too much." Read More...

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• Don't call her 'Mom,' call her 'Visa'

  Posted Jul 01 2008, 05:00 AM by Karen Datko
  Filed under: Debt, Credit, Family, Karen Datko
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  Blogger Rosalind Mays gave her kids credit cards. What? Is she nuts? They're only in sixth grade or thereabouts.

  Explaining one of the more interesting methods we've encountered for teaching kids about money, she writes in a post at Real Life Debt: "But the catch was (cause there is always a catch), I became Visa. I've always wanted to be a banking giant."   Read More...

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• When your 17-year-old gets a credit card application

  Posted Feb 19 2008, 08:45 PM by Karen Datko
  Filed under: Spending, Credit, Family, Karen Datko

  Deb Holder's 17-year-old daughter received a credit card application in the mail, and it wasn't a mistake -- this despite the fact that her daughter is an unemployed high school senior. 

  The application included information on responsible spending targeted at both the teenager and the parents, who are required to co-sign. "Still, it gave me this sick feeling in my stomach. Why are they targeting my child?" Deb writes in a post at Debt-Free Mom. "The answer is quite simple: Because they can."   Read More...

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