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1. Introduction and Background A bold statement for sure, but when you step back and look at the way they’re being bombarded with ads that are meant to separate them from their money, pressured by peers to conform, doted over by well-meaning parents and grandparents, who in many cases spoil them with presents rather then their presence, it appears obvious that these kids will learn too late, if ever, the true value of money. We’ve all heard how our society is caught up in materialism and commercialism and consumerism. Our economy is driven by shopping. We want the latest, the biggest and the fastest. We want it now and we go into debt to get it. It’s debt we must be leery of, not materialism or consumerism, but bad debt. Bad debt is debt that costs you money; money that leaves your pocket in the form of finance payments, late charges and increased fees. |