View Single Post
  #2 (permalink)  
Old 11-21-2004, 08:33 PM
terry1156 terry1156 is offline
$ Saving College Junior
 
Join Date: Apr 2004
Posts: 1,106
Points: 26741.50
Donate
Default Re: Would You Use Kids' Money to Pay Debt?

First, you are doing great thinking ahead for your kids. They will appreciate you thinking ahead for them.

Why don't you make a compromise with the money. Use it to pay off the credit cards and then pay the amount you were paying toeard the credit card into their accounts. The result would be that you are paying the credit card interest to your kids instead of the credit card company.
Reply With Quote