MOMS club debt discussion
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MOMS club debt discussion
| Mon, 08-29-2005 - 6:14pm |
I'm president of one of our local MOMS clubs and we've been talking a lot lately about kids and money, lack of money, etc. I'd like to do a presentation where I talk about the approach of a couple of debt gurus and anything they say about kids and money. I've done some reading but if you could summarize or direct me towards a specific book of theirs I would appreciate it-I'm thinking
Dave Ramsey
Mary Hunt
David Bach
Suze Orman
Any thoughts or suggestions? Or if you are a devoted fan and want to spell out the steps that would be great.
Taleyna

Don't know if it will help but....
I have read Dave Ramsey's Financial Peace Revisited and David Bach's The Automatic Millionaire. I am in the middle of his Start Late and Still Finish Rich.
I watch Suze Orman every week.
I know nothing about Mary Hunt.
Each one has strengths and weaknessess. The one thing I don't like about Dave Ramsey is his approach to selling every thing that isn't nailed down and cutting out all extras until you are out of debt. However, for me that won't work. I am not given up my cable TV and I won't give up my minivan. Just not me.
I do like Bach's approach to making everything automatic. It makes it really easy to save and invest.
Suze I just turn to for general advice. She uses some of the same approaches to paying off debt as Dave Ramsey (snowflaking and snowballing) but knows a lot about investments and insurance.
You could probably use all of them since they are similar, but do offer some areas of different expertise. I don't think just one would cover all areas of finance and debt.
HTH,
Kellie
Here's what I'm thinking so see what you think.
I have a roll of blank newsprint that I use as wrapping paper. I'll make a poster type thing for each person with their steps to getting out of debt. You know Dave Ramsey's 6 babysteps. Bach has 9 steps and I think Orman has 9 as well..maybe there is a law that it must be divisible by 3 LOL
Then I'll talk a little bit about their background/philosophy and mention any specific ideas they have for kids. I'll stress that my background is radio/television and communication studies NOT financial planning and that I'm not making any particular recommendation just bringing some names to the table.
Taleyna
I thought dave ramsey actually has a book for kids and maybe mary hunt does too? Try amazon.com and type in their names and you will get probably all that they write.
Good luck!