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My Husband and I Are Trying to Get out of Debt, but the Kids Don’t ‘Get It’

Rachel Cruze

Money Management for Parents

Q: My husband and I are trying to get out of debt, but our kids don’t get it. They are constantly asking us to buy toys, games, etc., but we just can’t right now. How do we make them “get it”? 

Rachel: Keep doing what you’re doing. To learn, at a young age, that you don’t always get everything you want will be a blessing to your kids. If your kids want to be successful, mature adults who have healthy relationships, they’ll need to learn the meaning of the word “no.”

My dad, Dave Ramsey, always says children do what feels good, while adults devise a plan and follow it. We’ve all met 50-year-old “children,” right? You don’t want your kids to be one of them!

So help your kids understand that “no” is a complete sentence. Or, if they want to make a plan to save up for their toys, they have that option too. When you’re out of debt one day soon, you (and your kids) will be thankful you made this stand.

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Rachel Cruze

Growing up as Dave Ramsey's kid, Rachel Cruze learned the basic principles of money at an early age. She travels across the country teaching those same principles, in a personal and passionate message of money and hope, to teens and young adults. To find out more about Rachel, visit or follow her on Twitter at @RachelCruze.