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Cake day: July 29th, 2023

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  • 100%. Transitioning from making all decisions for your kids to becoming a trusted advisor is something you need to do intentionally over time. Let your kids make low impact decisions when they’re young. Offer guidance as needed, not all the time. Simple examples include what to have for a meal/snack, where to go for a play date, etc.



  • And building credit is useful to set yourself up for future purchases - a condo/house, car, whatever. The whatever here is bigger than it semese, as having a decent credit score can let you finance all kinds of things at a pretty low rate, if not 0% even today. If you’re saving any extra money in an investment/retirement account, and can pay off your 0% financing offers in full by the time you would start to owe interest, financing at 0% is a great deal even if you have the cash on hand to pay outright.













  • OP already replied, but the answer was super brief: they invest in their future. I don’t know what that looks like for them, but for us it means funding an emergency fund plus 401ks, IRAs, and college funds for our kids. Even if you’re not able to set aside a ton, the more money you can invest when you’re young the better off you’ll be thanks to the power of compounding.

    If you’re lucky enough to advance your career put the extra money into your emergency fund and/or investments - you won’t miss it.

    If you’re in debt, try to target one loan to pay off. Once you pay off that single loan keep paying that amount towards your next loan. Repeat until necessary. For example, after we paid off our car we put what used to be our old payment as extra $$ for our mortgage.