Spring break: How to prioritize family fun and financial stability with planning
· The Province
Q: My husband and I have three kids who are eight, 11, and 15, and after a long winter, everyone is eager for a change of scenery. A few of our friends are heading somewhere warm, and our oldest keeps reminding us that “everyone” is travelling. We could also take a trip if we put it on our line of credit or credit cards. We’d be able to manage the payments, but it would take months to pay off and would mean slowing down education savings contributions. Our kids don’t see anything wrong with that, and that is honestly troubling because we try to teach them to save before they spend. We don’t want to normalize carrying a balance just because we have credit available. We’ve worked hard to pay down our debt, and we worry that relying on minimum payments, even for something meaningful like family time, could set a precedent that’s harder to unwind if our financial circumstances change. Any advice to help us decide if we should stay or go? ~Marian Read More
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