Attitude change
Question: Cheryl has 5 kids. Her 18-year-old is used to being handed $30 for the weekend, but now he's just getting $10, if he's lucky. He's not on board with Dave's plan like his parents are. How can she explain it to him without feeling shameful of their financial failures? Dave says they have no reason to feel like failures, for these reasons.
Dave Ramsey's advice: Everyone has fallen down at some point. There are times that all of us, as parents, don't do things that set perfect examples for our kids because we're imperfect. But don't be ashamed as parents because you've fed him, he's got clothing and shelter ... that's pretty much all you're obligated to do. The idea that you are supposed to give these kids a new Beamer is ridiculous.
Say to him that you haven't done a good job at teaching him how to handle money, but I don't give up my right to be a parent. I'll show you how to budget and save money, but he's 18 and doesn't need to be sitting on his butt. He needs to be making money. Show him the business end of a lawn mower or something like that.
