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-- you look at the tapping your money mishaps well could -- -- holding you back actually all -- in your head here to explain his personal finance expert date right.
Good morning and -- tonight you're gonna be money experts slash psychologists right.
I thought that well I guess I always have been for -- years we've told folks that.
80% of handling money is behavior only about 20% is had knowledge.
Yet so but -- -- -- -- here's the first email gave up from Tennessee says that's my husband and I make 73000 dollars a year.
We have 28000 dollars in debt and our mortgage is thirteen hundred dollars a month.
Our son is also in private school and that cost 580 dollars a month.
We've been talking for years about getting out of debt haven't managed to do it yet.
Where do you recommend we starts.
Well you know what's interesting as any of us can achieve almost anything if we have a big enough reason.
And the problem with a situation is they're -- -- -- wrap up wheeled her to run run run go go go and they're getting nowhere that got no traction.
So you've got to get on the dreaded B word the budget and -- it all out but you gotta have a real reason to do that.
But the problem as sometimes that -- OK is the enemy of the best.
And so this is simple overspending.
-- -- -- that's -- money mistake all in their -- here's Aaron in Texas let's see what -- issue is.
My 21 year old daughter is a single mom she owes me 2300 dollars and I wrong for expecting her to -- me back.
All right Dave what do you say about this familial issues.
Yes I would probably forgive that debt and I was stop -- -- money.
You're enabling her to.
You know this is a classic enabler co dependent situation with what a psychology college.
But you've got to really step in and teach her to stand on her own because it's going to be a day when you're not there.
And loaning your kids money is a really bad idea because it changes the relationship that makes Thanksgiving dinner taste differently -- Well let's not go there lot of things can happen on Thanksgiving dinner all right here's Mandy from South Carolina my -- Ireland paycheck to paycheck.
We tried to pay off debt but always end up in -- bad place.
What should we do.
-- really ends up being a sense of denial.
And you've got to step in and -- really -- it once again we've got to lay out of game plan.
And we have to have something where we're aiming at -- territory your goal not just Friday thank god it's Friday oh god it's Monday.
Kerr right Dave -- thanks for being so concise today and helping people out and hopefully they can get past those things in their head have a great weekend able -- next week.
You to Gretchen thank you.
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