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There plan is to replace the water heater in a couple of weeks when they get their next pay check. I've got to say, there pretty good kids for the most part. He has a pretty good high tech sales job and the makes pretty good money. They just do things that don't make sense like take a vacation instead of paying there mortage payment....they try to live beyond there means and they are both a little self centered..... Grand father and mother bailed them out first to the tune of $20,000...paid off car payments and credit cards and were to be paid back interest free at $400 a month. They paid 3 payments then went and traded cars.....on credit of course..... .This created a situation where my daughter, who was very close to her grand parents, wouldn't go visit although they never asked about the money. Then there were laptop computers and guitars.....cameras.....etc.....next thing you know, they were behind 4 months on the house payment which is lower than apartment rent. They had been in the place for 9 months and SIL's father had made 5 of the payments..... ..I found out about this after they took a long trip out of state to visit friends and family while the brand new laptop was sitting on my kitchen table. First the car got repoed.....so they bought another one at one of the no money down, buy here pay here places and not only bought a more expensive car, but are paying about 26% interest for it. That's when FIL who was down for a visit suggested we go for a gallon of milk and we started compairing notes..... seems him and I were paying all their bills, clothing the babies etc. while they enjoyed life to the fullest....The ex wife paid to fix the air conditioning..... seems every relative who would "loan" them money had a story..... They started using the check into cash service borrowing $200 dollars....well, next payday they had to pay back $225 and borrow $200 again....I'm not exactly sure how this works but they kept getting farther into this scam.....at the same time, bouncing checks, or ATM...for a pack of cigs and a coke.....$29 dollar bounce check fee and $25 dollar merchants fee..over a $5 dollar purchase..... so back to check into cash they go..... finally didn't pay a hand written $9 check to walmart who took them to court..... That was the best thing that could have happened to them..... Judge said go to Dave Ramsey's money course or go to jail....For those that don't know, Dave Ramsey is a christian based syndicated radio talk show host that teaches how to handle money among other things..... I won't go into how much money I've given them.... Either way, to me it's like giving a drug addict more of the drugs.....it makes him feel better but it doesn't change behavior. It makes them feel good for awhile but the results are more of the same. I could go down to homer depot and buy a new heater.....haul it over there and put it in for him but would they learn anything? My dad told me you can learn the easy way or the hard way.....I've explained the way things work....told them don't worry about toys....and security is the best gift you can give your children but every little thing is a financial disaster for them..... I love them both.....but until they learn, they will always be a slave to the lender.....I really hate to point it out but do try to point out that the reason for saving money is for times like these. Credit, and debt is the most aggressively marketed product of any and it's a huge trap for our children....buy now pay later..... ..I really want them to learn to avoid the trap and have financial freedom and the piece of mind that goes with it. I have other children and I feel guilty when I do for one and not the others..... My feelings are they were given a chance the easy way....that hasn't worked....so....guess it's cold showers.....
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