The Money Letter That Every Parent Should Write
I think more than anything right now, the advice to give is how to avoid debt. Savings is certainly important, but increasingly a luxury, as friends still have school debt even as they contemplate having kids. And then think it&#x27;s normal their kids will have school debt too.<p>School debt is not normal. That used to be for only the classic professions: teacher, lawyer, doctor. College was either paid for by family, by grants, or you worked your ass off but had no debt after the undergraduate degree. Now everyone thinks debt is sane.<p>If I were a parent, I&#x27;d plot with the kid how bankruptcy is part of their normal college education. Not debt.