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Think for your children…
It is in our responsibilities to teach our children (and ourselves) how to think long term.
“Debt” = “Bad”
the companies that provide debt, what do you think their goal is? Is their goal for you to fully understand the cost of your debt? No. So they’re basically creating these approaches to make you feel like it is incredibly cheap or just to think about the cost per day rather the cost per year or cost for a lifetime. So debt is very simple mistake.
So there is an amazing study that shows when parents have college savings accounts for their kids, their kids show higher social and cognitive performance.
http://www.pbs.org/newshour/making-sense/mental-depletion-complicates-financial-decisions-for-the-poor/