When it comes to debt, our parents can be like the wise, quirky characters in our favorite coming-of-age movies. They often shape our financial beliefs, whether they mean to or not. Some parents hand down golden nuggets of wisdom, while others might pass along a few financial faux pas that can haunt us like an old ghost story. Take, for example, the notion of maxing out student loans because they’re seen as ‘free money.’ That advice might sound tempting, like a sneak peek at that blockbuster sequel everyone’s been waiting for. But just like that sequel that falls flat, relying too much on loans can lead to a plot twist that leaves you in a financial cliffhanger after graduation.

On the flip side, some parents impart better lessons, like the importance of saving and living within your means. They teach you that credit cards aren’t just flashy accessories to your wallet but powerful tools that need to be wielded with care. Picture it like a superhero origin story: learning how to use your credit responsibly is like discovering your power. You can build your credit score, which is your financial superpower, enabling you to take on bigger challenges like buying a house or getting that dream car without breaking the bank.

Yet, for many, the lessons learned at home can be a mixed bag. Some folks might have grown up hearing that debt is something to be feared, while others were taught that it’s a normal part of life. It’s like watching different episodes of the same series—each family has its own unique storyline. Those who grew up with a fear of debt might struggle to make necessary purchases or invest in opportunities because they carry that weight like an anchor. Meanwhile, those who view debt as a tool might find themselves caught in a cycle of overspending, thinking they can rely on their credit cards to fill any financial gaps.

The difference often comes down to the distinction between good debt and bad debt. Good debt, like student loans or mortgages, can lead to future financial growth, while bad debt, such as high-interest credit card debt, can feel more like a bad breakup that keeps haunting you long after it’s over. So, what do you do with these lessons? Acknowledge them, learn from them, and craft your own financial narrative.

Take a moment to reflect on what your parents taught you about debt. Write down the good, the bad, and the ugly, and then flip the script. Use those insights to create a financial strategy that works for you. Educate yourself on credit scores, budgeting, and the importance of living within your means. After all, it’s your financial journey; you’re the one writing the screenplay. And remember, just like in any great story, the best lessons often come from the twists and turns along the way.