Benefits of the Debt Free Game - Get out of Debt Education

WHAT MAKES THIS GAME UNIQUE
One of the unique things about this game is that various ages can play at the same time. For example, you could have four people playing this game: one is six years old, one is twelve, one is eighteen and one is thirty-five. That's why it's a great family game.

Some of the benefits a six-year old would learn from this game would be saving, spending wisely, and giving. Through learning to save, a six-year old would also learn the benefits of compound interest plus much more.

The twelve-year old would learn the same things as the six-year old, but would also learn how to create income by mowing lawns, shoveling snow, babysitting or doing other work around the home and applying this to saving for college or a car, spending wisely (for something really needed) and giving (such as gifts and tithing).

The eighteen-year old would learn all of the above, but will eventually begin working a full-time job that may offer a 401-K. If the employer matches a portion of the contribution it would give a 100% gain right from the start. Once a person begins paying taxes, he would be able to begin a traditional IRA and/or a Roth IRA. A contribution to a traditional IRA is tax deductible. A Roth IRA is not tax deductible but grows tax free. Beginning to save at an early age, using the power of compound interest, could result in doubling, tripling or quadrupling this money by retirement age.

The thirty-five year old that may be in debt would need to work on a budget to begin paying off debt. An individual, or a couple, would begin paying extra on the smallest bill and pay it off and move on to the next smallest bill until reaching a debt-free status. To help do this, a person can work a part-time job and put that money toward debt or create some additional income by starting a new business. We encourage people to set goals and plan a budget to become debt free. Over fifty percent of divorces are over money. Couples should work as a team and each person should know their combined monthly income and expenses.

THE GOAL OF THIS GAME IS TO HAVE FUN
This game is about teaching this generation to become debt-free and the next generation to live debt-free. We hope you and your family learn to live a debt free life and enjoy a quality of life very few people have.