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Feb. 22 was truly a milestone in credit history. The new credit laws under the Credit CARD Act of 2009 that took effect that day are a huge step in the right direction to ensure our kids and future generations are not plagued with the unfortunate credit and money experiences that so many people today have and continue to experience.

There is no lack of good financial education content available-and much of it is even free and available on-line. The problem is execution. Unless we take the time or make the time to teach our children about money, chances are they will never learn it.

Have you ever felt like giving up? Like throwing in the towel?

The cost to our children and our society is getting too high not to take action NOW. The incidence of drug abuse, alcoholism, teenage suicide, and pregnancy is rising and it will most likely hit closer to home than you want to imagine. It is time for parents, grandparents, and other interested adults to start educating our children todayso they can live a happy and healthy tomorrow.

Financial literacyis realizing that not all debt is bad. Divide your debt between good debt and bad debt. Focus your attention on paying off the worst of your debts first. If you are paying off two cards, say an American Express and VISA card, find which one of these has the lowest interest and pay off your highest interest card first. At a certain point, you will want to switch over to paying the lower interest card when you have the high interest one mostly paid off. Break out the calculator and find out which one of these is costing you the most per week. It will take some number crunching, but the money you save will be well worth it. Always be careful to read the fine lines on your credit cards.

Have you ever obtained something as a consumer one day and then the next day wondered why you did? Your were the victim of effective impulse purchase advertising and placement. We all were at some point.

Given the current economic roller coaster, does it feel like you are taking two steps backwards for every one step forward? Have you ever felt like quitting? Even though you knew you were on the right track?