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Time to start cleaning up your own messes

Our family has an account at a movie rental store. I rented a movie the other day, and forgot to take it back on time. The late fees add up to $20. I’m in college and have a part-time job, so my parents think I should pay the late fees. They started the account, so shouldn’t they have to pay the fees?

Dear Dave,

Our family has an account at a movie rental store. I rented a movie the other day, and forgot to take it back on time. The late fees add up to $20. I'm in college and have a part-time job, so my parents think I should pay the late fees. They started the account, so shouldn't they have to pay the fees?

Angie

Dear Angie,

Technically, I'm sure your parents are responsible for the account. But think about this. You're the one who rented the movie and forgot to take it back on time. If you have a job and access to money, I think you should be the one to make things right.

Chalk this one up as a learning experience, Angie. If you're grown up enough to be in college and have a job, then you're grown up enough to start cleaning up your own messes. That's the way life works. It doesn't mean that your parents don't love you. In fact, it means that they love you enough to teach you a valuable lesson in responsibility!

-Dave

Dave Ramsey is America's trusted voice on money and business. He has authored five New York Times best-selling books: Financial Peace, More Than Enough, The Total Money Makeover,EntreLeadership and Smart Money Smart Kids. The Dave Ramsey Show is heard by more than 6 million listeners each week on more than 500 radio stations. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com.