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Hubby and I have learned the hard way but from the sound of it we learned faster than some people do. About 3 years ago hubby was injured, hospitalized, and out of work for 6 months. At that time we had 3 credit cards and really racked up the charges because of course we needed gas and groceries and I was working as much as I possibly could. We also had 2 car loans at that time as well. NOW we have paid off both car loans, only have one credit card that is closed and we're just paying it off, and we have a home mortgage. Yes the mortgage is huge in comparison to what we had in total debt before but a mortgage is designed to be paid off in a set amount of time while the credit card could take so much longer if we only pay the minimum. We're also building equity instead of just paying rent to someone else. We will get everything paid off eventually. We are getting better at it and we're not incurring MORE debt than we can handle. I hope I can teach my daughter how some of these things work and arm her against getting into big debt herself.
My grandma (a financial genius in my book)always said "Live within your means." If I did that all the time I would be as rich as she was.
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"Always learn the rules so that you can break them properly." Dalai Lama
My Karma just ran over your Dogma. 
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