20 Year Olds Dealing With Debt

[rosytaylor621]

I'm 20 and a college junior. This doesn't scare me, my God walks with me.

[HayateAzekura]

We haven't had real capitalism in a decades but look how much more socialist we are getting, yeah how is that working out for you.

[HayateAzekura]

This isn't capitalism, This is the fault of socialism. This idea that EVERYONE should go to college, is the big problem. 90% of people just shouldn't be in college. Since the government subsidizes education, this drives the prices for all. Since Universities will want to get money from all these students coming into college. If it was capitalism. prices would be lower because they would compete with each other and give you more bank for buck.

[PATSDESIGNS]

This will work hand and hand with your business. call me.... cost $ 1.75

EMAIL CASHBACKINCOME AT G MAIL DOT COM

[inkey2]

who the hell moves out of their parents house knowing that they are only going to make 8 bucks an hour?

[MachineAmbition]

@inkey2 Maybe she had moved into a campus area apt. The cost of attendance for school and money received for with loans, scholarships, etc. can be more than a minimum wage job. But after you graduate, you don't get that "income" anymore because you can't keep borrowing if you are not a student. So on top of having less money at your disposal, even if it is real earned money vs. money to use from a loan, you have to start paying it back on top of making less.

[MrFaisel34]

University of Pennsylvania Students, are you listening? Myriad service jobs and an ocean of debt awaits you after graduation.

Please join the move to oust Dr. Amy Gutmann at the University of Pennsylvania from her position as president, because money is a terrible thing to waste.

One million dollars could fund a lot of programs in West Philly, especially for the poor black folk pushed to edge by the expansion of University City.

[makingmecash]

I used simple budgeting to recover from serious CC debt. The key was budgeting what I had using this

[318197]

That poor girl!

The credit card companies clearly twisted her arm on this one.

Forcing her to have contact with their Terms of Service and agree to a contract to use a service that is a luxury and not a requirement...

Terrible, bad credit card companies... awful, shameful credit card companies...

[BOWENSblog]

she is fat, why dont she eat less?

[sfordgg]

become a stripper they make good money

[ticks4ticks4]

@sfordgg That's how some people PAY their way through college!

[MacPr0xnxx0]

so whats the moral of this story get a college degree and hope for the best?

[Rockynurse]

No the moral is that college is an investment. 55k in debt for an art degree is simply a bad investment!

Common sense huh?

[jaysmic24]

i HATE credit cards!!!

[BellaSwannCullen]

grow up girl.

[MondoBeno]

American college grads dread having to live with their parents after college. But I've met Italian 20-somethings who say they'll have to live with their parents until age 33.

[Rockynurse]

Italians are content being mooches.

[amicusnemini]

@Rockynurse hahaha so true

[inkey2]

@MondoBeno You do what you gotta do....if it's fine with your parents to live with them then do it. I had to live with my parents into my thirties because i decided that having health insurance was more important than living in my own appartment. I had a disability (not the type you could get social security for) that cost me a fortune in medical bills. This was back in a time where insurance companies did not cover as many illnesses as today

[flagship21]

Consult the Chinese also

[carzaoo]

lol theres a credit card ad on the page.

shameless fucks

[Alcavexus]

you know whats fucked up, a lot of european countries send their children to college for free. And in highschool, schools compete for students..which results in better education (think of it as fast food restatrants competing for you to eat there by making better food)

[Rockynurse]

Yes and in some countries in Europe like Spain and France they have unemployment rates of under 25 year olds in excess of 20%

[BATCH420]

Do people's parents not teach them this stuff? Mine did, apparently my brother didn't learn though.

[enemyofdebt]

I agreed with the video up until the part about paying the highest interest rate card first. Apparently the person who made this video has never heard of dave ramsey. The interest rate is not the problem it is the behavior that got the person there in the first place. It is better to use the debt snowball method in order to have small victories very fast. The small victories create incentive and motivation to do the same with the next debt. The behavior not the math is the problem!!!