How did I get in so much debt?

This will be part one of a part two series about my debt situation.

Here are my other videos about debting it down!
Capital One and Chase paid off!
http://www.youtube.com/watch?v=I_Wf_8dKkt0

Visa paid off!
http://www.youtube.com/watch?v=tQDz73H90o4

Category:

Education

Tags:

• debt
• relief
• getting
• out
• of
• credit
• cards
• FICO
• score
• Dave
• Ramsey
• Suze
• Orman
• report
• New
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• capital
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• citibank
• visa
• discover

[mroger25]

Chakakhanian I was just in Walgreens about an hour ago about to buy a million hair products that I did not need nor could I afford just because they were on sale. I then I thought about what you said about there ALWAYS being a sale and I put them back. Thanks for sharing those words of wisdom! ♥

[ChakaKhanian]

@mroger25 Glad I can help. I have to tell myself those words often.

[urumor]

I wa trying for months when I turned 18 to establish credit. That Dec. I got info on the mail from capital one and first financial bank about their cards. Not really knowing what I'm doing I fill them out. Around the same time I had applied for one with my bank and got approved. Long story short: 18y/o + 3 credit cards + gas hike = credit card debt

[ChakaKhanian]

@urumor Just concentrate on only using ONE credit card for for real emergencies. Stay encouraged.

[CurlyTrini87]

At 9:41 You spoke to me. I have one credit card, that I had applied online for it BOA student CC, which is currently maxed out due to me making small purchase and paying some of my bills. I graduated last year & with not having a job, my CCard become my comfort zone.

I am in the processing of starting my 1st job in my career felid. So within two months I want to pay off my CCard debit of over $2K.

Now my biggest stress is my college loans. Trying to figure out how these loan works.

[ChakaKhanian]

@CurlyTrini87 Well, some positive things about student loans and depending on your income, you can claim them on taxes. Plus the interest rates are so low, maybe you can double up on the principle payment.

[IBMeddling]

With a credit card there is alway a possibility of someone (sitting in some cubical) to simply push a button and cut it off. (without any notice) - It's a lot harder to do that with cash.

[thecasablancalily]

Modesty is recognizing your limitations. Thats a beautiful thing.

I just cut up a few cards. Thank you.

[ChakaKhanian]

@2Persistent2 Hey! I am still understanding things about youtube so, creating my videos for mobile use was an oversight. Where can I find this?

[2Persistent2]

Ps the 5.00 savings plan vid is not avail 4 mobile. Not sure if this was on purpose.