Consumer Debt - 6 views

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  #1 Artur Dyachenko on 27 Nov 12

   

  Citing studies showing most young people have "poor financial literacy" and leading with the story of a 29-year-old who can't budget, the article says, "Today's twentysomethings hold an average debt of about $45,000, which includes everything from cars to credit cards to student loans to mortgages."
  
  At 26, I've accumulated $14,878 in student loans - not that bad compared to other students I've met, but not good considering I borrowed to get a graduate degree that I probably didn't need. That's my biggest blunder so far, but when it comes to money, older isn't necessarily wiser.
  
  our questions are:
  1. What can students do to avoid paying more and earning little to decrease their consumer debt?
  2. Why are people not budgeting money as well as they used to? is it because the temptations of today are too flashy or is no one being taught how to save money?
  
  
  
  Read more: http://articles.businessinsider.com/2012-05-07/news/31605305_1_retirement-plan-student-loans-mistakes#ixzz2DShwTLl6

   

  <div class="cArrow"> </div><div class="cContentInner">Citing studies showing most young people have "poor financial literacy" and leading with the story of a 29-year-old who can't budget, the article says, "Today's twentysomethings hold an average debt of about $45,000, which includes everything from cars to credit cards to student <a id="_GPLITA_0" href="#" in_rurl="http://i.trkjmp.com/click?v=Q0E6OTc5OToyMDpsb2Fuczo4MzUyNGQwMWYwNDkxN2YwZDQ3NzliN2U2NmVjNDgxNDp6LTEwMzYtOTIyNDk6Z3JvdXBzLmRpaWdvLmNvbToxMTM4Njo4N2NjMTRlMDQxYjljOWU4OTcwOTAwMmQ3NGY4ZjliNw" title="Click to Continue > by SavingsSlider" rel="nofollow" in_hdr="" style="text-decoration:underline">loans</a> to mortgages." <br /> <br /> At 26, I've accumulated $14,878 in student loans - not that bad compared to other students I've met, but not good considering I borrowed to get a graduate degree that I probably didn't need. That's my biggest blunder so far, but when it comes to money, older isn't necessarily wiser. <br /> <br /> our questions are: <br /> 1. What can students do to avoid paying more and earning little to decrease their consumer debt? <br /> 2. Why are people not budgeting money as well as they used to? is it because the temptations of today are too flashy or is no one being taught how to save money? <br /> <br /> <br /> <br /> Read more: <a href="http://articles.businessinsider.com/2012-05-07/news/31605305_1_retirement-plan-student-loans-mistakes#ixzz2DShwTLl6" target="_blank" rel="nofollow">http://articles.businessinsider.com/2012-05-07/news/31605305_1_retirement-plan-student-loans-mistakes#ixzz2DShwTLl6</a></div>

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  #2 Ms Cuttle on 29 Nov 12

   

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  #3 Cristina Raileanu on 07 Dec 12

   

  1) again this question is an individual decision, I personally would cut back on my weekly spendings on luxuries, and be happy with, especially if I have something particular I am saving for. Also, to back away from temttation of purchases since our generation is one of the tempted and spoiled one.

   

  <div class="cArrow"> </div><div class="cContentInner">1) again this question is an individual decision, I personally would cut back on my weekly spendings on luxuries, and be happy with, especially if I have something particular I am saving for. Also, to back away from temttation of purchases since our generation is one of the tempted and spoiled one.</div>

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