Comments on: Young And Full Of Debt http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/ Sat, 26 Nov 2011 16:59:08 +0000 hourly 1 http://wordpress.org/?v=abc By: Marisa http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/comment-page-1/#comment-133964 Marisa Sun, 09 Sep 2007 01:28:05 +0000 http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/#comment-133964 Did you know that when a kid applies for a student loan for school, they automatically become eligible for a credit card? That's how Brit got hers. My second son kept getting these offers in the mail for credit cards when he was in school and I kept throwing them away. He would have been furious if he knew. I think he's happy he didn't fall into that trap. He's having enough trouble paying the student loans. Did you know that when a kid applies for a student loan for school, they automatically become eligible for a credit card? That’s how Brit got hers. My second son kept getting these offers in the mail for credit cards when he was in school and I kept throwing them away. He would have been furious if he knew. I think he’s happy he didn’t fall into that trap. He’s having enough trouble paying the student loans.

]]> By: Marisa http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/comment-page-1/#comment-133961 Marisa Sun, 09 Sep 2007 01:24:03 +0000 http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/#comment-133961 They sound like typical kids. Good luck! They sound like typical kids. Good luck!

]]> By: Marisa http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/comment-page-1/#comment-133960 Marisa Sun, 09 Sep 2007 01:23:08 +0000 http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/#comment-133960 Ha! I never thought of that. Good way to look at it. Ha! I never thought of that. Good way to look at it.

]]> By: Marisa http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/comment-page-1/#comment-133958 Marisa Sun, 09 Sep 2007 01:18:53 +0000 http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/#comment-133958 On of mine wasn't so good at 23. He's much better now at almost 26. Of course, rent in Hawaii is over a couple thousand per month so if he doesn't manage well, he'll be homeless. Food and shelter are great motivators. :) On of mine wasn’t so good at 23. He’s much better now at almost 26. Of course, rent in Hawaii is over a couple thousand per month so if he doesn’t manage well, he’ll be homeless. Food and shelter are great motivators.

:)

]]> By: Dorothy Stahlnecker http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/comment-page-1/#comment-128638 Dorothy Stahlnecker Sat, 25 Aug 2007 23:34:19 +0000 http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/#comment-128638 I'm sick when I see what our kids are up against today. It seems impossible for them to be debt free. The banks are constantly offering new mortgages, credit cards, and it's very difficult to not be taken in with the buy now pay later scam. We have furniture stores that encourage you to buy today, and not make payments for months. The marketing is very difficult to resist if you need furniture. Can our kids ever be debt free? Especially as you mentioned many of them, starting out with school loans. I hoped schools will provide counseling during hight school to teach our kids how to save, and budget. Most people today, don't use a budget. If we started them thinking about this in school, perhaps the pattern would be established and there wouldn't be so much impulse and unnecessary spending. Sorry to go on and on, you just hit on a really good subject... Ive been through this with my grandchildren, and it seems they just don't get it. We keep hoping. Regards, Dorothy from grammology I’m sick when I see what our kids are up against today. It seems impossible for them to be debt free. The banks are constantly offering new mortgages, credit cards, and it’s very difficult to not be taken in with the buy now pay later scam. We have furniture stores that encourage you to buy today, and not make payments for months. The marketing is very difficult to resist if you need furniture.

Can our kids ever be debt free? Especially as you mentioned many of them, starting out with school loans. I hoped schools will provide counseling during hight school to teach our kids how to save, and budget. Most people today, don’t use a budget. If we started them thinking about this in school, perhaps the pattern would be established and there wouldn’t be so much impulse and unnecessary spending.

Sorry to go on and on, you just hit on a really good subject… Ive been through this with my grandchildren, and it seems they just don’t get it. We keep hoping.

Regards, Dorothy from grammology

]]> By: Chamonix http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/comment-page-1/#comment-128510 Chamonix Sat, 25 Aug 2007 16:16:08 +0000 http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/#comment-128510 If my son or daughter took advice from me about their finances then they wouldn't be in the pickle which they are. Maybe they'll listen to this 'impartial' advice? If my son or daughter took advice from me about their finances then they wouldn’t be in the pickle which they are. Maybe they’ll listen to this ‘impartial’ advice?

]]> By: Carl Coddington http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/comment-page-1/#comment-128353 Carl Coddington Sat, 25 Aug 2007 05:51:30 +0000 http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/#comment-128353 Having no Internet could have been a blessing. That was one less bill you had to pay :) Having no Internet could have been a blessing. That was one less bill you had to pay :)

]]> By: happily anonymous http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/comment-page-1/#comment-127229 happily anonymous Wed, 22 Aug 2007 15:54:42 +0000 http://www.mydandelionpatch.com/2007/08/21/young-and-full-of-debt/#comment-127229 My son is 23 and it drives me nuts on how badly he manages his finances. My son is 23 and it drives me nuts on how badly he manages his finances.

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