$10,000 Debt is a lot of debt to repay no matter how much money you make...
Everytime I turn around, I hear people say, "I wish someone had taught me about money when I was a freshman in college, or even back in high school. I'm still paying for credit cards from college or shortly after."
I write this to tell you that there are so many demands on your money. And money, when you first start out, is fairly hard to come by. Actually, money is always fairly hard to come by. You'll find forever that it's much easier to spend money than to make money.
It's difficult to play catch up if you enter the real world in debt.
And even if you've done well managing money thus far and successfully avoided credit card debt, you will still face obstacles, struggles and spending temptations. I didn't get involved with credit cards until two years after college graduation, and did it with the sole intention of building my credit but my lack of experience and financial savvy prevented me from understanding the big picture of money and the true dangers of debt.
Some people will take off in the real world with hefty salaries and some people won't. But, no matter how much money you earn, if you don't know how to make decisions with your money, you can easily end up in debt and struggling like millions before. I know what you're thinking, "That'll never happen to me. I'm smarter than that." Let me state for the record, that mostly every person in debt has said those words at some point.
There's a lot you need to know. It's difficult to know the right questions to ask of your parents, a financial aid office, a bank or a credit card company. Whenever I asked someone about money, I remember feeling as if I was simply being shuffled around. It seemed I could never find "the right" answer. Which is why I'm here. Everyone is entitled to understand the basics of money and be given a chance to succeed with money from the beginning.
Keep reading for more detailed info and common Q & A!
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