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20 Year Olds Dealing With Debt

February 6th, 2013 Leave a comment Go to comments

Many young professionals in their twenties are dealing with debt from credit cards and unpaid student loans. Managing personal finances can be difficult when you must handle expenses like insurance, business clothes, transportation, car payments, and more while still trying to have savings to meet your long-term goals such as buying a house or planning for retirement.

For more personal finance tips, please visit http://www.usnews.com/articles/business/your-money/2008/04/16/investing-guide-for-20-somethings.html

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  1. Mel Thompson
    February 6th, 2013 at 12:24 | #1

    Repayment Plan …
    Repayment Plan Settlements could be dangerous and risky.

  2. iamerror2
    February 6th, 2013 at 12:24 | #2

    Amen
    Amen

  3. dochokeana
    February 6th, 2013 at 12:24 | #3

    The problem isn’t …
    The problem isn’t just that it’s “too much of Capitalism or Socialism” it’s failing to find a balance between the two. Only capitalism=few wealthy and masses of practically slaves. Only socialism and where’s no real motivation to work and since you’re being taken care of anyway. It’s all situation, background etc… dependent and where’s no “one size fits all” recipe.

  4. mosaicmaster1
    February 6th, 2013 at 12:24 | #4

    This is a Question …
    This is a Question that can save your life…Would i loan myself money…Only you can know the Answer…That Answer will keep you away from debt.

  5. stromak
    February 6th, 2013 at 12:24 | #5

    neverpayagain.co.uk
    neverpayagain.co.uk

  6. rosytaylor621
    February 6th, 2013 at 12:24 | #6

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

  7. Hayate Azekura
    February 6th, 2013 at 12:24 | #7

    We haven’t had real …
    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.

  8. Hayate Azekura
    February 6th, 2013 at 12:24 | #8

    This isn’t …
    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.

  9. MachineAmbition
    February 6th, 2013 at 12:24 | #9

    Maybe she had moved …
    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.

  10. PATSDESIGNS
    February 6th, 2013 at 12:24 | #10

    This will work hand …
    This will work hand and hand with your business. call me….

    cost $ 1.75
    EMAIL CASHBACKINCOME AT G MAIL DOT COM

  11. inkey2
    February 6th, 2013 at 12:24 | #11

    You do what you …
    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

  12. inkey2
    February 6th, 2013 at 12:24 | #12

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

  13. ticks4ticks4
    February 6th, 2013 at 12:24 | #13

    That’s how some …
    That’s how some people PAY their way through college!

  14. MrFaisel34
    February 6th, 2013 at 12:24 | #14

    University of …
    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.

  15. makingmecash
    February 6th, 2013 at 12:24 | #15

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

  16. matikaj
    February 6th, 2013 at 12:24 | #16

    I found this site …
    I found this site about getting out of debt: outofdebtstrategy.blogspot.com. It’s quite interesting. There are over 40 articles and every day new ones are added.

  17. matikaj
    February 6th, 2013 at 12:24 | #17

    look here: …
    look here: outofdebtstrategy.blogspot.com

  18. 318197
    February 6th, 2013 at 12:24 | #18

    That poor girl!
    The …

    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…

  19. Kalinda Zakn
    February 6th, 2013 at 12:24 | #19

    hahaha so true
    hahaha so true

  20. bill bo
    February 6th, 2013 at 12:24 | #20

    she is fat, why …
    she is fat, why dont she eat less?

  21. Rockynurse
    February 6th, 2013 at 12:24 | #21

    Italians are …
    Italians are content being mooches.

  22. Rockynurse
    February 6th, 2013 at 12:24 | #22

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

    Common sense huh?

  23. sfordgg
    February 6th, 2013 at 12:24 | #23

    become a stripper …
    become a stripper they make good money

  24. MacPr0xnxx0
    February 6th, 2013 at 12:24 | #24

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

  25. jaysmic24
    February 6th, 2013 at 12:24 | #25

    i HATE credit cards …
    i HATE credit cards!!!

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