September 13, 2007
College Credit Card Debt
Here’s a simple video that most college students should probably watch. When you’re only 18 or 19 years old and heading off to college, the credit card companies can’t wait to get you to sign up for their card. On average, most students rack up debt by eating out, buying clothes, and then use the money they do have to pay the minimum on the account. Recent statistics say that 20% of college students graduate with 7k of high interest credit card debt.
I wish I knew what I pretended to own through my credit cards. All I know now is that these things don’t make your life better. If I just used the money I make to buy things, it only costs me what I paid for it and I don’t owe anyone for it. I like owning things rather than hoping I can pay for them. This video is simple but good.
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