Saturday, March 26, 2011

CREDIT CARD DEBTS!

For me, college loans are a nightmare in themselves.  So why add the debt from a credit card on top of that?  most credit cards have ridiculous interest rates, especially the ones marketed to college students.  I often see credit cards with well over 20% interest rates, which is MIND-BLOWING!  If you don't have the money to buy something, DON'T BUY IT! It's that simple!

Avoid getting into debt during college.  Is getting a new stereo now worth not being able to buy a new car later in life because your credit is horrible?  Absolutely not!

23 comments:

  1. Very true, good thing I don't have a spending problem :P

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  2. One rule I have always lived by is to never get a credit card. 24 and working well for me so far.

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  3. You're right man, good post!

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  4. So glad I live in Belgium.
    College costs like 500-1000€ a year (you can get it as low as 200 with funds from the government)

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  5. Debts, the best part about college!

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  6. I'm never gonna touch a credit card, haha.

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  7. I know what you mean, my mom loves getting credit cards and promptly running the fuck out of them. Initially it's nice, like oh hey, new shoes.

    After a while it's soup for a few weeks.

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  8. yeah im already 3000 dollars in debt from school

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  9. I hear you man, I'm a University student myself :( sucks

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  10. Yeah about to graduate with a lot of debt. It's going to be horrible.

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  11. I think I'm going to start using cash only from now on..I'll be able to keep a much better track of things. Nice post :)

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  12. 4200$ in debt so far (University). Feels bad man.

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  13. Yeah getting a credit card was the worst thing i did in college.

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  14. AWWWWWW YEAAAAAA
    SCHOLARSHIP BABY
    Thank god I studied in high school to avoid all this crap.

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  15. Thanks for the advice bro.. ill keep it in mind

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  16. Credit card companies are evil, debit card all the way.

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  17. One thing I've learned is never get in debt, EVER. It's such a terrible experience, becoming debt-free feels like lifting the weight of a car off your shoulders.

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  18. I've proudly never been in debt

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  19. You've put it as well as it can. But some people just don't want to learn.

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