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Yesterday I wrote a guest post @EnemyofDebt entitled, The Lost Subject: Personal Finance. The post brings to light the fact that personal finance education is still not being taught in most schools or at home. As a society we can continue to place blame, but who is really suffering?
The unfortunate fact of the matter is that most of us have made financial mistakes, some of us have learned from them, and then there are a few who continue to repeat them. If we want to stop the cycle of poor financial decisions, mountains of debt, and inadequate savings for our future generations then we need to take action. This week's reading has some excellent financial education for the young and old-be sure to share!
How a Lie is Helping Me Save for Retirement @sooverdebt "Now that I'm angry and the precedent is set, I'm looking forward to Jayden's future contributions to my retirement savings. I'd like to think this incident will cure him, but I know that liars often take time to reform. So I informed him of my other plans to help him conquer his filthy habit."
Know Your Student Loans Before Your Debt 'Bomb' Explodes @jefferytrull "A recent Bloomberg article states, "Student Debt Could Be Next 'Bomb,' according to U.S. Bankruptcy Lawyers." Yikes, that is a scary proposition but one that is a reality for millions of students who have completed their higher education and have hefty loans to pay back."
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Suzanne Cramer
Suzanne is a certified credit counselor and a Social Media Specialist for CareOne Debt Relief Services. Suzanne writes for Divorce, Debt and Finances and A Straight Talk on Debt. Follow Suzanne on Twitter @SuzanneCramer1 and @AskCareOne where she shares her insights on divorce and managing your finances.
Great advice. Thank you for sharing.
What a good read. Especially since I did believe you had to have a good credit score to obtain a mortgage. This gives me something to think about ;-)
I meant to rate this a five. Great Blog!
Definitely a lot of straight talkers in this group. Thanks for including me!
@WorkingBoomer Glad it was helpful :)
@mdavis1964 Glad you enjoyed and there are many things that affect your ability to get a mortgage--credit score is not the only factor.
@StephRabara Thanks for the thunbs up--I really appreciate it!
@John Straight shooting is always the best way to provide information--no sugar coating!