Life is the Best Financial Planning Education 2019

My parents warned me. They told me over and over again how living the life of a 18 year old was great and carefree, but that it was a good thing to try and not be TOO carefree. I didnt listen. I got my first Visa card application in the mail and felt instantly like a million bucks. I will never forget my first splurge. Bras panties in an array of colors from the local malls Victorias Secret. I dont know why I remember that exactly, but for some reason it sticks out in my mind. I was completely freed from my parents in two distinct ways. The first was of course the freedom to pick out and purchase my own undergarments without any comments from mom intruding on my joy. RED underwear?! My goodness, isnt that a little SUGGESTIVE?! The second was the fact that I had financial freedom. The freedom had me down in chains a little quicker than I thought possible. My first Visa bill statement was reasonable and more importantly, payable. So were the second and third. But then costs started to mount, interest came into play, and then I came home for the summer while the bills went to my college housing, and suddenly it was 3 months overdue. 4 months. Then it was Christmas and I just couldnt possibly make a payment because hello, I obviously had to spend my money on gifts for others. The credit agency would understand. I was merely being charitable. .u754a86c61aded5acb5d51b687497bf70 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .u754a86c61aded5acb5d51b687497bf70:active, .u754a86c61aded5acb5d51b687497bf70:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u754a86c61aded5acb5d51b687497bf70 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u754a86c61aded5acb5d51b687497bf70 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .u754a86c61aded5acb5d51b687497bf70 .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .u754a86c61aded5acb5d51b687497bf70:hover .postTitle { text-decoration: underline!important; } READ Using Information Technology to Build a Successfull BusinessNow I am 24 and reeling from the consequences. I got married last October, and still my in laws had to cosign for our first apartment. Why? Because even though both my husband and I had full time stable jobs, my credit was trashed. We have looked into applying for home loans and the banks have all but told us it is impossible, at least for the next 7 years as we fixyou guessed itMY credit. My husband, my soul mate, my partner in life is suffering because of MY mistakes. I am not saying this to be overtly dramatic or scare you into being anally responsible and driving your friends and family mad with your immaculate fiscal responsibility. But I am stating the facts. I didnt think that credit was that big of a deal, and now I am suffering the consequences. I am singing the same I didnt think it could happen to me song from the world of recovering alcoholics and drug addicts, only my tune is even a little more bittersweet. Recovering substance abusers can choose who they share that with. My little issue is displayed on a computer screen to banks, credit card companies, mortage companies, department stores, my employer, and pretty much anyone else who wants to find out. I have the scarlet letter of debt pinned to my life and there isnt exactly an easy escape. .ue2a84b9cc82629a50ee91490ecca3016 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .ue2a84b9cc82629a50ee91490ecca3016:active, .ue2a84b9cc82629a50ee91490ecca3016:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .ue2a84b9cc82629a50ee91490ecca3016 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .ue2a84b9cc82629a50ee91490ecca3016 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .ue2a84b9cc82629a50ee91490ecca3016 .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .ue2a84b9cc82629a50ee91490ecca3016:hover .postTitle { text-decoration: underline!important; } READ Human Resource Management JobsGet a credit card, sure. But only get one. Or maybe two if you have been complimented on the past on our great self control and ability to pay things on time. But be careful. Dont end up like me. It isnt worth it. Debt isnt fun, and an indebted reputation is even worse. Related ArticlesHow to Become a Financial Analyst in Your Own LifeWhat to Look for in an OrganizationLearning Financial Planning From Online Colleges and Its Contribution to Your Net WorthOn-line education changes the way we think of college lifePut Creative Talents to Use with a Bachelors Degree in Interior DesignColleges and Universities in British Columbia Pursuing Campus Based and Online Education in British Columbia