An experiment in being financially responsible. (Or how to successfully pay off debt without losing your motivation or mind).
Posts having to do with credit card, student loan and any other consumer or personal debt. Documentation and stories related to our debt payoff journey. Learning how to get out of debt and recover from credit issues.
I’ve been reading a lot about millennials and how they are handling their student loan debt.
There are tons upon tons of articles and blogs out there documenting how the younger generation has successfully managed and paid off their debt.
And I think that’s awesome.
In fact, I would be ecstatic if my son would take a page from any of those books, so he can eventually implement a creative strategy of his own.
But that’s a story for a different day. It’s not my story.
My story starts a little earlier than that, since I’m not a millennial. I guess I’m not too far off, only by a few years. But I apparently fall into the Gen X category — that awful, grungy, apathetic lot who complained about reality biting and adults being Clueless.
My son went shopping yesterday for a new bathing suit.
He came home with a new Speedo, and a department store credit card.
First, let me clarify that the Speedo is a pair of swim trunks, and not the piece of stretchy material that is typically imagined when one thinks of a Speedo.
Now that we have that particular visual addressed, I’ll get back to the issue at hand — his first credit card.
My son is a recent college graduate. He’s 22 years old, so clearly an adult who can make his own choices.
And yet, I feel extremely protective (and frankly, a little miffed) that the store associate “pushed” this offer onto him.
I’m sure it didn’t take very much convincing. He just started his very first “real job”, with a new paycheck burning a hole in his pocket. But the prospect of getting 30% off of this purchase was too much to pass up.
He came home with a huge grin on his face, at making this grown up decision. Not only had he found exactly what he was looking for, in the SALE rack no less — but at an even bigger savings!