I'm fortunate enough to have parents who taught me to be independent, self-sufficient and self-reliant. Most importantly, they taught me how to budget and save money. Parents, here are seven ways you can help your children escape debt now and in the future.
If the average twenty-something has somewhere around $25,000 of debt to their name, then I must be a highly unique member of the millennial generation. I graduated from Kennesaw State University, a fast-growing school in the suburbs of Atlanta, in 2011. It was the same year that the total amount of student loan debt in the U.S. reached a whopping $1 trillion, but when I graduated, I did so as a completely debt-free individual.
When the wrangling over Iran's nuclear capabilities began a few decades ago, in a very different geopolitical landscape, it may have made sense for the U.S. to play helicopter parent. However, that time has passed.
The American public has seen it all -- a government shutdown for the first time in 18 years, and what seems like the strongest partisan gridlock in history. Well, time is almost up again.
For aspiring artists, December is the cruelest month, when thoughts of pursuing an MFA must turn to action or be cast to the winds. It's grad school a...
You worked hard for that money. No one can deny that. You have been rewarded for your talent, your intelligence, your risk-taking, your creativity, and your good fortune. The notion that you should change a system that has worked so well must seem downright stupid.
I am now a 25-year-old woman from middle class "privilege" facing a crushing $60,000 of debt, with a 20-year loan repayment plan. I am still treading water each month, balancing multiple jobs. Is this how I am being "compensated" for my accomplishments, Mr. Reinharz?
When you pay off your debt accounts and regain control of your finances, it's like plugging the holes in your bucket and being able to use the money as you see fit. No more siphoning away your hard-earned money.
I realized that if I continued to bail my parents out, nothing would ever change for them. They needed to get on a better financial track, and coming to their rescue wasn't going to help them do that.
So would some new Christian Louboutin shoes or a sparkly new SUV make me feel successful? Definitely, but not in the way I am craving success at this stage in my life. Here are the top things in life that define success to me at this time.
It is important to consider all issues before you make a decision on whether to hire an attorney or not. While legal representation is important, it is not always necessary.
What was it like to open up a letter announcing that the burden of a large medical debt had been taken away? "I was dumbfounded," replies Terrance Lavalle, referring to a letter he received in November from Occupy Wall Street's working group, "The Rolling Jubilee."
The government shutdown made it clear that Palinism is alive and well, if not the dominant philosophy in the Republican Party. Republicans want to fight for "something," even if they can't say what it is.
The Congress is beginning negotiations on the budget. If the end result is a budget dominated by tax increases and discretionary spending cuts, the deficit will be lower but the unfairness will be magnified.
Our leaders like to call their strategy borrowing, but it is really tantamount to stealing -- from our children, worse yet. Why? Because we have no plans to pay the debt.
Let's accept the premise that U.S. federal debt is out of control and cannot be reined in by efficiency in the health care sector. The way the government is cutting the deficit is the absolutely, objectively worst way the government could cut the deficit.