I'm 21 and no one ever taught me about credit, so in the first couple of years of my adult life I've racked up quite a bit of high interest debt. I'm a full time student at a 4-year right now and currently have $8,000 in federal student loans, live on campus, carry $15,000 in CC debt (most of it has been refinanced into a personal loan with a lower but still exorbitant rate (23% cc APR to 15% personal loan APR, that was the only rate I could get with a 600 credit score and short credit history). I work part-time at an office (20 hours a week, $15 an hour in CA) and my loan payment is around $300 a month for a 3-year term.
What I really want to be able to do is start saving money, and I will be graduating at the end of the year with a degree that doesn't usually make much money to start (Environmental Planning/Policy B.S.) so I need to prepare for managing this debt once I'm out of school. Does anyone have advice for what steps to take?
My family was never good at managing money and I want to learn about these things now so that I can build the best possible financially secure life for myself and my future family (if that's in the cards).
Submitted February 12, 2018 at 11:54AM by puffthegiant http://ift.tt/2HaCb3e
