Debt.. Jobs.. Education Options

[stephen_lee]

I'm now 18, as of February 2nd, and I see my mother, sister, brother, and even grandparents in debt. I'm truly afraid of owing any money aside from buying a house. As of now I probably won't even buy a car unless I have the cash for it. Once in the last two years have I ever been in the negative. The only reason that happened was because, when i worked at Little Caesars, my pay check had bounced, so they took around $490 out of my account w/o any notice throwing me -$19 and then the $31 overdraft fee. I talked to my employer though, and got $670 back. A nice gain of $149 after the fees. But in all honestly it was.. quite bone chilling seeing that "-" on my account. Anyway, i now work at AutoZone, with a chance to work building engines for an oil drilling company starting at $12/hour while average wage is $35/hour. But then again, I'm really good w/ computers and am already a certified tech. So I think I'll be fine as I have something to fal back on no matter which way I choose to go. I know one will be a great choice in the long run, and I will have great Job security. The other, though, will start paying off much quicker, but not as much in the end, with less security. But the former requiring college and therefore debt since I don't have the cash to pay for it as of now. *sarcasm* I love decisions...

[Rayme]

When it comes to debts, there are good ones and bad ones.

House and cars are good one, you can get money back and sell either in case of emergency. (if its a new car though, the depreciation will bite you bad, its better to buy some years older cars).

Credit cards and students loan debts are the devil x999, they will bite you for a long time.

If you really want to go to college, get a part time job while you're there (I know its hard), or do like me, get a job and stay with your parent for free and save money to go to college, I did that one year and saved up 10 000$, its hard but so much worth it when you have 10 000$ less to repay.