Tuesday, May 11, 2010

Is most teenagers around my age in debt ?

see i am 20 years old and im in debt with school tuition. i pay for food, rent, car, insurance. how much do you have saved in savings. people around 19 to 21 how much money do you have and whats your situation only true answers please. Is most teenagers around my age in debt ?
Most 20 somethings don't have money in savings and use what money we do have just to get by day to day.


You can't be expected to have all that much in savings, after all you are only 20!





Stop worrying, debt is a part of life and especially with your situation where you are studying.


Try to take each day as it comes because sometimes that is all that can be done!





When you finish studying then you should be able to get a good paying job and then you can start repaying your debts and trying to save for the future, until then focus on the present and your studies.





If you keep worrying yourself then you will not be able to focus on your study then all the tuition debt would have been for nothing!








Good luck and I hope I have helped.Is most teenagers around my age in debt ?
i'm 21, have about 20k in student loans, which include room and board, and health insurance. car is paid for, and i get a stipend from a scholarship to give me spending money (i only really work during the summer).





the student loans are my only debt. i have a few thousand dollars in checking/savings accounts, and i also have a Roth IRA, which I was lucky to get an early start with. basically, most of the money that I have is money that I can't get to.





i don't really worry about student loans, though. the diploma that i'm getting is well worth what i'll have to pay for it when i graduate. i think almost anyone who is going to college will graduate with debt, and i don't think there's anything wrong with that.
Your average 20 year doesn't have anything in savings. You need to be making a good bit more than your expenses to even save anything.

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