debt

my second paper was over personal debt. I talked about the different problems that come with having debt and getting into debt. some of those ways are that people seem to not know how to control their income with their spending habits. another problem with debt is the media and how they promote spending and not saving. It seems that in the U.S everyone wants to have the new and most expensive toys over the next person. Another way people seem to get into debt is by the personal loans that they take out and can not afford to pay back. one of the biggest factors in debt are credit cards and how easy they are to get and to spend. I also talk about some of the ways you can find help and to get out of debt. The problem that i am trying to anwser is why are we not educated in school about personal financing.We are eductated in many different feilds and we use this throughout our entire lives. The solution i propose is that it should be maditory in schools all the way through basics in college that you have to take personal financing classes. I think this will start educating people and slowly start decreasing the amount of debt people get into.