I went to the FYE Success Series Jumpstart Your Finances. Going into college, Peter Bielagus had a lot of money to spend, but as his party days went on he found himself in debt. He talked to us about how he got into that position, and the actions he took to get out of it. First he began reading about debt and and how to get out of his situation. He was completely debt free by graduation. He began by telling us that we needed to increase our credit score, and that we needed to check it. He said there have been several cases where things have shown up on someone’s credit report that are false. He also gave us a list for us to do:
1-fix mistakes
2-pay off debt
3- establish history (www.prbc.com)
4-stop applying (www.optoutprescreen.com)
5-don’t cancel credit cards your using
6-be listed as a authorized user on someones credit card that is reliable and debt free
Then you have to start with the lists and ask yourself where is all of your money really going to…
What do I want?
-car
-gradschool
-house
What do I not want?
-brand name tissue
-brand name trash bags
What am I actually buying?
-Starbucks
-Marlboro
-Budweiser
-Krispy Kreme
By making these lists this will help you see where your money is going, and the areas that you need improve on spending your money in. Peter is well known, and has spoken to many different ages. I think that he helped me realize that debt is real and it can ruin your life. He gave us a web site (www.petesendmefreestuff.com) to keep in touch with him. I really enjoyed his respentation because he was funny and kept my attention the entire time. He even gave away free money but I didn’t want to volunteer! :/ BUMMER! However. I did learn a lot and hope to NEVER be in debt. By listening to his stories it makes me want to stay away from ever putting myself in his position.
I got messy wit hmy burden of credit card debt. Could you give me some advice for beat it. Thank you