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Get It Under Control

In:

Submitted By BabyZ02
Words 1343
Pages 6
Anne E. Zionskowski
English 111 – M/W – 5:30–7:30pm
Project #4 – Final Draft
December 9, 2007

Get It Under Control!

What is a normal way of life? A life with a 30–year mortgage for $150,000 or more, $75,000 worth of student loans, a $27,500 vehicle loan, plus $20,000 in credit card debt; wondering if you will ever pay everything off and still be able to retire at a decent age? There has to be another way. There is! Pay with cash! Ditch the credit cards; say goodbye to student loans; forget about the vehicle loan, maybe even eliminate the mortgage! Some of the problem perhaps lies with how children are being educated. How many high schools actually offer finance-orientated classes? This type of class is not mandatory but it should be. To the best of my knowledge, Grand Traverse County does not require it. If the children were better prepared to handle finances, and understood what lay in store for them once they graduated; they would have a great advantage. “Train up a child in the way he should go, even when he is old he will not depart from it” (Proverbs 22:6). The children would know how to budget for themselves. They would know how much money is being paid, how much is being saved, and most importantly, what they could afford to purchase. They would not fall into the abyss of credit. They would not need to get a fancy credit card just to feel like an adult. The rich rule over the poor, and the borrower becomes the lender’s slave (Proverbs 22:7).

Government officials are being more stringent on credit card companies; stricter guidelines for soliciting on college campuses is just one example. In fact, some schools are prohibiting the companies from soliciting on campus altogether, however the companies just set up adjacent to the school property to promote their products and ‘services’. Many schools have rescinded the right

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