Getting $40K into debt by age 22

What is a “smart” financial choice? And how can an 18-year-old know what’s “smart” when making decisions that will impact them for years to come?

In this episode, Karisa shares how she got into $40K of debt by age 22. Here’s what you’ll hear:

  • The various debts Karisa took on at a young age
  • Her plan for being in debt long-term
  • The psychological differences between ‘loan’ and ‘debt’
  • What she wishes she had known when she was 18

Karisa shares that, “Most of my friends were in debt, and had to take out loans to pay for school. It felt not normal if you weren’t in debt.”

-Chi-En and the Goodbudget Team

P.S. What do you think about debt? Is it normal? Should we strive to change our financial situations? Let us know in the comments below!

Show Notes:

Music credit: Puzzle Pieces by Lee Rosevere

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