Sunday, January 15, 2006

This shouldn't be news to anyone, but many 20 and 30 year olds are having a hard time financially. This Christian Science Monitor Article details the struggles of various young couples to pay for housing, student loan debts, credit card debt, and groceries. A few lines caught my eye.

Even an Ivy League education is no guarantee of instant financial stability. Jeffrey McDaniel graduated from Dartmouth and his wife, Meghan, from Smith. But in 2002, as they began paying her graduate school tuition and their wedding bills, they did considerable belt-tightening.

Ivy League? If you can't afford it, go somewhere cheaper. I had an school-teacher roommate who had to gone to a $20,000-a-year-tuition college, and was really hating trying to pay back $80, 000 of loans on a teacher's salary. She honestly admitted that she regretted it.

Wedding bills? Aaagghh. Why do people go into massive debt for a wedding? Perhaps it's because at least once a year, the media reports on how the "average" couple spends $19,000 on a wedding (or whatever the current figure is). What kind of insanity is this? Instead of worrying about what everyone else does, people should throw a wedding they can pay for.

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