A DEBT TO OUR KIDS.

• Date: 01 August 2022
• Author: Farsad, Negin
• Published date: 01 August 2022
• Author: Farsad, Negin

Financial education is something every child should learn about, but the adults don't talk openly about it; you know, like sex education. I graduated high school knowing very little about having a bank account (and thanks to sex ed, I knew a little bit about how babies are made). Saving money was rarely part of lunchroom conversation, how credit cards work was never mentioned, and whatever the "stock market" did was a mystery.

In college, I was one of those kids who could be easily targeted by credit card companies for scammy credit cards. And targeted I was! I racked up a hefty debt of over $5,000 by graduation. Little did I know that the low interest rates balloon after a short period. By the time I started to earn (very meager) money, I was swamped with more credit card debt than my wages could cover. Then I stopped earning (very meager) money and went to graduate school, where the debt kept growing.

It took me years to get out of that...