Persuasive Essay On Spending Money

When you make any charges on a line of credit you will be subjected to interest rates that can increase your debts steadily over time. This debt can creep up on you without knowing too.

Student loan has been skyrocketing since 2006, and it keeps increasing each year. To make

“As you grow older, you will discover that you have two hands- one for helping yourself, the other for helping others.” – Audrey Hepburn.

Because of the nation’s national rising debt, student loan forgiveness has been a significant topic of debate because of how much it can affect our nation’s debt and doesn’t always help the student. Student loan debt is one of the highest debt causes, but sometimes we forget that we are the ones that sign the line on the contract to be in years of debt. This is because we value our education. But this does not mean that just because we can’t find an amazing, high paying job right out of college that we should have our loans forgiven. We want the easy way out of something that isn’t easy, so why should the government pay for our debt? Yes, college is very expensive and that is the governments fault, but again we are the ones that signed the line on the loan papers. (Sam Adolphsen, 583)

Student loan debt is becoming more and more of a problem as time goes by. Evidentially, it is only its interest fee that student loan debt is becoming known for. According to Student Loan Hero, “Student loan debt is mostly for four-year or graduate degrees (“Student Loan Debt”). Student loan debt does have effects to people’s lives, but only because they allow it to build up from not paying it. Student loan debt is not something people has to live with, but it is what they choose to live with it can be taken away nothing is permanent. Most people do not understand what Student Loan Debt really is, and the confusion it brings in people’s lives need to be distinct; this problem can simply be done by colleges protecting students from going into debt, and loan company’s should allow them eight years after graduation before putting them into debt.

In America today, the student loan debt crisis has reached an astonishing 1.2 trillion dollars in debt, making it the second largest source of debt in the United States, according to forbes.com. This is due to the cut to funding colleges, which used to be 7,000 dollars for each student and after 15 years is now 4,000 dollars for each student. There are solutions that could unquestionably lower student loan debt: colleges could stop competing to have more useless luxuries, take a certain percent out of the students income until it is paid off, and more of students’ parents could take the loan and not their child. While there is no perfect solution to make this problem go away (that we know of), there are ways we can lower the astounding amount of student debt in America today, even if it is just a small piece of it.

Third, a college degree is not the best option for everybody because it creates debt. College isn’t cheap and various colleges across the nation are raising their tuition up because of the availability of federal of student aid. Therefore, this results in an increasing amount of debt for many students. Many students are struggling to pay off their student debt. According to article Student Debt Tom Price states, “A majority of college graduates are leaving school owing more than $25,000, and nearly 7 million have defaulted on their student loans—student debt nationwide totals almost $1.3 trillion”. That is roughly half of the nation of college graduates who owe back student debt. Tuition is so high that many students cannot afford to pay it. Therefore, they have to take out student loans and although a person may have a full-time or part-time job it is still harder to pay back the loans on time. For example, Jasmin Johnson explains how she owes more than $65,000 in student debt, and she’s still a year away from graduating. Tuition is so high that many students cannot afford to pay it. Johnson explains “she couldn’t afford the cost and to keep up with her studies while working full time to pay her bills”. For this reason, we see that it is a burden to pay back student loans while maintaining other priorities. Eventually, this leads to debt. There has been a high percentage of college students who cannot pay back their students loans. According to Bridget Terry Long essay, she states, “we have reached an enrollment level in which a small percentage translates into thousands and thousands of students each year. And that is a problem that cannot be ignored.”(46) She points out that not enough people make enough money to afford college. Therefore, many people can’t pay their debt back and there should be action taken against this so that college can be affordable for everyone. As the cost of tuition, fees, and room and board increases then students will have more loans to pay. According to the article Student Debt, the chart displays that nearly “10 percent of universities have increased their tuition of $20,000 or more. Debt has become a big issue for every college student. It results in other issues such as,

Being an athletes is one of the best-paid jobs on Earth. Being that they are paid so much the cost for the consumer is very high. The prices of tickets and sports memorabilia have been steadily rising over the years. The average ticket prices for the NHL, MLB, NBA and NFL all rose 5% to 10% this year, according to Jon Greenberg, executive editor of Team Marketing Report. (Mihoces).

Michael Jordan once stated, “Obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out how to climb over it, go through it, or walk around it.” This inspirational quote motivated many to overcome adversity when challenged by it. The texts, Speak by Laurie Anderson, “Third and Final Continent” by Lahiri Lahiri, and “The Art of Resilience” by Hara Marano, all have themes similar to Jordan’s quotation. All three articles support this through symbolism, foreshadowing, and character interactions. A common theme that one must stay resilient in order to overcome challenges while also staying level-headed during the positive and negatives is shown in Speak, “The Third and Final Continent,” and “The Art of Resilience.”

Who says no to free money? Well, apparently the Swiss do, and the reason why, may surprise you.

Personal debt in the United States in quickly on the rise, leaving more and more Americans struggling with ever rising high interest debts. If you are one of the millions of Americans living paycheck to paycheck, there is help available to you. A debt consolidation loan may be just the help you need to reduce your monthly bills and begin working toward total and permanent debt elimination.

Saving money is an important part of your financial health. The more you save, the more you can feel at ease whenever a rainy day might hit. You cannot predict the future but you can prepare for it. If you prepare now, your future self will thank you. But how can you save if you have so many bills and only one stream of income? Here are some tips you can use to rack up that account with a single income.

Why spend money that is really needed for other things? Why live uncomfortably? Why be trapped in this hole called a home that belongs to another person? Why not live free and peacefully? When a person rents he or she usually throws away money that could be used to purchase something that belongs to them. Money is not easy to come by so why pay out hundreds toward something that is not benefit to the person paying it out. There is no good explanation for making a decision like this. The best option in a situation like this is to buy a house. Buying a house is a better option than renting an apartment.

The happiest experiences often involve people we care about, and thus taps into human beings’ greatest source of meaning”(Moeller). When you spend money on trips you make some memories that you will most likely remember for a life time. Memories that a person can look back at and think about. Memories that can bring a smile to your face. All of these memories you get from taking a trip basically come down to some money you invested. Investing money to make memories that will make you happy is worth it because people just don’t forget memories. Memories are priceless, they can never be taken away from you. This is just one example on how money can bring you happiness.

In 2016, an accumulation of almost 1.4 trillion dollars of student loan debt was outstanding in America (Kess). Students from all over the nation, and the world for that matter, are going to higher education without the financial ability to do so. One of the few options for financial aid available to these prospective college students is to take out student loans to pay for the high tuition of most universities and colleges. While these loans are a modality for attending higher education, they often come with strings. Along with being several thousand dollars in debt, interest also accumulates into the total amount of the owed financial total. Until these loans are repaid the interest keep accumulating and the debt grows. With debt still affecting students negatively well after they finish their higher education, the price of college tuition should be abated.