"Teen Learns From Credit..."

http://www.npr.org/templates/story/story.php?storyId=101082178

Jenna Jakowatz

This discussion that was brought up by Jenna was not only interesting but also frightengly true. It seems that a lot of people in the earlier generations of us are spending money with no worry at all and then can not pay for the things that they need. Seeing this problem of spending in the earlier generations and now pointing it more out so it is in the open, really makes us see what we must do. That is that we must cut back on spending and start watching our wallets and get out of debt so we can get out of this financial recession and problem.

My Own Experience:

This economic crisis has effected me and my family greatly, from budget and buying cuts, living changes and everything else in between. My dad is a Plumber, and not roto rooter, a commercial and new construction plumber, and a hard working one at that. Now, this crisis landed him in a dead end for about a month and a half to 2 months where there was absolutely no work, meaning no money coming in; only the money from my step-mom. We ended up moving into an apartment right around this recession crap. Now it doesn’t sound bad but with 7 people, one being a baby, in a two bedroom apartment, all I can say is that it can get chaotic and cramped. This same recession really cut us back to trying to get money for the things that we need, not even for luxurious things that we used to get. Now that I drive too, I have really started looking at where I drive to and if it is even worth it. This recession has even affected me directly with my fun status and has given me problems with having a blast on the holy days that we as teenagers know, Friday night and Saturday and early Sunday.