Why do people take on so much debt?

we've sadly seen a number of very well respected privately owned businesses close in recent years b/c the owner operators could not find buyers nor had anyone within their families that were interested in taking over. these were incredibly well regarded with tremendous reputations but involved specific skill sets that just are not that popular for younger folks to go into and gain the skills to work within let alone run. as I see the owners aging up but continuing well into their 70's with other businesses we utilize I strongly suspect we will encounter the day in the not too distant future when they too close up shop :guilty:
There is a story in the news here today about a flower shop closing after 74 years. Same owner all this time, and she is 96 and still active in the business. But when her daughter died a few weeks ago at age 74, she said she knew "it was time"
We had a very popular restaurant close 2 years ago that had been under the same family ownership for 87 years.
 
People actually BUY water bottles? We have about 20 on the shelf, after taking about that many to Goodwill. All swag given to us by employers, University alumni associations, our electric company, home improvement companies.
I worked for one company for 16 years that had 6 different corporate owners in that time, and every time we got sold, we got a new water bottle with the new corporations name on it.
I was thinking the same reading through the thread. We purged an entire bin of old ones last year that were gifts from suppliers and employers. Seems like those replaced the coffee cup as the go-to gift.
 
You don't need six of them. Or if you stop buying drinks out (which you probably don't need either) you don't even need that. That's my point.
I drink gallons of water a day (but I’m home a lot so just use a glass), but my kids bring them to the gym, classes, pretty much everywhere. What drives me nuts are dorm dwellers with cases of water. How much water do you drink each day? Should be at least a gallon.
 
I was thinking the same reading through the thread. We purged an entire bin of old ones last year that were gifts from suppliers and employers. Seems like those replaced the coffee cup as the go-to gift.
Oh, we have some of the coffee cups too, not counting the ones we gave to Goodwill. Of course, I Produced a Morning Newscast where we asked local businesses to send in a coffee mug with their logo on it and the weather guy would mention them and show the mug on the air. A few of the more interesting ones made it home.
 
I drink gallons of water a day (but I’m home a lot so just use a glass), but my kids bring them to the gym, classes, pretty much everywhere. What drives me nuts are dorm dwellers with cases of water. How much water do you drink each day? Should be at least a gallon.
Yikes. Drinking gallons of water a day is putting a huge strain on your kidneys. Be careful!
 
Some people get stressed over debt. Some do not give one hoot what their debt is.

I'm no spring chicken and the way I see it is this: the middle class is shrinking and the disparity between living very well off and living by scraping by is widening at a continuum.
 
You mean things like an entire year worth of bs general ed classes & make you a better person classes that American academia specifically loves? Because yup. Waste of dough that but if you don’t pay you don’t get the degree. Rest of the world doesn’t put up with that nonsense and it shaves a year off their undergrad.

I’m glad your kids found/are finding paths they fit better in, it’s such a detriment to our society that these paths are not emphasized as equally as college :(
I know this is an old post but I was just reading through this thread and wanted to share my "thrifty" tip on college. CLEP tests! These are subject-matter tests made by the College Board (same people who do the SAT and AP). Many colleges will accept CLEP tests as college credit for general ed classes, just like they accept AP tests. Each CLEP costs $90, but learn.modernstates.org will give you a voucher to take each test for free. Modern States is open to everyone and is designed to give everyone a free year of college. My two kids both saved a year's worth of tuition/ room and board and started college with sophomore status because of them.

The advantage of the CLEP tests is that my kids didn't have to do any official school work (like AP or duel enrollment classes) to get the credit. And they got to bypass gen ed classes that they would have felt were a waste of time and money. They used a CLEP test practice book to see how they would fare before taking the tests and watched YouTube videos like Crash Course to brush up on things. Most colleges require a score of 51% or higher to pass.

If your child doesn't pass, you can re-try in 3 months. Modern States will give you another free voucher for each test to try again. They will also reimburse you for testing fees. The tests are usually administered at your local community college several times a month. Modern States also offers free online courses in each subject. You have to answer the questions at the end of the online course to get the voucher. However, you don't have to actively read/ watch the lessons unless you want to.

Duel enrollment classes are another great way to save on college-a lot of high schools cover the costs for the college class. AP courses are good, too, but they are a lot of work and stress for students. If students don't score a 3 or higher on an AP test, they don't get the credit even if they had good grades in the class. Whereas, if they had taken the duel enrollment class, they would have gotten the credit. If a child doesn't pass the AP test, he or she may be able to "make up" the credit by taking the corresponding CLEP test.

Sorry for the tangent but I feel like everyone should know about Modern States and CLEPs.
 













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