Topic : 01/02 Money Rescue: Extreme $pending

And now the porn industry wants a bail out.  Unbelie-e-e-vable!

I think this is a great message for everyone of all ages. American society is made to have an appearance of happiness within your family is a sign of material wealth. Meaning if your family has the nice house, car and things, you must be happy. I think parents hide financial issues from their kids, at many times even themselves. But when they hide their ignorance to money matters and spending, they don't teach their kids good habits. Next thing you know their kids are caught up in the same cycle. At 25 yrs old, college graduate, I felt helpless and financial debt sucking me in a hole I didn't know how to get out of it. Embarrassed, I hide how much I was in debt from my parents and next thing I knew I was $30,000 in credit card debit with  5 different credit cards, and the average APR on the cards were about 20%. It was a hole I didn't know how to get out of and too embarrassed to ask for help.

After finally sucking up my pride and a push from a very strong mom asking me to let her help me I am finally getting out of my debt. She helped take out a loan to cover my entire credit card debt with a lower APR so I was able to pay off the principal a lot quicker. Although I am forever grateful she has willing and able to help me, I realize how many more of those were in my same position and had no one to turn to. In my culture, Family, Food, and Finances are the most important things in this world. If you can, you help family even though it causes you to make sacrifices in your life to help another member and share the load. I have shared my story to some of my American friends and they would say, "Wow...my family would never help me like that". I think this is also a problem. Not only do people keep their finances under wraps, but when they finally give in to their pride, their family is not willing to help. I believe there needs to be more classes available for free to better educate our society on how to manage their money and have a turn in society to help each other with this problem. Maybe it will give hope to those that seem like their situation is hopeless.