Buy Now, Pay Forever
Pop quiz: What exactly is the problem with credit cards?
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Generation Debt, and other writing by Anya Kamenetz
DIY U: Buy it Now!
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About The Author
My new book, DIY U:Edupunks, Edupreneurs and the Coming Transformation of Higher Education (buy it here), will be published by Chelsea Green in April 2010. I'm a staff writer for Fast Company Magazine and the author of the book Generation Debt. I've written Generation Debt columns for the Village Voice and as a featured Yahoo! Finance expert. I've also written for publications ranging from the New York Times to ReadyMade magazine and Mental Floss.
I live in Brooklyn with a phenomenal husband and an amazing cat.
I travel and speak fairly often. Upcoming dates are:
3/12-3/16 South By Southwest Interactive festival
4/11 Vox Pop bookstore NYC
4/21 Bluestockings Radical Books, NYC
5/4 Octavia Books, New Orleans
5/17-5/18 Carter Center, Atlanta; TEDx Atlanta conference
6/7-6/10 Sustainable Brands conference, Monterrey, CA
Contact Keppler Speakers if you want me to come to your town!
Email me at a kamenetz at fastcompany dot com.
I live in Brooklyn with a phenomenal husband and an amazing cat.
I travel and speak fairly often. Upcoming dates are:
3/12-3/16 South By Southwest Interactive festival
4/11 Vox Pop bookstore NYC
4/21 Bluestockings Radical Books, NYC
5/4 Octavia Books, New Orleans
5/17-5/18 Carter Center, Atlanta; TEDx Atlanta conference
6/7-6/10 Sustainable Brands conference, Monterrey, CA
Contact Keppler Speakers if you want me to come to your town!
Email me at a kamenetz at fastcompany dot com.
Good Links
- American Prospect Blog
- Barbara Ehrenreich
- BlogHer Personal Finance
- Brazen Careerist
- Campus Progress
- Credit Slips (Elizabeth Warren, etc)
- Debt Bloggers
- Employee Evolution
- Entitlements Research
- Freelancers Union
- Gen Y Financial Freedom
- Generation Debt Dot Org
- Higher Ed Watch
- Inside Higher Ed
- Journey to Financial Freedom
- Student Loan Justice
- US PIRGs Higher Ed
Blog Archive
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2007
(220)
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October
(21)
- And Here it Is...Distance Learning
- The Real Student Debt Problem
- The New Face of Retail
- Young People's Political Power
- Michigan Report
- Socialist Whiner Strikes Again
- Public Tuition and Private Loans are Up,Up,Up
- First Boomer Applies for Social Security
- Generation Debt: The Gawker Version
- Moving U.P.
- 20something Trend: The Medical Charity Party
- Bryant Park Project
- Hillary's Higher-Ed Platform
- More Dirty Tricks from Private Lenders
- My Favorite Comment About Feminism
- Yahoo Column: Women in Generation Debt
- Mr. Moustache is "Baffled" by the Youths
- Sallie Mae Sues
- Hillary Clinton on Higher Ed
- 20something Life, City by City
- Ending the Plight of the Perpetual Student
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October
(21)
4 comments:
I am absolutely floored by the angry comments, on Yahoo, about this article. I can understand if maybe the article doesn't speak to everyone, after all, not every article can. But the responses from people just defy logic.
Which means, an article like this is exactly what people need!
Keep up the good work!
I don't understand why this is a problem. "You mean I have to pay for what I buy?". I was in college not that long ago and I chose to work my way through school without a credit card. I ate a lot of Ramen and drove a crappy car (which I still drive). Those that are suffering now deserve their fate. Period.
I noted the student who got stuck with the minimum payment problem. Today, most credit cards offer web site with notification services of pending payments, pending payment amounts and most notably autopay. If the student had set this up, they would have known the payment was changed and made sure there was enough in the checking account to make the new payment.
Do the math. Most people don't even do this.
Don't buy what you can't afford.
I went through college living frugally. The people who have debts didn't.
I don't feel sorry these people. It's not anyone else's fault but their own.
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