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Graduation Speech: The Red Pill

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You take the blue pill, your credit crashes, you get denied to live at an rundown apartment.
You take the red pill, you are trusted, given access to benefits you earned by on time payments and you are able to see how wonderful good credit can be.

After taking the red pill I am pleased to share with other students and peers that being financially responsible is more important than most know and it is easy to obtain. For starters, to be a valid source I am going to be transparent with my financial situation and share that as of today I have a seven hundred and eleven credit score as a twenty four year old college student. I follow three simple steps to be financially responsible and if you do the same, your credit and future mortgage payment will thank you. …show more content…

This may sound overwhelming to deal with but it is plain and simple. I work at a retirement home/hospice and make eleven dollars an hour. If I'm working twenty four hours a week (part time) I will come home with a monthly check of about one thousand and fifty six before taxes. With this amount I am able to pay my two credit cards, student loans, room and board (rent), and still have money left over for food and gas. My credit cards help save me with an extra cushion if less hours at work are available. Just knowing how much you make and spend is a crucial step in staying on top of your finances.

The next easy step I take to be financially stable is making on time payments. Most companies offer minimum payments that start as low as fifteen dollars and a month grace period if you pay late. While paying late is a fifty dollar fee, you do not have to worry about your credit score dropping. Making payments on time may seem like a challenge task, especially if you have a jam packed schedule like I do as a computer science student, but with the next step it is possible for

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