I think there is a DIRE, no HUGE NEED to include a basic Financial Literacy Class in every high school in the U.S. It is unfortunate that within the current educational system you’d have to be a business major while attending university in order to have access to a Financial Literary class (or classes). Hell, the university I am currently attending should get rid of that stupid “Welcome to College” 1-credit class and replace it with that.
My friend made the huge mistake of trusting her then-fiance enough to sell her car in order to help him buy a new car and share ownership of such vehicle. After the engagement ended, both her and her ex-fiance are trying to see who will buy the other out from the car. NOTE: The car is not-fully paid, so they are both still on the hook for the monthly payments.
Why is this making my head explode? Because:
1- I advised her NOT to sell her car in order to help her ex-fiance out. This is taking into account her current financial situation, mobility issues and the fact that access to public transportation is a pain-in-the-ass.
2- The ex-fiance has a 30 minute commute and works full time. My friend is a full-time student with no part time job. Guess who will need a car the most?
3-They both had cars that STILL WORKED. His car was fully-functional (but a few years old). His car was the same model as my current 10-year-old car that has NO PROBLEMS WHATSOEVER. Her car was able to take her from point A to B but not able to endure longer drives. Her car was able to take her to school and back because she lives 10 minutes away from campus. I use the past-tense because they both sold their cars to buy a new Hybrid car they are forced to share (for now) with shitty car payments because they both have shitty credit.
Helping pick up the pieces
So far, I am helping her the best way I can:
-Helped her apply for food stamps (she won’t hear anything about it until JULY 😦 ).
-In case she can’t go to where she needs to go, I can give her a lift (within reason). I can’t skip any Calculus classes for her sake. Because it’s UNIVERSITY LEVEL CALCULUS!
-Helping her find part time work. The irony is too bitter and not worth repeating.
-She has access to the university’s food pantry offered to students. As least she won’t starve ( I hope).
What I CAN’T DO:
-Lend money. It’s more like GIVING MONEY in her case. Yes this is harsh but there is a reason why she has shitty credit. Not to mention Cutie would crucify me for it.
-She can ask her parents for money. Whether they will help her out (again) is up to them.
Love is trusting someone, but be aware of your own footing
This sounds harsh, but as I have stated before, we women have the HUGE luck of outliving the men in our lives and our current situations. I am conflicted about my friend’s situation because I also know women who completely trusted the men in their lives and such trust has paid off for them. But even so, having a backup plan (or even playing Devil’s Advocate) may label someone as paranoid and selfish but it is part of human nature to try to look before jumping into ANYTHING. I know for a fact that someday, the unexpected can happen to me and to all of those women and we would find ourselves trying to swim to some nearby shore. The unexpected has happened to my friend and I am bitter about it.