Quote:
Originally Posted by ivi0nk3y
Well I dunno the estimated length of this crisis but we're not in the worst of it yet, me thinks.
Also, According to 'documentaries', banks are still giving students some silly overdrafts and free money. I dunno whether that indicates that banks are stupid or just that they rather invest in students because they are more worth it than a newly wed couple needing a mortgage.
Profit, Profit, Profit.
Anyway, right now are the rainy days you saved for. Hopefully it doesn't get any worse though.
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Im going to go with the Banks are stupid. Investing in a student at the moment is not such a good idea. With the economy the way it is and its going to get worse there is no guarantee that said student will be able to pay that money back and you dont know if that student will stay in school. Also, just because the student graduates you dont know if they will be able to find work after college its just not smart right now. Investing in a stable married couple with proven income is smarter. But Banks are about one thing as you said profit profit profit so they hooking these kids while their young.
Like said save for a rainy day or in this case save the many a rainy day. I have been putting all extra money into my savings after i pay my bills.