are all your friends in credit card debt?

Grownkid

Grownkid & Joy Coalition

Mental Health, Health & Fitness, Society & Culture

4.8 • 4.3K Ratings

🗓️ 10 February 2025

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are all of our friends broke and in credit card debt or are they actually just that wealthy? We talked with young adults with various degrees of credit card debt to figure out how they found themselves in debt, if they have a path out, and later, bring on a financial therapist to help us understand our relationship with money. We explore the underlying psychology behind impulsive spending, the nuances of consumerism, and gain valuable tips on fostering money self-control. Additionally, we dive into the art of budgeting, offering practical advice to empower you in making informed financial decisions and securing a stable financial future. SOCIAL LINKS Instagram: https://www.instagram.com/grownk1d/ TikTok: https://www.tiktok.com/@grownkid Podcast: https://open.spotify.com/show/3C6oJYFLbesR2ELhXIk7dz?si=6acdcba455dc4323 JOIN OUR SOCIAL CLUB: https://form.typeform.com/to/eBSho4lE About Our Partners: GrownKid is made possible by the Schultz Family Foundation, dedicated to helping young people unlock their full potential and successfully navigate to fulfilling careers. GrownKid is made in partnership with Joy Coalition where purpose driven content meets powerful storytelling. From 13 reasons Why to unprisoned, Joy Coalition projects are made to bridge generations and drive groundbreaking conversations. Interested in a career in mental health? Check out the Youth Mental Health Corps – a new program created by the Schultz Family Foundation, Pinterest and AmeriCorps - where anyone with a high school degree can gain experience, skills, and a credential during a year of paid service in the mental health field. Learn more at youthmentalhealthcorps.org Featured Guests: Aja Evans: ajaevanscounseling.com, Licensed mental health counselor specializing in mental health and financial wellness. Order ‘Feel Good Finance’ out on 12/3! https://www.penguinrandomhouse.com/books/759700/feel-good-finance-by-aja-evans/ Resources: Young Invincibles: Empowers young adults by particularly focusing on issues such as healthcare access, higher education, and financial health. https://younginvincibles.org/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's episode is for the grown kids who are trying to figure out how all their friends just keep going out, buying food, buying new clothes without going into debt.
0:07.7	The ones that want to manage their money better, but don't know where to start, and honestly just the ones that want to be financially free.
0:13.9	So we'll be diving into the reality of our friends' credit card debt if they're broke or if they actually just have money and stable jobs.
0:22.2	Or a trust fund.
0:23.2	Or a trust fund.
0:24.2	Also a possibility.
0:25.2	And really just explore the psychology behind impulse spending and consumerism because
0:30.7	Gail and I have both fallen victim to it.
0:33.1	And to guide us along, we'll be joined by a couple of other young people that have fallen into
0:36.6	credit card debt, whether it be through student loans or just spending more than they should.
0:41.3	We'll also be talking with Aja Evans, who is a board certified therapist, speaker, and writer
0:46.2	who specializes in financial therapy, which we definitely could use a little bit of.
0:51.2	So let's get into the episode.
1:09.5	Hi, everyone. Welcome to Grown Kid. I'm Gail. And I'm Kayla. And we're just two 20-year-olds who feel like grown kids and don't really
1:11.5	know where our life is going or if we're even prepared for it or let alone how to plan for it.
1:17.1	So that's why we decided to make this show, a podcast where we'll be exploring the career and life
1:22.0	issues that we're experiencing as we transition from being teenagers to young adults.
1:27.0	And throughout the episodes,
1:28.3	we'll basically help you get your shit together by talking with experts and researchers who
1:32.5	give us actual advice and tips to just help us navigate this really stressful and confusing time.
1:38.0	Anyways, welcome to Ground Kid.
1:43.1	Grown Kid is made possible by the Schultz Family Foundation, dedicated to helping young people unlock their full potential and successfully navigate to fulfilling careers.
	...

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