My Debt.
–$28,342.58
My name is Jon.
I am 26 and need to do better with my money.
I haven’t always been this bad with money, but the cracks starting showing up early.
I got my first credit card at 18. When you only have a $400 credit limit, it’s easy to think you will never fall prey to debt. Fast forward 8 years and that $500 turned into $50,000+.
So, here I am, trying to do this publicly. I know people have done this in the past, but there are still a lot of people that feel stuck and alone. I’m just here to remind myself and others that we are not and it’s never too late.
Join me in this journey. Dive into my financial mistakes with me and maybe even learn a thing or two from them.
What is this project?
Pay off debt. Keep it off.
That is the whole point of the project. I am not asking for money from anyone. This is a 100% solo journey, I just want to share it with the world to help foster constructive conversations around debt, especially for young people. I’ll be posting mostly on TikTok and Reels, but I’ll be updating this site as I go.
Why do it now?
Gen Z’s new taboo.
There is something strange happening, I’m sure you’ve noticed the articles, news coverage and broadcasts about Gen Z’s spending habits. There are countless, but the material goes beyond the typical “young people are lazy” schtick. They are all taking about how Gen Z has no idea what the flying f**k we are doing, even less so than Millennials.
The facts about Gen Z and our money.
70%
say they feel behind compared to people on social media.
(50% in the general population)
We feel alone.
69% of Gen Z wants people to be more open about finances.
(57% in the general population)
We feel hopeless.
66% of Gen Z don’t think they’ll have enough to retire.
(58% in the general population)
We value life more.
73% of Gen Z wants a better quality of life more than extra money.
(70% in the general population)
Source: 2023 Prosperity Index Study by Intuit
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