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Published: Monday, Nov. 14 2011 10:46 p.m. MST

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Mom of 8
Hyrum, UT

I read this article and thought, Good for them!

These two young men have looked at the state of the country and the economy and aren't falling into the traps many of us have thinking that we can "get away" with getting into debt now and that magically everything will be better later. The hard truth is great jobs don't come, student loans can't be refinanced to lower interest rates (ours is at a shocking at 8.25%), credit card debt is debilitating and the stock market is not something to be trusted. My two oldest in college wouldn't be going without scholarships and jobs. They also refuse to go into debt.

I simply don't understand why we're still expecting the rising generation to follow the financial paths we did. It's obvious those paths are crumbling. Why is it so unusual to see young adults bucking our trends? We should be praising their forethought!

Personally, I'm just a tad jealous of them. I wished I hadn't listened to all the older adults around me giving me advice that has financially crippled us now. I wished we could have been as forward planning as these young men.

  • 7:12 a.m. Nov. 15, 2011
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carman
Wasatch Front, UT

Good for these guys. For too long, young people have assumed that they deserve a trendy apartment, a car, the latest mountain bike, a credit card to eat out with, and fashionable clothing. Debt fueled their wants for a few years, and even got them into nice homes on the benches. But that same debt came back to bite them when economic storm clouds gathered.

Having said that, it is important to not be penny wise and pound foolish. So stay away from big debt, but use it sparingly if it can help you boost your productivity and value in the marketplace. Also, lose the fear of investing. Blue Chip, dividend paying stocks, if accumulated slowly over time, are probably the best ticket to financial security you can find. It is not "get rich quick". And you have to ignore the constant gloom and doom predictions and market pundits. But the dividends accumulate and compound, and after a few years, you'll be surprised how quickly it adds up.

shaun_
SAINT GEORGE, UT

I hope people realize that the last 35 years wasn't a real economic boom but a boom brought on by borrowing. Unfortunately our money system is only designed for us to borrow more and more money or the country will fail.

patriot
Cedar Hills, UT

wow - I wouldn't want to sit by them in class - dirt, camp fire smoke and sweat. I would think they will be getting snow soon too - then what????

deseret pete
robertson, Wy

ONE BIG QUESTION for those who choose to live this way:

Who do they think is paying for all the " FREEBIES" That they enjoy ??? Being frugal is one thing but eating free and showering free ( like who pays For the water and who pays to heat the water and who pays for the room you shower in )and all the other freebies they are using is being paid for by someone else.If everyone did this it would impossible to make any thing work in our country.Maybe there is a free class they can take to help them see the daylight of reality.---- and is this really honest ---.

tom_e
Kaysville, UT

Good for them. As for deseret pete I do not any difference between their taking freebies and the thirty percent of society that live off the rest of us by not paying their share of taxes and living off food stamps.

*hi_there
Provo, Ut

These guys are pretty tough, but this is nothing new. I went to Utah State in 2002 and had a handful of friends doing the same thing. A documentary was made about them. The business of educating was getting out of hand before the rest of the country went into financial crisis. I'm glad these guys are trying to avoid debt as much as possible.

mohokat
Ogden, UT

The two men use on-campus showers, free lockers to store food and clothes and keep a schedule of events that serve free food on campus all in the name of debt aversion and saving a penny.

Lets see enjoying a taxpayer funded education. Free food, bath facilities etc. I always thought that was called MOOCHING!

TexasMom
Flower Mound, TX

I would have admired these young men more if it hadn't said that they shower for free on campus and know all the schedules where they can get free food. Being frugal is one thing, living off others is a whole other thing.

And yes tom_e, it is just like those not paying taxes or living off food stamps when they are physically able to work but choose not to. Nobody could live off of only working 12 hours a week without support from someone somewhere. I wouldn't have as much problem with the "freebies" they take if it said that they were working 20-30 hours a week and full-time students doing all they can and still can't make ends meet.

I don't mean to sound too crictical, I still do admire them for avoiding debt and unnecessary expenses, something many people yound and old alike don't understand. Maybe someday, with increased knowlege and their frugal ways, they will amass great wealth and give scholarships to future students like themselves. Now that would be awesome!

*hi_there
Provo, Ut

These two pay tuition to their school, which means that the lockers, showers and school sponsored events aren't technically free. Paying rent to a off campus land lord wouldn't increase their financial input to the school. They have every right to use those emenities.

mistletoe
Sandy, Utah

I'm really not impressed. Makes me wonder how they would support a family. One mentioned wanting to find a sugar mama? And this is something to be proud of? I believe they know how to use the system. Happiness means you work for what you get and not take from others. I hope they wake up someday form their so called "free-dom."

Ernest T. Bass
Bountiful, UT

Tom Joad
@deseret pete: Of course it's honest. The student's are paying tuition and fees. If the University wanted to charge an extra fee for use of the showers, they would and could.

RonKearns
COLORADO SPRINGS, CO

This seems a bit extreme and way out of the norm. But, kudos to them for not going into debt. They will appreciate that decision in the near future. In school, I held one or two part-time jobs and my wife worked full time, but we were able to afford a basement apartment and drove a little pickup truck that was held together mostly by rust. We had a great time, but it's a personal choice. You do what you can afford.

Today, I'm grateful to be in a position now to help my kids pay for school without them accumulating massive debt. They go to a school we can afford.

Bebyebe
UUU, UT

These guys aren't trying to support families. They're trying to get through college with no debt.

Kudos to them.

They will be able to support families in the future especially with no debts hanging over them.

NightOwlAmerica
SALEM, OR

tom_e said:

"Good for them. As for deseret pete I do not any difference between their taking freebies and the thirty percent of society that live off the rest of us by not paying their share of taxes and living off food stamps."

Nice to see you support living off society.
Eric is looking in the wrong direction. Don't look for a sugar mama. I have the perfect match for you, sugar obama! Its great, you don't have to work for a living, other than protest and complain. You are guaranteed a paycheck.
Well, time for me to work. Somewhere out there, a freeloader is taking advantage of my taxes.

USAlover
Salt Lake City, UT

If the Millenials practice this philosophy en masse, then there is hope for our country.

San Diego Chargers Fan
San Diego, CA

I always dreamed of living up in the canyon while I was a student at BYU. I almost did it. However, then I made the a move that would forever change my financial obligations -- I got married and had kids. No living in a tent for us now, unless we go camping as a family.

AZJazzFan
Gold Canyon, az

I travel that way, living out of a tent instead of 40 bucks toward Motel 6 or whatever. I have slept in a car instead of paying for a hotel. But . . . to live this way full time? What about hygiene? Credit Cards get a bad rap, if you are responsible and pay off the balance then you get zero interest, cash back, rebates, and free accounting. There is a difference between being frugal and simply cheap, smooching off others.

deseret pete
robertson, Wy

When I was in college my tuition didn't cover a place to shower and free food.
And i don't think it is honest or right to do so.If all students did what they are doing some thing would have to change fast to stay in business. But then we could ask the taxpayers to come up with more money to support the state schools.Maybe they don't need as much as they think if tuition covers food and other so called freebies that most hard working students provide for themselves.Nothing is free--- some one some where has to pay.Each of us has had our struggles to save and get by as cheap as we can, especially in hard times, But to do so at the expense of someone slse is not right unless that someone else gives you permission to mooch of them.

Sandy
Salt Lake City, UT

My brother lived in a tent on the Provo River in the 1970's while a college student till he was cited for illegal camping, and in the 1980's my husband found a little used back stairway in a college building to set up digs for a few months, till he was discovered and asked to move. There isn't much new about this type of thing, especially among males.

And there is certainly nothing new about college students not saving or investing. Since when did we expect that?

All that's new here is Facebook, the internet, and the ability for people to broadcast their experiences.

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