6 personal tales of bad financial decisions

Buried under a pile of debt
Buried under a pile of debt © jason cox/

"When I was a carefree bachelor stationed in Germany, I lived life to the hilt. I traveled a lot. I went out a lot. I charged a lot."

That's how Jason Hull of Crowley, Texas, describes the time he had overseas in the U.S. Army. Returning to the U.S., he sold his car, bought a new one with cash, and used the rest to fully pay off his credit card debt.

But 18 months later and one semester into law school, he had amassed a five-figure credit card debt. A confession to his soon-to-be fiancee, who stuck by him, "gave me the impetus I needed to stop the madness and arrest the slide," he says.

Now he helps others from making bad financial decisions. Hull is a practicing financial planner who is nearing completion of his Certified Financial Planner professional certification. "Few reliefs are as great as the feeling of having the burden of debt lifted from your shoulders," he says.


Show Bankrate's community sharing policy
          Connect with us

CDs and Investment

Can heirs cash an old trust?

Dear Dr. Don, The youngest of 6 children, I am 48 years old. My father joined the Navy at 22. In Italy, he met his bride and my mother, and returned to the U.S. to raise our family. In 1959, he bought a trust certificate... Read more



Stephen Pounds

Are you dancing in the market with Tina?

Investors triple-teamed the market, boosting the Dow Jones Industrial Average (18,613.52), the benchmark S&P 500 (2,185.79) and the Nasdaq (5,228.40) to new records at the close Thursday  ... Read more

Connect with us