By Justin Chan
Growing up in a low-income Dominican household in Brooklyn, Yanely Espinal learned very little about managing her personal finances. Her parents didn’t own bank accounts and relied heavily on government assistance.
Though she attended Brown University on a full scholarship and worked multiple jobs on campus, she took out loans to study abroad and graduated with nearly $10,000 in student debt and almost $4,000 in credit card debt.
“I started to feel like I had some income, and, therefore, I could spend on my credit card,” Espinal recalls. “I started swiping everything and anything. I just was out of control.”
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