Spent: Looking For Change Summary

Spent: Looking for Change is a documentary about normal Americans who do not have bank accounts or do not have access to traditional financial services. Instead the people in the documentary would rely on cash and checks and would also go to alternative financial services, like check cashers where they could get their money right away, pawn shops, money order services and payday lenders. Both the money order services and payday lenders sound like a great option to get money in advance or on loan but by the time they could pay off their loans from their savings the cost of the loan had exceeded in cost and it was too high of an amount for them to pay.
One woman in the documentary, Tiffany, had saved up all of her money and even had a 401k set up but she slowly lost all of her money
She makes leather bags, purses and clutches and sells them at boutiques and her own website. She has had difficulty getting loans for her business because of past large amounts of student loan debt and poor credit. Because of that, she cannot purchase the leather and other materials that are needed to make the purses. She works at another job to pay off some of her student loans and to make the purchases for her business. She is considered one of the working poor and she is building herself up by providing for herself.
I can relate to Debbie because as a young student myself, I am starting to get student loans that are adding up in cost. Although I am not starting my own business, I will have to pay off all of my student loans after I graduate and start working. In society, we are told how important it is to go to college and get a job but for a lot of people college doesn’t work out for them because they do not have a way to pay without having to take out multiple loans. Those loans make it harder for people after graduating school as they have to pay them off in a certain amount of