College student blames parents after she blows her $90k college fund

A 22-year-old woman talked about her financial woes on an Atlanta FM-radio show whose wisecracking hosts made fun of her spendthrift ways and whose listeners talked about and belittled her on Twitter as the millennial who was giving millennials a bad name.

Kim, who did not mention her last name or her school, said she spent her college fund of $90k on expensive clothes, jewelry and trips to Europe and told �The Bert Show� that it was all her parents fault for not showing her how to manage her money. *Sigh*

�Maybe they should have taught me how to budget a little better, a little more carefully,� she told the show the other day. �They never sat me down and had a real serious talk about it. They said, �Here�s your college fund, it�s for classes only.��

Kim said her grandparents set up the college fund for her years ago. She contacted �The Bert Show� after the school had just mailed her the tuition bill for her senior year. She explained that she was short about $20,000 for her final two semesters.

�I just wasn�t very good with my budget,� she said. �I also used it to budget for school clothes, stuff like that. My college break money�Maybe I should have not done that.�

Kim said she also used her college tuition money on a European vacation. �The Europe thing I thought was part of my education and that�s how I tried to justify that,� she said.

She said her parents told her there was nothing they could do for her because they didn�t have any money. She accused her father of being a �little bit of a jerk about it� after she told him she was broke.

�They�re not being honest with me, saying they don�t have it because my father has worked for like a million years and they have a retirement account,� Kim said.

She said her parents suggested she take out a loan with the credit union. �And I�m like, 'How am I supposed to do that?'� she said.

The next day Kim told the show she went down to the credit union after all to apply for a loan. She said the loan officer told her she would need her parents as co-signers because she didn�t work and didn�t have collateral.

Kim told the show her parents wouldn�t co-sign unless she got a part-time job.

�I don�t know. Maybe I�ll tell my parents I�ll be a stripper if they don�t co-sign,� the woman said.

In a fourth call to the station, Kim said her situation had improved. Her loan had been approved and she was looking for a job, as much as that pained her.

She was also still blaming her parents.

�I know they�re trying to teach me a lesson blah, blah, blah and character building, but like I hope they realize that this can have such a negative effect on my grades and as a person,� Kim said on the air.

Yahoo! News.