Understanding how to maintain your credit isn't exactly rocket science. Many of us know the basics: pay all of your bills on time, don't max out your credit cards, don't apply for a lot of credit, etc. But did you know there are less obvious, and even strange, ways to damage your credit?...
Where is YOUR wallet?
Whether you have already vacationed for spring break, or you are planning a trip for the summer, it's never too late to learn about a mistake that could turn your dream vacation into a nightmare. So listen up! We have a small tip that will make your college vacation more about fun, and less about straightening out your stolen identity.
It's the end of April and spring is finally here – well, sort of. The weather may not be cooperating in the mid-west, but we doubt unpredictable weather will hinder planning your dream vacation for this spring or summer.
Vacations can be good and bad – they allow for a change of scenery, exploration, and relaxation. However, vacations can also break the bank, especially since a lot of Americans resort to using their credit cards to pay for them. It doesn’t have to be that way; there are a couple of easy things you can do to ensure you have the money for your getaway.
You see them advertised all the time on TV, prepaid debit cards have transitioned from an unattractive financial product to a product endorsed by some of the most popular celebrities.
Originally, prepaid debit cards were designed for people who do not trust banks and cannot afford to keep minimum balances in their account. The prepaid method allows people to hold different balances and “avoid monthly fees,” since some banks charge $15 just for a checking account, and that doesn’t include if you accidently overdraft.
There are a lot of important events that take place over the course of our lifetime. Marriage, buying a home, and having your first child are all events that are very exciting but also very stressful.
The excitement combined with the stress can lead us to rationalize very poor financial decisions by saying things like, "Well you only get married once," or, "Just getting one more thing for the new baby won't hurt." It's important to keep your emotions under control during these milestones so you don't end up in financial hardship.
When parents think about keeping their college student safe, they often think about ensuring they travel in groups or keep their doors locked at night. Although these are very important, there is a less noticeable threat that needs to be brought to their attention: identity theft.
Identity theft typically falls into two groups: a one-time opportunity or an organized theft. For example, a one-time opportunity theft may involve someone using a debit or credit card after noticing it has been carelessly left out in the open. On the other hand, an organized theft is premeditated and usually involves thieves that are part of a criminal group.
Whether your parents taught you at a young age how to handle money, or you’re ready to get a grip on it now, it’s never too late to be financially responsible. In many cases, college is the first experience we have that requires managing rent and other expenses. This is also a time period where college students make many mistakes. Below we have listed some common mistakes college students should avoid. If you’re aware of these lessons now, you won’t have to look back and regret your financial mistake later.
With the New Year comes new resolutions, and if you are like most people, your finances could use some help or maybe a complete overhaul. Here are a few ways to improve your finances this year.