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.
People look forward to the holidays all year long; after all, “it’s the most wonderful time of the year,” isn’t it? What people don’t look forward to are the bills that come in after the holidays are over. That’s when reality sets in. Here are some holiday spending mistakes to avoid this holiday season to help the after-holiday season brighter.
Because of unique circumstances, many people determine that it is worth it to borrow money to make purchases. Before you borrow, it is important to understand lending options and know the pros and cons of each.
You may have had every intention of using credit cards wisely like paying them off every month and only using them in the case of an emergency. Even with the best intentions, credit card spending can easily get out of control and then become extremely hard to get under control. If you’ve racked up debt in credit cards, here are some steps to take to gain back control.
With the SaveItUp Challenge coming to a close this year, we asked our members to share their personal savings story. Here’s what they said:
Credit cards offer convenience. You do not need to carry cash to make purchases because you can charge them and then pay for them when you receive your bill. To keep them from costing lots of money, credit cards require discipline on the part of the card holder. Card holders should always try to pay their balance in full by the due date each month in order to avoid interest payments.