September 30, 2009 – 10:10 am
College students have a lot to deal with: New classes, new surroundings, new friends, and adjusting to a new lifestyle away from home. It’s easy to get wrapped up in the college scene and forget to take care of your finances, but making good decisions early will pay dividends later. Here are fifteen financial missteps [...]
September 1, 2009 – 1:11 pm
If you’re in college, chances are you’re back in the dorms this week. And if you’ve got your eye on the new fall fashions and cool electronics, we’ve got news for you: Being cheap is in. As the Oregonian reports: Frugality is the new cool in this back-to-school shopping season, expected to be one of [...]
August 27, 2009 – 4:45 pm
Tuesday’s Wall Street Journal had a useful article for parents on how to “train” their teens to start using credit cards wisely. The main goal is to teach youths to build a credit history without falling into debt. The article makes a strong point: While it is a great gift to allow your child to [...]
August 13, 2009 – 2:53 pm
College is a time for students to learn to be on their own for the first time in their lives, and a majority have a lot to learn about managing money—especially handling their own finances. Always organized and never one to miss a sale, I’ll admit that many times during college I flirted with the [...]
Kiplinger’s put together this list of 20 ways young people waste their money (although many of these bad habits are often held by folks old enough to know better). Some of the tips are obvious: Don’t buy a new car or brand-name groceries, turn off your lights when you leave the room, cancel your cable [...]
Also posted in Budgeting, Credit, Education, Financial Illiteracy, Personal Finance, Saving Money
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Tagged Family Budget, financial advice, Personal Finance, Saving Money, Taxes, tips
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Along with the increasing number of high school and college classrooms that are incorporating personal finance into their curriculum, many community groups are also finding ways to offer lessons in economic education. In Missouri, the Boys and Girls Club of West Central Missouri puts financial lessons into practice with its “club bucks” program. The members [...]
The New York Times editors posted an interesting discussion on the Room for Debate blog last week regarding student loans and higher education. The responses from five ‘insiders’ chosen to participate are far-ranging and address the questions: How much is too much to carry in student loans? What factors should be weighed? Should a student [...]
We’ve covered before how new credit laws mean tighter restrictions regarding who qualifies for a credit card, and how people with sterling credit scores could face higher fees under the new regulations. As it turns out, there’s another wrinkle in the law books that gives young people a truly bum deal. Under the new law, [...]
Are the kids of 2009 like the kids of 1929? It seems like in some ways they are.
A new study from Sallie Mae, the largest provider of student loans in the U.S., found that 30% of American students put at least some of their tuition payments onto personal credit cards. That’s an increase of six percentage points since 2004. Perhaps equally troubling, the study found that only 18% of students are able [...]
