| Managing
money for students is essentially the same as for anyone else, except
that they are particularly vulnerable to the misconception that
it's okay to spend money that they don't have right now because
they'll be able to pay for it later once they land that high-paying
job. This type of thinking is risky and many recent graduates
find themselves deep in debt. You can avoid this by developing a
spending plan early and sticking to it. Once you have established
a budget, do not be tempted to fall into the credit trap. Sure that
concert may have seemed like a good idea at the time, but do you
really want to be paying for it long after you've graduated? Live
within your means to ensure that you are not burdened with debt
once you graduate. Additional
Resources:
Avoid
The Campus Credit Card Trap: A PIRG Fact Sheet for College Students
click
here Studentdebthelp.org:
Credit click
here
Mint.com click
here The
Credit Crunch click
here
Credit
Cards Teaching Students a Costly Lesson
click
here College
Credit Crisis click
here Leave
College Without Credit Card Debt click
here
Pack
Away Your Debts with the Payment Push
click
here
6
Tips on Borrowing from Relatives
click
here
Facts
About Students and Credit Cards
click
here
Tips
for Undergrads
click
here |
