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How to Live Frugal in College

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College life is full of huge fees, like the tuition – that it’s easy to not remember that saving a couple of dollars each

Budgeting during college is critical

day can truly add up and reduce the cost of going to college. Here are some easy habits and the money you can save.

  1. Use free transportation options for students like shuttle buses. This includes free buses on your campus or free buses that run between campuses in your area.  If you use them, you won’t need To have to take cabs, pay for public transportation, or have a car. Results? You could save hundreds of dollars or more each month.
  2. Make your own darn coffee. Do the math. If you spend $4.00 or more a day on coffee house coffee , that can add up to over $120 a month and almost $1,000 each academic year.
  3. Cook your own meals for savings even greater than those in #2. Moreover, pick a dorm that is within walking distance of a low-cost grocery store. There is no better source of good food that fits a student budget.
  4. Share textbooks with other students in your class. With the cost of textbooks climbing over $200, you can save over $1,000 a year with this easy strategy.
  5. Get a work/study job on campus. Many job, like working the check-in desk at the gym or the student health center lets you study while you earn an income. Over the course of a school year, those dollars truly add up.
  6. Find affordable off-campus housing, after matching the costs to college dormitories. Also, consider signing up for reduced meal plans that provide a limited number of meals a week in college dining halls. Remember that the bagel that you put in your pocket at breakfast could become your lunch, giving you two meals for the price of one.

Buying a Home: What You Should Know

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Life is full of exhilarating firsts. Your baby’s first steps. Your child’s first day of school. Your first love. Your first job. Your first place.

It doesn’t matter if you want to move out of your parents’ home for the first time or have your own home after renting for years, buying your 1st home is a huge step. It takes plenty of preparation when you’re at this place in your life and a little luck never hurts.

When you have no home to sell, you can take your time looking around and then jump. You could look at more than 50 condos and home to find the right one.

Renting instead of buying a house may seem like the most affordable or convenient way to go. It pays to do some easy research to know the advantages and disadvantages of renting vs. buying. You may find that purchasing a residence is really your best option.

Once you determine it’s the right time to purchase your first house, here are a few things you must do:

Accurately track your expenses

To really know the financial effect of owning a house, begin by tracking precisely how much you spend every month on all things, whether it’s entertainment or food. Write the figures down.

Set and stick to a strict budget

Once you have a precise picture of what you’re spending, craft a real budget. Remember to factor in your monthly debts and leave some room for savings. Anticipate shelling out at least 10% of the purchase price for a deposit and another 5% for closing. This budget will work as your roadmap to finding a house that is affordable. Once you have decided what your budget is, contact several agents and pick one that you feel a connection with. Get started on the exciting process of owning your own home!

Wisely Using Credit

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Three Ways To Wisely Use Credit:

Throughout your life, if you use credit wisely, it can save you tons and tons of money upwards of hundreds of thousands. It can secure your future, to have and get more. Poor credit can be erased by using credit wisely. Use the strategies listed below, to help build your credit and say bye-bye to poor credit.

First Using Credit: Do not make unnecessary purchases or purchases that are higher priced than necessary. Purchase items that are comparable in quality but less expensive. The cost on the price tag is not the only one you pay: but also interests and finance charges. To help you to decide whether to pay $300.00 or not for a pair of shoes, take two or three days to think about it, discuss it with your spouse, look for a comparable pair. Make wise decisions before purchasing items.

Acquiring  Credit:

In managing your credit, do not take on more than you can comfortably afford. You should never have more credit than you gross in a year. Do not activate new credit cards or lines. Close out high interest rate cards if you acquire lower interest cards. Having a lot of different cards is not good, does not improve your credit standing, a bit too much of a good thing. It can also lead you to spend more.

Keep Up With Credit:

If you fall behind on your credit, remove the temptation of using your cards. Let your parents, sibling, spouse or trusted friend to hold they for you until you get credit down. Even rent a small safety deposit  deposit box at your bank and put all cards in it. Avoid late charges and fees by paying credit cards off each month and paying on time.

You need credit in today’s world. Take on only what you can safely handle don’t go spending crazy. use credit wisely, then when the time comes, you’ll have the credit you need to purchase an automobile, maybe buy a new house, or rent a condo or even to obtain certain employment. While credit has gotten to be a necessity, be sure you can handle it wisely.

Some Good Advice On Using Credit Cards

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Credit cards are a ubiquitous part of most people’s financial picture. While they can certainly be extremely useful, they can also pose serious risk, if not used properly. Let the ideas in this article play a major role in your daily financial decisions, and you will be on your way to building a strong financial foundation.

Be vigilant of all purchases, so you can make sure not to overspend. It is quite easy to lose track of what you are using your credit card for, so you should commit yourself to keeping track of all of these expenditures in either a notebook or on a spreadsheet.

Check your credit report regularly. By law, you are allowed to check your credit score once a year from the three major credit agencies. This may be often enough, if you use credit sparingly and always pay on time. You may want to spend the extra money, and check more often if you carry a lot of credit card debt.

Carefully consider those cards that offer you a zero percent interest rate. It may seem very alluring at first, but you may find later that you will have to pay sky high rates down the road. Learn how long that rate is going to last and what the go-to rate will be when it expires.

Before you ever use a new credit card, it is important to carefully read through all of the terms of the credit card agreement. A lot of credit card places think of your first purchase as your agreement to their terms. Be aware of all of the “fine print” that comes with your credit card!

Just about everyone has used a credit card at some point in their life. The impact that this fact has had on an individual’s overall financial picture, likely depends on the manner in which they utilized this financial tool. By using the tips in this piece, it is possible to maximize the positive that credit cards represent and minimize their danger.