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Money matters: How to save money, pay off debt and student loans fast

Credit: United States government

Credit: United States government

College is the time when you dedicate yourself to learning about things that will help you for the rest of your life. That’s also true when it comes to money matters. Now that you’re managing your own money you need to learn how to save money as well as how to pay off your debts and student loans. It’s not as hard as you might think. What you need is a little knowledge and a lot of persistence. Even if you have a mountain of debt, it’s possible to pay it off and free yourself from a life of debt servitude. Here’s how.

It’s possible to pay off debt

In a January 15, 2013 article for Forbes.com, “How I Paid Off $90,000 In Debt In Three Years,” contributor LearnVest explained how Stephanie Hood paid off a mountain of debt.

How did she accumulate so much debt in the first place? Read more

Pay off holiday season debt: Credit card tips for college students

Very soon the credit card purchases you made this past holiday season will appear on your statement. Ouch! Student success depends on smart money matters, but credit cards are a temptation that could lead to bad spending habits at the least and a devastated credit rating at the worst. Here are some college tips for managing credit card debt.

How to reduce credit card spending

Using a credit card is so easy. It’s plastic money that lets you buy now and pay later. So tempting. Read more

Money matters: How to save money, manage your first bank account and debunk the myth of free money

Penny pinching is a great money saving tactic for college students. (Credit: kabunosekai)

Penny pinching is a great money saving tactic for college students. (Credit: kabunosekai)

Going away to college likely means that for the first time you’re dealing with money matters on your own. It’s a time to learn how to save money, manage your first bank account, pay bills and budget your cash. Learning about money is one of those required skills you have to learn by doing. First of all, you need to understand that there is no such thing as free money.

The myth of free money

Nothing is completely free. You either pay in money or you pay in time or in effort. Read more