Skip Navigation Links

Blog

Credit Cards Are Not Magic and Other Money Management Tips

June 23, 2011

Credit Cards Are Not Magic and Other Money Management Tips

by Radha Jhatakia

Managing money is difficult for many people, not just college students! I’ve been taught to save every penny and paying for school myself has been the biggest reason but friends of mine who haven’t struggled as much don’t have the same outlook. For them, credit cards are magic and their parents are instant money taps.

My best friend is the reason I’m writing this article. She struggles with money but I don’t understand why. She’s been working since she was 16, her parents pay for school and bought her a car yet she doesn’t have a single dime saved! Ever hear the phrase “A penny saved is a penny earned?” I’m guessing she hasn’t but it’s true. Gaining a dollar doesn’t mean you have to spend it because in the future, you may not have that dollar. Here are a few more tips:

Having bad credit now may not matter to you but it will affect you in the future when you apply for home loans and car insurance. Be wise, spend wise and look up the rule of 72.

Radha Jhatakia is a communications major who will be transferring to San Jose State University this fall. She’s had some ups and downs in school and many obstacles to face; these challenges – plus support from family, friends and cat – have only made Radha stronger and have given her the experience to help others with the same issues. In her spare time, she enjoys writing, reading, cooking, sewing and designing. A social butterfly, Radha hopes to work in public relations and marketing upon graduation.


Leave a comment

Please Login or Register in order to add a comment.
0 Comment(s)

Recent Posts

Tags

ACT (19)
Advanced Placement (24)
Alumni (16)
Applications (76)
Athletics (17)
Back To School (72)
Books (66)
Campus Life (444)
Career (115)
Choosing A College (41)
College (918)
College Admissions (225)
College And Society (271)
College And The Economy (330)
College Applications (141)
College Benefits (282)
College Budgets (205)
College Classes (437)
College Costs (454)
College Culture (548)
College Goals (386)
College Grants (53)
College In Congress (78)
College Life (500)
College Majors (212)
College News (502)
College Prep (164)
College Savings Accounts (17)
College Scholarships (129)
College Search (109)
College Students (375)
College Tips (99)
Community College (54)
Community Service (40)
Community Service Scholarships (26)
Course Enrollment (18)
Economy (96)
Education (24)
Education Study (28)
Employment (36)
Essay Scholarship (38)
FAFSA (49)
Federal Aid (86)
Finances (68)
Financial Aid (361)
Financial Aid Information (37)
Financial Aid News (31)
Financial Tips (35)
Food (44)
Food/Cooking (27)
GPA (80)
Grades (91)
Graduate School (54)
Graduate Student Scholarships (19)
Graduate Students (63)
Graduation Rates (38)
Grants (61)
Health (38)
High School (128)
High School News (62)
High School Student Scholarships (142)
High School Students (257)
Higher Education (110)
Internships (525)
Job Search (167)
Just For Fun (96)
Loan Repayment (33)
Loans (39)
Military (16)
Money Management (134)
Online College (20)
Pell Grant (26)
President Obama (19)
Private Colleges (34)
Private Loans (19)
Roommates (99)
SAT (22)
Scholarship Applications (153)
Scholarship Information (140)
Scholarship Of The Week (226)
Scholarship Search (181)
Scholarship Tips (70)
Scholarships (360)
Sports (61)
Sports Scholarships (21)
Stafford Loans (24)
Standardized Testing (45)
State Colleges (42)
State News (33)
Student Debt (76)
Student Life (499)
Student Loans (130)
Study Abroad (66)
Study Skills (214)
Teachers (94)
Technology (111)
Tips (479)
Tuition (92)
Undergraduate Scholarships (35)
Undergraduate Students (154)
Volunteer (45)
Work And College (82)
Work Study (20)
Writing Scholarship (18)

Categories

529 Plan (1)
Back To School (351)
College And The Economy (463)
College Applications (244)
College Budgets (333)
College Classes (548)
College Costs (703)
College Culture (904)
College Grants (132)
College In Congress (123)
College Life (868)
College Majors (321)
College News (823)
College Savings Accounts (55)
College Search (382)
FAFSA (108)
Federal Aid (118)
Fellowships (23)
Financial Aid (637)
Food/Cooking (76)
GPA (277)
Graduate School (106)
Grants (71)
High School (479)
High School News (206)
Housing (172)
Internships (564)
Just For Fun (202)
Press Releases (1)
Roommates (138)
Scholarship Applications (183)
Scholarship Of The Week (301)
Scholarships (546)
Sports (73)
Standardized Testing (58)
Student Loans (220)
Study Abroad (60)
Tips (741)
Uncategorized (7)
Virtual Intern (531)

Archives

< Mar April 2014 May >
SunMonTueWedThuFriSat
303112345
6789101112
13141516171819
20212223242526
27282930123
45678910

Follow Us:

facebook twitter rss feed