Archive for the 'Education' Category
In the fall of 2008, a credit squeeze ballooned into Wall Street’s biggest crisis since the Great Depression. As hundreds of billions in mortgage-related investments went bad, mighty investment banks that once ruled high finance crumbled or reinvented themselves as commercial banks. The nation’s largest insurance company and largest savings and loan were seized by the government. Only the passage by Congress of a $700 billion bailout plan in October 2008 and actions by the Federal Reserve to pump money into the system headed off a full-scale meltdown. Read the rest of this entry »
Every year, pride and joy fills the hearts of millions of parents as their offspring receive their colleges acceptance letters. Then inevitably, the tuition bills start arriving and the harsh truth sets in: education isn’t cheap. Read the rest of this entry »
The world of online sales, whether of products or services, can be daunting at first; the options seem confusing and the information conflicted. Yet as the designer or developer of an online store, you will need to guide your client through the maze of choices in order to get it up and running. Read the rest of this entry »
Practicing good money management early in life can lead to great savings down the road. Students may eventually receive lower interest rates because they have shown great responsibility in handling their finances during their tenure at school. Establishing a great credit rating during college is actually easier than most students think it is.
Some great actions that will help to prove that a student is credit worthy include the following:
Make Good on Debt
Students who have signed on the dotted line to purchase goods or services using a payment plan of some type have legally and morally committed themselves pay these bills in a timely manner. Whether a student has ordered a small item, such as a book from an online retailer, or a piece of luxury jewelry, it is important to keep payments current to prevent a credit score from tumbling. The best scenario for most students is to set up an alarm reminder about any bills that need paying on their cell phone or computer. Then, they will be less likely to overlook making these payments when they are overloaded with work or under heavy stress.
Watch Out for those Credit Cards
Students are usually bombarded by credit card offers, both through the mail and on campus during the early days of a new term. These can be so tempting because they are easy money, and students have so many needs during the time when they are setting up dorm rooms or apartments, buying school materials, and purchasing books; however, overloading on high interest credit cards can lead to a financial mess that could completely wreck a credit score.
Students are better served by placing money on deposit at a local bank to cover a secured line of credit or having their parents include their children’s names on one of their credit cards. Credit rating companies consider this responsible behavior so that it can eventually increase students’ credit scores. A secured credit card also makes it virtually impossible for students to spend themselves into bankruptcy and will prevent them from paying excessive interest rates.
Apply for Student Loans
Students who actually need to borrow money to use during college should check into getting a student loan. For the most part, these loans are can be obtained more easily and have a lower interest rate than other types of loans. They are also great because most credit rating companies figure timely repayment of student loans into their scoring formulas. Even if a student does not need these funds to pay for classes, obtaining a small student loan with a short repayment schedule may be a smart way to increase a credit score.
Students need to know that department store credit cards do little to help their credit rating and often provide too much temptation for students who are short on cash. It is best to stay away from these high interest rate traps and deal on a cash only basis for the items available in these stores.
Jennifer Lewis thinks college is the perfect time to learn to manage money wisely. She writes for a website that has information on financial aid for female students, including medical scholarships for women and govt grants for women.
Social job hunting has become a popular method for job seekers and employers, about 54% of all job seekers use either Facebook, Twitter, or LinkedIn to search jobs. This infographic illustrates statistics on social job hunting and how social media is becoming an effective way to land a job. Read the rest of this entry »
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