Tips to avoid common mistakes with student loans
intelligent use of your money and your credit card in college you earn money when you click on the things you really want to graduate as a new car or a house, instead of all income to repayment the department to spend.
A brief history of a title that follows the journey of experience. If I had known at 18 that he could now at 28, that misery can be prevented. Instead, I owe $ 150,000 in student loan companies end.
I hope you read this before you fall into this trap. At 18 years, the university was a dream come true. I could study for my class without a parent present, my intake of coffee, or my night-runs 11.07 Slurpy Monitor with friends.
I had worked part time as a teenager, but had no significant savings or sense of financial responsibility. I decided to finance private schools in my native country, the education of the Southern California liberal arts with student loans.
I qualified for some federal money. The rest would come from private loans. A few thousand lattes later and some new clothes every six months began to add up the bills. It was impeccable timing, if the credit card to beat lawyers.
Financing costs and interest, what is it? These concepts are at the same time, I care. I studied four years later with $ 150,000 in student loans and $ 11,000 on credit cards.
Use your student loan money to finance his studies, not their lifestyle. Tuition, room and board and textbooks are smart ways to spend your money for student loans. You pay these loans off the next ten to 20 years, the money wisely.
In addition to student loans, a burden, the credit card debt. In the first year of college, the average debt of $ 2,169 on those cards. When interest rates of 15-18 percent, have to pay this credit card debt within 30 to 40 years.
The way you handle your debts, which are followed by many years. If the maximum number of line of credit, not pay your bills on time and keep the credit card payment in to add ways to get money, you are a poor credit score after you finish.
A budget helps you plan in advance how much money you have coming in and out. It gives you the power you need and the comfort of knowing where your money goes. Plan to save money while in school to earn money on the items you really want to spend when you graduate. P>
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