Credit Cards vs. Debit Cards!

woman choosing a credit or debit card from walletSure, credit cards can be a great way to have a financial safety buffer in your pocket, and they build credit pretty quick, too.

But everybody has heard of dangers that can come with credit cards if you're not careful, as well as the horrific statistics:

  • The average college senior has about 4 credit cards, but only 50% of those students have a job.
  • The average balance on these cards is $2,864.
  • The number of 18 to 24-year-olds declaring bankruptcy has increased 96% in 10 years.


Read on...

In Money Trouble?

woman holding empty walletOkay, this article is packed with ways to prioritize your spending and save money creatively.  But what if you’re reading those articles too late?  What if you’re already in deep trouble when it comes to money?

And let me define “deep trouble”— you’re so broke you’re thinking about singing for change on a busy street. Being 30 days late on some payments, a shutdown phone, bounced checks, or lights being turned off in your pad also describe “deep trouble.”

If any of this sounds familiar, you’re not alone. People our age mess up all the time, and many ruin their credit in the process.





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The Top Ten Money Myths: How Many Have You Fallen For?

rejected credit application

As part of my job, I've spent the last four years talking to young people about money. I keep hearing these 10 money myths. How many have you fallen for?

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The Scoop on Credit Cards

13You've got big plans for the future: move away from home, buy a car, and be more independent. But have you thought about how you are going to pay for this? Do you have some money saved? Or are you planning on using credit cards to achieve your dreams? If you're thinking the credit card way, think twice. For most young people, credit cards can lead down a dangerous path, if used the wrong way.

Did you know this?

The average college senior has about 4 credit cards, but only 50% of those students have a job. So, how do these students pay their credit card bills? Many don't. At first, they may use one credit card to pay the other credit card bill. Then they just start "defaulting" on their bills. From that point on they go down a dangerous path that could eventually lead to bankruptcy.

Read on...

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