Surviving the Recession Jamestown NY

5 Things Every College Student Needs To Know About Money (But Isn’t Being Taught in School). Read on to know more.

Local Companies

Mr. Michael Engdahl, CFP®
457 Fairmount Ave, Suite B
Jamestown, NY
Bakewell Financial Services Inc
(716) 664-4305
508 Lafayette St
Jamestown, NY
Citizens Bank - Jamestown/Tops
2000 Washington Street
Jamestown, NY
Security Mutual Life Insurance Company of New York
(716) 664-4305
508 Lafayette St
Jamestown, NY
Community Investment Services Inc
(716) 665-4336
421 E 2nd St Ste 1
Jamestown, NY
HSBC Bank Jamestown Ofc.
(716) 661-2130
417 Spring St.
Jamestown, NY
Cardinale Frederick CPA Pfs Cfp
(716) 483-1313
2200 Foote Avenue Ext
Jamestown, NY
Weinberg Financial Group
(716) 484-6903
35 Harrison St
Jamestown, NY
Mr. J. Hagberg, CFP®
421 Park St
Jamestown, NY
1.800.975.HSBC (4722
Spring St & 5Th 417 Spring St
Jamestown, NY

Provided by:

1. Skip credit cards completely if you can. The average student graduates with more than $2,000 in credit card debt, and that’s a bad way to kick off your adult life. If at all possible, wait until senior year to get a credit card. Meanwhile, use a debit card instead.

2. Don’t get behind on your bills. Missing a payment not only means you'll get hit with huge fees. You'll also see your credit score—basically the GPA that follows you throughout your financial life—plunge. To get a free idea of your credit score, try One late payment also gives credit card companies an excuse to raise the interest rate on what you already owe as well as on any future purchases you make.

3. If you do have a credit card, pay more than the minimum. Staying on the payment schedule your lender sets can cost you thousands of dollars and years of your life. Say you owe $1,000 on a card that charges 18% interest. Paying just $10 more than the minimum every month will save you 13 years of repayment and $1,312.

4. Stick with low-rate federal student loans. You might’ve gotten private student loans in the past, but going forward, make sure you and your family get all the Stafford and PLUS loans you can before going to private lenders, which are currently charging interest rates of up to 14.5%.

5. Use the ATM no more than twice a week. Two or three dollars here or there may not sound like much, but if you’re using another bank&rsq

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