Surviving the Recession Mount Kisco 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

Timothy Clark
Greystone Wealth Advisors LLC

914-232-3773
100 South Bedford Rd
Mount Kisco, NY
HSBC Bank
1.800.975.HSBC (4722
50 Main St.
Mount Kisco, NY
Mr. Robert Mathias, CFP®
914-941-7799
104 Smith Avenue
Mount Kisco, NY
THIRD PARTY MARKETING SERVICES
914-980-2001
119 Woodridge Road
Mount Kisco, NY
Leo Cunningham, CFP®
(914)242-0553
14 Smith Ave
Mount Kisco, NY
Ms. Leslie Austin, CFP®
914-666-8722
230 Armonk Rd
Mount Kisco, NY
Mr. Russell Glickstern, CFP®
914-478-7568
280 N Bedford Rd
Mount Kisco, NY
Smith Barney
(914) 242-0290
100 S Bedford Rd Ste 100
Mount Kisco, NY
TD Bank
(914) 666-5841
193 E Main Street
Mount Kisco, NY
Ms. Ann Griffin, CFP®
(914)241-2971
143 Ruxton Rd
Mount Kisco, 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 creditkarma.com. 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

Click here to read the rest of the article at YoungMoney.com.