Surviving the Recession New York

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

Local Companies

Dynamic Asset Management Corporation
(716) 741-3163
8070 Floss Ln.
East Amherst, NY
Accent Financial Group
(845) 255-1341
243 Main Street, Suite 130
Ratick, NY
Berner Financial Services
(845) 471-2872
47 S. Hamilton Street
Poughkeepsier, NY
Commonwealth Advisors Ltd.
(845) 255-5888
70 North Putt Corners Road
New Paltz, NY
Edward Jones
(845) 255-2955
243 Main Street , Suite 100
New Paltz, NY
Petfield & Associates, Inc.
(845) 255-2707
71 Burleigh Road
New Paltz, NY
Smith Barney
(845) 485-2800
2678 South Road
Poughkeepsie, NY
Sarah Marshall, CPA, PLLC
315-363-6949
317 Main Street
Oneida, NY
Planned Results Inc.
(315) 361-6165
601 Sherril Rd
Oneida, NY
Support Services Alliance (SSA)
(315) 363-6584
165 Main Street
Oneida, 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.

Featured Local Company

Dynamic Asset Management Corporation

(716) 741-3163
8070 Floss Ln.
East Amherst, NY

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