Surviving the Recession Smithtown 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

Bank of America - Village of the Branch
31 Rt 111
Smithtown, NY
Mr. Lawrence Sprung, CFP®
27 Franciscan Ln
Smithtown, NY
Smg Business & Personal Planning Inc
(631) 361-9108
8 Manor
Smithtown, NY
Bartley & Associates
(631) 979-0476
101 Southern Blvd
Smithtown, NY
Mr. James Verdi, CFP®
52 North Country Rd
Smithtown, NY
Ms. Marie Belvedere, CFP®
5 Cornell Ct S
Smithtown, NY
TD Bank
(631) 979-2752
714 Smithtown Bypass
Smithtown, NY
Ms. Lisa Keaton, CFP®
50 Route 111
Smithtown, NY
Chase Bank
(631) 265-9720
42 W Main St
Smithtown, NY
Morgan Stanley
(631) 366-5020
260 E Main St
Smithtown, 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

Click here to read the rest of the article at

Related Articles
- Great Property Investment Smithtown NY
European properties in countries like Spain and France are proving to be great prospects for property investing owing to the current positive outlook provided by their business environment.
- Investing in Gold Stocks Smithtown NY
- Estate Planning Smithtown NY
- Raising Your Business Capital Smithtown NY
- Paying for College During a Recession Smithtown NY
- Pink Slip Loans Smithtown NY
- Trading Stock Options Smithtown NY
- Forex Tips Smithtown NY