12.06 2011

A Simple Friday Savings Reminder

This morning I ran across this NPR story, Young Adults Can Keep It Simple: Start Saving about how 20-somethings get so overwhelmed by all the personal finance information out there, they ignore it all. Yet the basics are most of what you need to know: spend less than you make and start saving now.

Saving is hard—I know it as well as anyone. Even as a kid, when I got money from the tooth fairy or my parents, it burned a hole in my pocket until I’d traded it for some candy, a book, or stickers. Saving it felt impossible. Although I still have the urge to spend, I’ve got a little more self control these days. On the note of going back to basics, here are a few little savings reminders for us all:

1. Commit to it. Hey, it’s not easy to save. But the

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30.05 2011

10 Tips for Being a Better Negotiator

Let me just admit that I am a bad negotiator. When money comes up in a job interview, my palms start to sweat. But I know that being able to negotiate will mean better incomes, paying less on future cars and homes, and put me a step ahead of those who arent willing to try. So, I do it, and you should too. Here are a few tips:

  • Face your fear. You have a right to negotiate when discussing salary or buying big ticket items or services. And its a life skill you can’t afford not to have. Commit to trying and you may be surprised at the results.
  • Do your homework. For salary discussions, know what people in the same position and area make. F

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27.05 2011

The Other Magic Number: Your Credit Utilization Rate

Your credit score helps lenders decide whether or not to extend credit to you. Maintaining a healthy score will help open more financial opportunities for you.

Its not difficult to understand how to maintain a good credit score if you know some of the main factors its comprised of: your rate of on-time payments, credit card utilization rate, number of derogatory marks, average age of open credit lines, total accounts, and number of hard credit inquiries.

Most of these factors are fairly self-explanatory. Youll likely know how many accounts you have and can control whether or not youre making on-time payments. Read more…

19.05 2011

Discount Domination—Or Is It?

I love a good deal and I love to shop, which was why I found myself being punished for my good-natured bargain hunting at an outlet mall one rainy day. You see, I was at the cashier, silently fuming that I could get 20% off … but only if I walked across this mega-complex to get a coupon book from the central office. So, it came down to this: was my getting wet and grumpy worth about $18? I decided “no” and handed over my credit card.

Tons of websites recount both sides of the outlet mall argument: “it’s a great deal!” vs. “it’s my personal penance for hell.” After my adventure, I read some of them and agreed with (almost) all of them. The evidence that

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15.05 2011

Rethink Your Commute

The average cost of a gallon of gas in America today is $3.963. With a pricetag like that, what better time to reconsider how you get around? It may seem next to impossible to cut down on your driving. But check out some small, easy changes that will cut costs, help the environment and more.

1. Get your carpool on. Find coworkers or classmates who live in your area and want to carpool once a week or more. Parents: talk to other parents about sharing rides to school and activities.

2. Bike it or hoof it. If you have plans or errands within a few miles of home, get a little air and save yourself some gas money: bike or walk instead!

3.

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11.05 2011

Countdown to Graduation: Use your Perks Now

Now that you nailed down your healthcare, student loans, reference letters and housing, it’s time to have some fun. Did you know that students are eligible for great discounts, some of which you’ll wish you had after graduation? Here are some hidden discounts you should nab before that ID card expires:

  • International Student Identify Card (ISIC): If you’re traveling over the next year (and especially to Europe), this is a great deal. For $22, you get discounted fares for trains, planes and museums. Check out the ISIC page to see a sample of discounts and sign up.
  • Alumni ID card and registration: Your alumni association will offer lots of discounts, but you should read the fine print to make sure the benefits outweigh any annual fees. Some

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08.05 2011

Make Mother’s Day Smart not Spendy

Phones are about to start ringing across the nation. Cards are already flying off the shelves. People everywhere are reaching for their credit cards to buy candy, flowers and five star dinners they may not be able to afford to honor Mom on Mother’s Day. But gifts aren’t just about how much they cost. And there are lots of ways to make Mom’s day without overdoing it financially:

1. Go wild
. Take her out to do something you haven’t before: a yoga class, an antique fair, a pretty drive or a farmer’s market. 
Cost: $0–$30

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2. Be crafty. Frame a picture, make a card, write a song, paint something or make Mom a mixed CD—the possibilities are endless and you dont have to live nearby to do it.
 Cost: $5–$20

3. Eat outside
. Pl

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