I’ll just charge it.

The solution to every shopping problem any girl has ever had. It’s quick. It’s efficient. And swiping a pretty piece of plastic that closely resembles a gift card distances you from the reality that eventually you’ll have to actually pay that money.

Now don’t get me wrong. Credit cards are awesome. You don’t become the owner of more shoes than there are days in a month by not liking credit cards. But that doesn’t mean that they’re not a dangerous little deviants that should be kept at a distance until they can be handled properly. And by handled properly, I mean, paid off promptly. Because the longer you put off those payments the worse it gets and the worse your credit score gets. What’s your credit score, you ask? Well, ladies, that’s a good question. In fact, it’s the question most of this post is dedicated to answering. So take a deep breath and bear with me here.

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This week I was perusing USA Today (trying to find the crossword puzzle) and stumbled upon an article that struck me as, frankly, a bit terrifying. The article screamed HUGE DEBT, NO SAVINGS in my face, warning all of us in “Gen-Y” (that group of seventeen – twenty-somethings) that we’re the only generation unlikely to out-succeed our parents financially. Harrowing stuff, especially since we seem to be in a generation of “buy now, pay later.” And when we do buy,  we want the newest and shiniest and don’t settle for less than designer brands…. Not exactly recession-friendly behavior.

The article had me thinking about my own spending habits and the habits of my peers. I certainly have gotten my act together over the past year but still struggle with the little things. I write checks and forget about them until they hit my account. I have days where I spend ten dollars on Starbucks. And then other days when I spend $20. I went through a period where I didn’t pay off my credit card balance every month (never. again.). We all struggle with the economy and our own personal finances. Here are the top 10 ways to be a savvy spender and super recessionista. Read More »

You ever see those Visa Check Card commercials where they show a fantastic shopping plaza where everyone is happily swiping away *swipe swipe swipe* until that jerk comes along, coin pouch in hand, and holds up the whole line?

Yeah, that jerk is usually me.

I’ve always been a cash girl – it’s efficient, it’s solid, and it’s hard to let go of. I just think credit cards make it too easy (“That’ll be $563.94” *swipe* “Thank you have a nice day!”) and that’s entirely my point. You can swipe away bucket-loads of money without realizing it. Credit cards make it so simple, it’s like you can get whatever you want and you’re not even spending real money.

However, when it comes down to forking over a twenty dollar bill to some Starbucks chick for a cup of coffee, I’m much more hesitant to get the overpriced (albeit ridiculously addictive) Venti Caramel Frap. With cash, it’s either you have it or you don’t. With credit, you always have it (or so you think). Read More »

You’re so busy with classes (and a rockin’ social life), you can’t seem to get ahead in the finance field.  Sure, summer might be a great time to soak up some sun for those college students who are lucky enough NOT to be struggling with student loans, car payments, credit card bills, etc.  But for a large majority of us, summer is the time to keep working our asses off… and get paid.

If you’re stressing about debt, never fear– summer is just around the corner.  And if you act now, chances are, you can secure a summer job so you’ll be ready to pay for books, bar tabs, and fall semester housing come August.  The question is, where should you look? Read More »

It’s easy to throw down your MasterCard and forget about how much your text books cost for the semester; it’s just as simple to open a tab at Happy Hour and let the Bud Light flow.  We all eventually realize, however, that college flies by in the blink of an eye, and before you know it, you’ll be on your own.

With the economy in peril, now is an especially good time to start keeping an eye on your credit score so you don’t find yourself denied when you try to open new bank accounts, get a new apartment, condo, or house, or reward yourself for landing your dream job by buying your first brand new car.  Maintaining a good credit score doesn’t have to be harder than next Tuesday’s cumulative Calc exam, though– here are five simple steps to stay on top of your financial game. Read More »

[College kids are notorious for being poor. And why shouldn’t we be? We take out student loans to pay for private universities, can barely balance a part-time job with our full-time courseload, and the only “balance” we’re familiar with refers to the number of points left on our dining hall cards. Oh, did I mention many of us tend to splurge every extra penny on PBR’s at the campus bar?

If you disagree with everything I just said, you probably don’t need this column. But if you’re nodding along because you’re officially an adult and still don’t know how to manage your money, then you might want to pay attention every week, because I’m going to (try to) get you through this, and make you a successful saver and a wise spender.]

Everytime you whip out the plastic at the grocery store, liquor store, or gas station, the cashier asks automatically, “Credit or Debit?” It’s a simple enough question, though to many, it may be redundant. I mean, who cares what type of card it is as long as it buys you a pack of smokes, a 30-pack, or a week’s worth of Ramen Noodles?

There are a lot of pros and cons to using both credit cards and debit cards, and many people adamantly side with one form of plastic or another, much like people adamantly side with either Obama or McCain. Personally, I’m a debit kind of girl. My brother, on the other hand, swears by credit. What gives?

A debit card is like your plastic checkbook. You might not need cash in your hand, but you need to have the funds in your bank account to make a purchase. A credit card, however, lets you splurge now and pay later– even in small monthly increments. In this case, the credit card may SEEM like it has its advantages, because you can pay for your spring break trip now, and spend the next three months waiting tables to pay for it. Read More »