[It's a new year (which I am having trouble remembering when I have to write the date on anything), meaning it's the perfect time to wipe that slate clean and start anew. And we're gonna help you out. Every Thursday in January we're bringing you advice from experts on ways to improve yourself and your life. From mental health to making the most of your workspace, we'll all work together to get our lives, health and GPAs back on track. First we feng shui-ed our rooms to make them happier, more productive places. Then we centered ourselves so we could handle whatever comes our way. Now let's get our finances in order with Fool.com's Dayana Yochim.]

Let’s face it, “the talk” is awkward for everyone: You, picturing your parents at your age; your parents trying to cover all the bases (protection, safety, responsibility and the long-term consequences of your young-adult actions) before letting you leave the nest.

You know we’re talking about the “money talk,” right?

What’s the big deal? Well, unlike the mechanics of procreating (which, if you’re reading this, we can assume your mother and father mastered at least once), there’s a good chance that your parents made a mess of their own finances back in the day. They might even feel like they’re still unqualified to offer sage advice. After all, this stuff isn’t taught in most schools, which leaves most folks learning money lessons the old-fashioned – and very expensive – way: At the school of hard knocks.

I’m here to do your folks a solid and give you six money management tips that will help you avoid graduating with a major financial hangover. Read More »

Another bad BF for Anne Hathaway.

A little financial advice for new grads.

Lindsay Phillips is a fashion genius.

E*Trade shows Lindsay Lohan who’s boss.

Lady Gaga will tour forever and ever….

Ole Miss hops on the flash mob bandwagon.

Let’s be honest for a moment here: as college females, we aren’t so good at managing our money. Sure, we’d like to be…until we walk past Anthropologie and have to have every dress in the window and those adorable throw pillows for our bedrooms.

The truth is, money management and financial mumbo jumbo is boring and spending all that hard earned money is fun! Who wants boring when we can have this?

But it doesn’t have to be that way, which I learned after reading So Many Shoes, So Little Money: A Girl’s Guide to Finance. Lisa Serwin, a girly girl to her core, breaks all that budget business down in a way that is easy to understand and, even more importantly, easy to incorporate (realistically!) into the college girl’s life. Serwin doesn’t tell us to eat ramen and wear our leftovers from middle school; she explains how to save and how to spend in a way that won’t send us back to our childhood bedrooms when the money (inevitably) runs out.

Naturally, I needed her to set my budget to talk to her. And I did! Here is a bit about my new financial hero and a lot of useful information that all of us can benefit from!

5 Questions We Ask Everyone:

1. What’s your most hysterical/ridiculous college memory?
That’s fit for print? I accidentally locked myself in a second floor bathroom during a fraternity party.  The door handle broke off, and no one heard my pounding. (The one and only time in history there wasn’t a line for a ladies room!) I climbed out the bathroom window onto the roof – high heels and all, shimmied down a tree, and walked back in through the front door. However, apparently everyone had been watching my descent through the window.  When I walked back in I was greeted with cat calls and applause.

2. What are the five things you can’t live without?
In no particular order:
Great shoes
Chocolate
My family and friends
Books
A good night’s sleep (otherwise I’m really cranky) Read More »

It’s your BFF. You’ve known her since you were five. And yeah, you just spent a whole paycheck on housing, but you still need her to hang out. But still, you’re both broke, college students. So who’s taking the brunt, financially? If you feel like you are controlling your spending, but still can’t figure out where your cash is going… I hate to say it, but it might be your friends. Read More »

You might think Small Claims Court is only for trashy folks on Judge Judy, but when you’re a college student with little power, it can be easy for someone to blindside you by taking advantage of you (and your finances) when you least suspect it. That actually happened to me, when I was subletting from a psychopath who decided to change the locks on me one day and keep my entire rent check (it was the first week of the month when I was forced out) and my security deposit.

If I thought I was shocked when I was suddenly barred from my own home, I was even more surprised when I learned the ropes of actually going to small claims court. Why does this lesson fit into Money Matters? Because you actually have to spend quite a bit of money if you want to get what is owed to you in the long run.

In order to file your claim, you will need any articles of evidence pertaining to your case. Any contracts, agreements, or legal statements should be compiled and photocopied. Then you will have to pay a fee just to have your case processed. For me, I had to pay to get several of my documents photocopied, and then cut a check for $100 to the court just to proceed. $100 when I was already out over a grand. Still, at that point, it had become a pride issue, and I wasn’t going to let this snake take advantage of one more poor, naive girl.

Depending on the rules of your particular state, you may also have to pay for an officer to personally deliver the small claims summons to the other party. The problem with that is that the officer can only try the house so many times before all of your paperwork is returned to you, with a stamp that reads “Undeliverable.” So I had to try again. After the second set of docs was returned, I found my villain’s work address (ironically, he was a bank teller) and the po-po brought his small claims summons to the bank where he worked. 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.]

With the economy so crappy these days, banks are jumping over each other to get to you. With deals like Rewards Checking, it’s hard not to be lured in. I mean, a percentage of cash back just for spending? It sounds too good to be true.

Because it probably is.

I’ve been bouncing between hoarding my money in a checking account or a savings account for some time. Do I want the interest, or the rewards? Chances are, you’ve had similar decisions to make. But what about these CD things that banks advertise? What are these all about? 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.]

I’ve been writing a lot about how to manage your money in bank accounts and with credit and debit cards. That’s the tricky stuff. As poor students, we are good at finding bargains and at least trying to make our money go a long way. That said, it’s easy to fall into certain traps when what we think is a good “deal” comes our way…and we end up paying dearly. Here are some scams to avoid in order to really save some dough.

1. Gym Memberships.

Beware of whatever type of deal a gym is trying to pitch to finagle you into joining. Why? Because they are probably lying. Okay, I’m bitter about this one. I needed to join a new gym at home for a couple of months, so I signed up for free guest passes at all the gyms in my area so I could work out for free and not buy anything. Next thing I knew, a Bally’s rep was selling me a special offer: $25 a month for a membership that I could transfer anywhere. He told me that if I got back to school and didn’t want to make the trek to the nearest Bally’s, I could freeze my membership for $4 a month, and when i started using their clubs again, I could continue to pay the dirt cheap fee.

The reality? Only the first transfer would be free, so I’d be paying in the future for every new Bally’s I tried to switch to; the “freeze” thing didn’t exist, and I was forced to pay the monthly fee even though I wasn’t working out; I’m stuck in a year contract, and now I have an express hatred for Bally Total Fitness Clubs. Needless to say: gyms are definitely places to read the fine print. Read More »