[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.]

Ah, holiday season. It’s all fun and Fa-la-la-la-la… until your credit card gets declined while you’re buying a last minute gift for your mom, with only minutes to spare before gift-exchange time. It can be difficult to get through the holiday season, even before you factor in the shopping costs. Holiday parties with drink specials (rather than open bar, because your boss is also scrimping); buying silly trinkets for everyone on your floor; hell, even bulk greeting cards can burn a hole in your wallet. Here are some tips to enjoy the holidays, without worrying about money.

1. Gift-swap with your friends.

If they’re your real friends, you don’t need to show it by wrapping some expensive shizz up. Talk to your friends; if everyone else is strapped for cash, you can vote to do a “Secret Santa” and only buy one gift each, or even save your money and put what you would have spent on gifts towards one really fun girl’s night.

If you really want to wrap something up? Agree on a second-hand gift swap. If you bought a hot designer top, hoping it would motivate you to hit the treadmill (but to no avail), give it to your petite friend. Give another BFF that necklace she borrows every weekend anyway. If it really is the thought that counts, then giving up your own stuff to make someone happy can be more sentimental than a last-minute iTunes gift card. Read More »

Some call shopping a sport. And I agree. I mean, think about it. In order to get the job done right, one needs skill, technique, timing, and so much more. The only equipment you really need is a good, comfortable pair of shoes and a nice big purse (preferably with a fully-stuffed wallet and possibly a granola bar for some nourishment), and now there’s a new piece of equipment that’s going to make shopping a whole lot easier.

To get this new piece of shopping equipment, all you have to do is pull out your cell phone! No, not so you can chat it up with your friends as you bargain hunt, but so you can find the best deals on everything you’re shopping for. A new service called Pongr automatically tells you where you can get the best price on almost any item. Um, amazing?

According to the Pongr website, all you have to do is take a camera phone picture of the item you want (if it’s a book, CD, DVD, or video game) or type the UPC code or product description into a text message (if it’s clothing, shoes, electronics, or purses) and either e-mail your query to ping@pongr.com or text it to SHOPP. You’ll automatically get a text message back telling you where you can get the item for cheapest. If it’s online, you can purchase the item right from your phone and if it’s a brick and mortar store, Pongr will give you directions to the store. Read More »

Our economy is crumbling, and things just got worse for Bachelors degree-hopefuls, especially those in Massachusetts. Last year, the Massachusetts Educational Financing Authority secured over $500 million in educational loans. This year, they’ve announced that they will not be offering loans for the upcoming academic year.

None. Zero. Zip. Zilch. Nada. They didn’t cut their $500 million budget to, say, $250 million. They exed the loans altogether.

MEFA secures loans for 40,000 students who live in Massachusetts, or who attend school there. Unfortunately, this year, the financing authority could not secure the money. Executive director Tom Graff blames “disruptions in capital markets.” So, just like that, 40,000 students are sh*t out of luck.

MEFA is the first to make headlines, but any financing authority could also be treading on thin ice. Which means that students across the country could be forced to drop out of college, or sell their souls to finance a degree that can cost upwards of FORTY GRAND per year at top-notch schools like Carnegie Mellon, Tufts, NYU, and Notre Dame.

When I was in college, I played my cards right, and managed to get through my degree with almost no debt, and decided to pursue a Master’s, rather than join the work force right away. With our declining economy, I am currently paying dearly for that decision. Read More »

The University Experience sure has changed. It’s now normal to take longer than four years to complete your degree; students are known to switch majors repeatedly (and often at the last minute); and transfer admissions offices are swamped with applicants who realize that the college they chose senior year of high school just isn’t making the grade.

I know all about the stress of transferring and adjusting to a new school. When I began my undergraduate career, I wasn’t content with attending the state university that 83% of my classmates were enrolling in. Oh, no – I had to get away. So I enrolled in a small private school in London, England.

My freshman year was a blast– I was in a major city, surrounded by hot men with hotter accents, and I didn’t even need a fake ID. But eventually, reality sank in, and I opted to transfer back to the same state school that I’d once adamantly rejected in order to prevent graduating with student loans up the wazoo.

My first semester at the state university was miserable. I’d missed out on all of the freshman year bonding, got stuck with a lame random roommate, and when I did go out, it was because one of my high school friends was kind enough to let me tag along with her group. It was so bad that I took a semester off to figure out if I wanted to go through the transfer process again. I ended up going back to the state school, and – thankfully – things got better. In fact, college kicked some major ass.

So, having been on the Maybe-I-Should-Transfer fence and a member of the Transfer Students Association, I thought I’d share some pro’s and cons with anyone who isn’t quite sure that they are attending the right school. Read More »