Easy Tips to Save on Your Heating Bill

This is a guest article from Jocelyn Anne

save-on-heating-billDown by Two

Whenever you walk over to that thermostat, think “Down by 2” and turn the thermostat down by two degrees. If you’re used to room temperature at 72º, then aim for 70º. You might be a little bit uncomfortable for the first few days, but your body will adjust very quickly. In the meantime, just put a couple extra layers on. Add some heavy duty wool socks to your normal wear, make sure you’ve got shoes on your feet and you might not even notice the difference!

Use Room Heaters

Central heating systems are often the most expensive way to heat a home, not to mention that they often heat multiple rooms unnecessarily. Instead of heating an entire home including rooms you may not even be using at all (guest bedroom?), use room heaters that allow you to heat just one room that you’re currently in. This is ideal for sleeping at night when you can turn off the central heat and heat just the bedroom. If you’ll be working out of a home office, same idea. Hanging out with the kids downstairs all day? You got it!

Room heaters are also great if you just need to boost the temperature around you by a couple degrees. 70º not cutting it while you’re sitting still at the desk? Up that room to 74º in minutes with a room heater and without having to wait for the whole house to get that hot or spending the money to heat the whole house that warm.

Turn Down the Water Heater

It might feel like everything is getting turned down, but the upside is that you will acclimate very quickly if you notice at all. Turning the water heater down is one that you are very unlikely to notice a change in. In fact, most hot water heaters are set to 140º but you should easily be able to get by with 120º and never even know that anything has changed, except the fact that your heating bill will go down. And that’s a change you’re probably more than happy to be okay with!

Do Your Research

Always check in with your local power company to see what their recommendations for saving energy and cutting costs are. There may be certain times during the day when they offer lower rates. If so, make sure to run your higher-energy consuming appliances then, like taking showers, running the dishwasher, using washing machine, running a hot bath, etc.

There may also be some forms of fuel that are cheaper than others in your area. Electric may be the cheapest, or it may be propane or even natural gas, depending upon the local resources in your area. Always double check to make sure you’re using the smartest option out there and then you’ll be able to change accordingly. If you can, consider using solar energy and taking advantage of the sun’s free rays. This will likely be a higher upfront cost, but should easily pay itself off over time.

Seal & Insulate

Wherever possible, no matter how small the crack may seem or irrelevant the opening, seal and insulate. Take just a half a day to go around the house and caulk any cracks that may have occurred over the year. Place draft stoppers behind your light switches and get some cozy draft door stoppers for all your outside doors. You may not think these are big enough crevices to make a difference, but over 24 hours a day, 7 days a week, all fall and winter long, that’s a lot of heat escaping and a significant amount of money wasted.

Finally! Remember, an extra layer or two of clothing can go a long ways towards keeping you warm and cutting down your overall cost. And one last tip: stock up on your winterizing products now while it’s still fall. The closer winter gets, the higher those prices are going to rise to meet demand. Purchasing things like de-icer and your heaters now is just one more way to save on your overall heating bill.

About author: Freelancer Jocelyn Anne writes for Heater Home, a company that seeks to help every family find the most affordable and best heater for their home, whether that’s a single room heater or even a fireplace heater.



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Insuring Against an Unthinkable Diagnosis

This is a guest article from Sachin

serious-illness-insurance It is impossible to know what awaits us so how can you try and protect yourself financially in case of a serious illness or accident. Trauma insurance is one option that will give you some peace of mind.

Trauma insurance can protect you in the case of an extreme accident or illness. Unlike life insurance, this type of coverage is about covering the medical expenses that come with being seriously or critically ill. Serious illness may be something most of us prefer not to think about but it may be worthwhile protecting you and your family.

While many of us think about getting home insurance or contents insurance it is easy to forget to insure yourself against the unthinkable.

What are some of the costs of being injured or seriously ill?

# Medical expenses are the obvious one with more visits to the doctor as well as specialists and possibly even surgery and other procedures.

# Housing costs will continue when you are ill and if you are not covered your family will have to pay.

# Food bills will also have to be covered and you may end up being on special diets depending on your diagnosis.

# Along with all of this you still have electricity, phone and any other bills that need to be paid regularly.

With this small list of examples you can begin to see how being diagnosed with a serious illness will dramatically increase your costs of living. Not only will you be paying for everything from before your diagnosis but you may also have to pay for medications and treatment. This can add tens of thousands of dollars to your yearly expenses not to mention the stress to you and your family.

Why Trauma Insurance?

Trauma insurance (or critical injury insurance) seeks to protect against the above concerns and costs that can arise in the case of a very serious accident or diagnosis of a terminal illness such as cancer. The main idea for trauma insurance is to provide an additional safety net in case the worst should happen. While there are increasing amounts of people accessing income protection insurance this type of coverage will not directly help pay for treating your illness or injury.

What's the Worst That Can Happen?

It is easier to ignore the worst that might happen to you but simple and cost effective coverage through an insurance company can give you peace of mind. So what kinds of incidents and illnesses are usually covered by trauma insurance?

# A range of heart problems including heart attacks.

# Various forms of cancer.

# Falling into a coma.

# Dementia.

# Various organ transplants.

# Quadriplegia and paraplegia.

# Extreme burns.

Depending on your insurance company the type of coverage that is provided in case of extreme trauma will vary. In all cases a list of eligible conditions and accidents will be available. Be sure to check exactly what you will be covered for when you purchase any types of insurance.

Alternatives and Complements to Trauma Insurance

While there is no real alternative to trauma insurance there are other types of coverage that can compliment it. To provide complete piece of mind you may want to look at inquiring about life, income protection as well as other types of insurance. Insurance is all about protecting yourself from the unforeseen and even the unimaginable and so it helps to have that financial assurance in place just in case.


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Should You Upgrade or Replace Your Computer?

This is a guest post by Marcos Garza

pc-computersYour computer, be it a desktop or laptop, has an average lifespan of three to five years. With money being tight for everyone, you need to determine if you really need to replace your computer or if an upgrade will suffice. Since many people are not as computer savvy as they would like to be, the average computer user quickly becomes overwhelmed when it comes to determining whether to replace or upgrade their current computer.

This is where you need to sit back and ask yourself some important questions in order to determine if you should simply upgrade your existing computer or take the plunge and replace your computer. To make an informed decision, ask yourself the following questions:

# Does my current computer still work well and run the programs I need it to run or have my needs dramatically changed?

# Do I really need to be running the latest version of my software, such as Windows or my word processing or are my current versions adequate for my needs?

# Are the low, advertised prices for new computers influencing my decisions?

# Do I really want to go through all of the hassle of reloading all of my software and documents onto another computer?

# Will my existing printer and other hardware work with the new computer?

# Is my existing computer even upgradeable?

# Can I afford a new computer?

# How old is my existing computer?

There are things that you can do without purchasing a new computer. Such as:

# You can upgrade the CD/DVD drive or add an external unit.

# You can add another hard drive, replacing the existing one with a unit with more capacity, or adding an external hard drive. You can easily find external hard drives with 300-500 GB capacity for under $100. With an external drive, you can easily transfer your data from one computer to another.

# You can add more RAM. Check the Internet or your computer manufacturer’s website to determine what kind of RAM your computer takes and how much RAM it can handle. Upgrading your RAM is an easy and relatively inexpensive thing to do.

# More and more programs and games require the latest video card in order to run. This is another easy, relatively inexpensive upgrade.

# You can replace or upgrade your laptop battery in order to provide you with a better battery or more battery time.

# On desktop models, you should be able to upgrade your motherboard and CPU.

If doing some or all of these upgrades will solve your problems, then upgrading is the answer. However, you still need to determine if upgrading is the most economical solution for you. You will need to add up the total cost of the upgrades. If you are not comfortable doing the upgrades yourself, then you will also need to factor in the labor costs. Computer repair shops charge either by the hour or by the job. You will need to locate one near you that has a good reputation and visit with them to determine if you feel comfortable turning your computer over to them.

Even if upgrading is the more economical solution, you need to honestly access just how much longer your current computer will be viable. With an average lifespan of three to five years, the last thing you want to do is spend money on a computer that might be close to dying on you. In that case, buy a new computer, but keep your old one as a back up.

After you ask yourself these questions, you still might not know which way to go. Many laptops have limited capacity for upgrades. If you have already installed as much RAM as the laptop will hold, you have the best graphics card that the motherboard can handle, and the processor is not upgradeable, then you most likely are looking at buying a new computer.

If you have a desktop, then you have more options. You are more likely to be able to upgrade the motherboard, the processor, and the CPU, however, many of these upgrades are much more expensive. As with any upgrades, you will need to determine if your existing computer components (hard drive, CD/DVD unit, graphics card, etc.) will be compatible with the new hardware. If not, then your upgrade will only get more expensive.

Until the first Service Pack is available, many computer repair shops do not advise upgrading to the latest version of Windows. This is because they have seen first hand the problems that any new release has and they know that the first Service Pack will fix most if not all of these problems. If you wish to know if your current computer can run Windows 7, then follow this link to the Windows website and download the Windows 7 Upgrade Advisor.

This download will examine your system and let you know if your computer is capable of running Windows 7, what upgrades you might need in order to run it, and which versions of Windows 7 your system can handle.

You have one final option. You can buy a refurbished, used computer from a computer repair shop. Refurbished either by the manufacturer or by Microsoft, these used computers come with new hard drives installed in them. Most of them will come pre-loaded with the latest Windows Software. They usually come with a limited 30-day warranty.

About the Author: Marcos Garza is the owner of Global 1 Resources, a retailer of brand name server racks & equipment. In addition to server cabinets, he also sells networking hardware and accessories for IT departments.


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Top Credit Cards - The NEW Chase Ink Bold

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Watch Out for Debt Settlement Scams

This is a guest article from Bob Underwood

debt settlement scam alertFinance scandals have a pretty long history. The latest scandal to hit the stand is debt settlement scams.

The economic scenario in the post-recession U.S is quite scary. Consumer debt has reached $2.43 trillion, as per statistics from the Federal Reserve. A lot of people are struggling to pay off their unsecured debts. In such a scenario, shady debt settlement companies are surfacing to exploit the unsuspecting debt-stricken consumers.

How can unscrupulous debt settlement companies deceive you?

They will promise you that they will wipe out all your debts. The internet is inundated with advertisements from fraud debt settlement companies. Their offers might seem to be lucrative and mind blowing, but would actually put you in deeper financial trouble.

Most debt settlement companies charge an incredibly high fee for their services. The worst part is that they won’t even let you know that they will eventually charge you so much. In other words, a large part of their fees comes in the form of hidden charges. So be prepared for a series of nasty surprises if you approach a debt settlement company. If you can afford their fees, then you would not have been in debt in the first place.

Secondly, these companies will hardly offer you any services in return for your money. This is not just a wild guess. If you check the Better Business Bureau rating of these companies, you will be taken aback by the number of complaints. Most debtors complain that these companies are unresponsive when they are needed to act. At best, they will save you a scanty amount, which will surely not justify the money they charge.

Finally, debt settlement will leave you ruined in terms of credit score. This debt relief program is just next to bankruptcy when it comes to hurting credit rating. When you will approach the lenders for a loan in the post-settlement period, they would check your credit and find out that you have been in a settlement program and not paid back your debt completely. So securing credit will be extremely difficult. Therefore, it is no surprise that the settlement companies usually try to keep their clients in dark regarding this issue.

Debt settlement can work for some people provided they are with the right companies. But it is virtually impossible to separate the good from the bad ones in the over-crowded debt relief industry. So proceed with caution.

This article is a guest post from Bob Underwood. Bob is the editor of Amazing Shit, a blog on entertainment news, reviews, and downloads.

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Top Personal Finance Resources for Beginners and Experienced

online personal finance resourcesIf you are searching for some best, free resources to learn personal finance and all the topics related to the same, here is a list of sites which have tons of article and self education materials to be familiar with personal finance and other related topics. Have a look:

1. About.com

About.com known as the best place in the net to learn about anything. It has a dedicated section for personal finance which give all the information by arranging it in a well manner. Have a visit. It just not have some information but it is an encyclopedia for personal finance. Whatever you want to know about personal finance, available there in About.com

2. The Motley Fool

Fool.com is a treasure with information on personal finance and investing. It has a well structured personal finance page to educate readers where huge number of well written articles on on saving and spending, credit and debit, home and real estate, death and tax etc... available.

3. Investopedia.com

As name suggests, it is of course for free investment education site. However, it has a dedicated page for personal finance with lots of fantastic articles on various personal finance subject. It is of course a nice page to visit and learn lots of new things regularly.

4. CNNMoney

CNNMoney personal finance page is an ideal location for beginners as well experienced. This would not only gives articles on various personal finance subjects but also give lots of latest news and reviews. Worth visiting and reading daily.

5. MSN Money
Well known, respected and trusted site. It has huge collection of personal finance related articles and covers almost all the topic on finance. A nice place for beginners to start with.

6. Yahoo Finance

A best place to read simple yet powerful information and articles on personal finance and related topics. I really like to visit the Yahoo finance page because it is simple to browse through all the available features and sections. Lots of nice and effective articles available here.

7. WIFE.org

A new comer to this section but it is a well established site. when I have seen this, the first thought was it only post information for women but further digging found it is a good source to learn about personal financial lessons in an effective way. Have a look and share your experience with this site.

8. SmartAboutMoney.org

The National Endowment for Financial Education is an independent, nonprofit foundation committed to educating Americans on a broad range of financial topics and empowering them to make positive and sound decisions to reach their financial goals. It has a section called "Resource Library" and once you entered to this section, you don't need to go anywhere to educate self about personal finance and relevant subject. It has all for you there itself.

9. MyMoney.gov

MyMoney.gov is the U.S. government's website dedicated to teaching all Americans the basics about financial education. it has complete reference to all required sites and resources to teach yourself on anything in finance. A wonderful site to visit and search on what all you need on personal finance

The websites mentioned above are sufficient to read and learn about personal finance and its related topics. You need a life time to read all the articles in these sites because all of these sites are updating regularly with most relevant information, education materials and articles.


Sherin Dev is the founder and editor of Investinternals.com & moneywithmoney.net. Learn more about him here. Follow him on Twitter @Moneyhacker or at Facebook. If you have any queries, contact at investinternals@gmail.com

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Quick Guide to the First Home Owner Grant

From Editor: This is a guest article by Sachin

first-home-buyerConfused about the first home owner grant? Wondering whether you’re eligible? Use this quick guide to cut through the jargon and find out what the grant is all about.

The First Home Owner Grant (‘FHOG’) was first introduced by the Federal government in 1 July 2000 to offset the effect of GST on home purchases. While it’s a national scheme, it’s administered and funded by the states and territories. While it may not be able to be used for investment property in Sydney it is still a great way to add to your first deposit. In this article we take a closer look at the grant, its eligibility criteria, and specific state/territory requirements

What Is It?

The FHOG is a one-off grant of up to $7000 available to first time home owners who meet the stated eligibility criteria. The grant can be used for any aspect of the purchase, including the deposit amount. As such, the grant can be very useful for covering aspects of the purchase, including relatively smaller items like conveyancing fees.

During 2008 and 2009 the FHOG was doubled to $14,000 to alleviate the impact of the global financial crisis. While the grant has since been halved back to the original $7,000, there are additional state- and territory-level incentives and subsidies that you may be eligible for. It may not be used for investment property Sydney but you can buy a dwelling, live in it for a while, and then rent it out later to get around this.

The First Home Owner’s Grant – Operation and Key Criteria

How Does It Work?

There’s no tax on the grant itself. The applicant can apply directly through the local state revenue office or apply through their lender, which is usually an approved bank or lending institution, and the grant can then be paid directly to the lender. There is no fee payable to apply for the grant and processing times are usually very fast – within two weeks.

The grant can only be used once. The grant is approved at settlement or after settlement. Your conveyancing professional can provide you with advice about how this works.

Key Criteria

While each state and territory may have additional requirements, these are the key criteria for the FHOG:

# Residential status – you must be an Australia citizen or permanent resident.

# Prior ownership of property – you must not have owned property in Australia before.

# Residence – applicants are required to have lived in Australia for at least the past six months.

# Age – applicants need to be 18 years of age or over.

# Personal purchase – applicants are required to be purchasing the property in their name and not through a company or trust.

# No prior grants – Neither the applicant nor their spouse can have claimed the grant before.

# Eligible home – the home must be within Australia and should be a (new or existing) house, unit, flat, or some kind of self-contained dwelling that can be used as a home residence. So, for example, it can’t be a commercial or office property.

# Residing in the property – at least one of the applicants need to live in the property for at least six continous months. This six month period must start within the first 12 months after buying the property.

# Application cut-off – if you’re apply after purchase or building your own house, generally you’ll need to apply within 12 months of settlement or completion of construction.

Additional Concessions and Requirements by State/Territory


Property Value Cap Amounts

In the ACT, Queensland, Victoria, and the NT, the cap amount is $750,000. Applicants who purchase a house for more than the cap amount won’t be eligible for the FHOG. For the other state, these caps currently apply:

# New South Wales: $835,000

# South Australia: $575,000

# Western Australia: $750,000 or $1,000,000 for property north of the 26th parallel

# Tasmania: No limit

Each state and territory may have their own additional first home owner bonuses and grants as well as subsidies and stamp duty exemptions. Some of these can amount to thousands of dollars in concessions. It’s important to find out more from your state or territory government and ensure that you’re aware of all the state-level grants available.


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Managing an Investment

From Editor: This is a guest article by Andrew Black

investment-management-processDo you have savings? It is not enough that you keep it in your bank account. While it is true that it would grow through the interest imposed, it is just logical that bank deposit interest rates simply are too small. Why not attain the full potential of your money by investing it properly and effectively? Managing an investment is not as risky and as difficult as you may think.

If you decide to just keep your savings in your bank account, it may grow by about 4% to 6% per year. If the current inflation rate is from 6% to 8%, you should realize that your bank savings account would lose value over time. It is much more ideal if your savings could grow by more than 9% annually. You have no idea just how much it could possibly grow if you put it somewhere else.

Your savings could grow by as much as double in just a short period if you would invest it well. Managing an investment is a skill or expertise you should learn. Thus, you have to be familiar in investment management. There are four basic steps to the process.

1. Setting your investment objective


Before you proceed to manage your investment, you should of course set your own objectives. Of course, you intend to make your money grow, but how much and how long? Be realistic when setting your investment goals. You may start by aiming to grow your investment by 10% within six months.

2. Establish your own investment policy


It is not wise to invest all of your savings into a single investment product. Establishing your own investment policy involves logically allocating your resources to control and avoid risks. You may have to assess the current economic environment before deciding where and how much to invest. For instance, you may decide to invest 75% of your savings in stocks and the other 25% in bonds. Then, set your goals and limitations when it comes to investing into specified products.

3. Have a portfolio strategy

Set your own investment strategies. For instance, if you invest in stocks, which shares from what industries would you buy? You may have a goal to immediately sell your shares if those grow by 20%. It may take a short while or several months. The strategy would protect your investment against risks.

4. Measuring and assessing investment performance

Every now and then, you should monitor and evaluate how your investment is doing. You have to check if you are currently on track to attain your investment objectives. You could do this by calculating any growth of your investment, considering the time or duration. If your target growth is not likely to be attained or if the investment is not growing after some time, you may have to pull it out and transfer it to a better investment product or venue.

Managing an investment may not have to require an MBA or financial expertise. You could manage your own investments if you were realistic and optimistic about the market. There are many investment products out there. All you need to know is to do some research before deciding to take any.

About Author: Andrew has been writing on personal finance for the last 2 years. He is a trained advisor and currently works for a private lender, where he specialises in mortgage refinancing solutions.



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India Art Collective announces India’s First Online Art Fair

Burgundy Art Pvt. Ltd. provides access to the best of Indian art through this pioneering initiative. This would certainly help art investors and art collectors worldwide.

mf-hussain-arts14th September 2011, Mumbai: Burgundy Art Pvt. Ltd. today proudly announced the debut of India’s first online art fair, India Art Collective (IAC). This initiative aims to showcase the best art India has to offer and explore the unlimited potential of the online medium. India Art Collective is a collaborative effort of all galleries to join hands and collectively participate through a first of its kind, exclusive online art fair – India Art Collective.

With the rapid growth of the online space, an initiative like India Art Collective becomes imperative. Given the omnipresence of the medium, it will help diffuse geographical boundaries and facilitate convenient collecting of art at transparent price points, besides increasing awareness and access to a wealth of art in the country.

The country’s most renowned art galleries like Chemould Prescott Road, Nature Morte, Gallery SKE, Sakshi Art Gallery, Vadhera Art Gallery, Gallery Espace, Apparao Galleries, Akar Prakar, Palette, Latitude 28, Tao Art Gallery, The Guild, Experimenter, Kashi and likes will showcase Indian art and provide art buyers and collectors with an easy and convenient access to a large inventory of quality Indian art. India Art Collective proposes to hold the online art fair twice annually and offers galleries an opportunity to reach out to a broader audience at a fraction of the cost compared to a traditional art fair.

The online fair will begin from Saturday 19th November, 10.00 a.m. IST and conclude on Saturday 26th November at 7.00 p.m. IST. All are welcome to browse this engaging online fair through the website www.indiaartcollective.com. Browsing the fair is free of cost.

Sapna Kar, Co-Founder & Fair Director, India Art Collective says, “We are proud to present India’s FIRST and ONLY online art fair - India Art Collective. Art fairs occupy a central position in today’s art world allowing art lovers and collectors to discover a vast collection and newest trends at a single location. India Art Collective makes that location where ever you are, thus making access & collecting more convenient than ever. The participation of India’s most reputed galleries ensures that collectors can browse, book & buy from an inventory of high quality modern & contemporary Indian art

Sunil Gautam, Past Chairman and Founder, Hanmer MSL and Advisory Board member of India Art Collective further adds, “An online art fair for the first time in India, is an exciting way to make technology interplay with aesthetics & commerce. It promises to make the discovery of art, easier and less intimidating. It is a step in the right direction to help grow the Indian art market.

Sharan Apparao, owner of Apparao Galleries says, “At a time when technology is becoming an increasingly important part of our lives, and the world is becoming a smaller place – a venture like India art Collective is the need of the hour. Full marks to the team launching the online art fair, it will benefit us collectively.

The advisory board for India Art Collective consists of doyens of the industry who have been instrumental in creating some of the country's most successful brands like Sunil Gautam, Founder of India Art Summit, Piyush Pandey, Executive Chairman & Creative Director, South Asia Ogilvy & Mather and Dr. Bhaskar Das, President, The Times of India Group. They bring years of experience and diverse expertise to India Art Collective. The entire event is organised and conceptualized by Burgundy Art Pvt. Ltd.

Indiaartcollective.com will break new ground in the context of browsing and buying Indian art in the online space. The navigation has been simplified to allow collectors to view art through three categories based on price – the Signature Series, the Collectors Series and the Value Series. Additional searches by artist, gallery or medium ensure that browsing the fair is an exciting, personalised experience.

Art enthusiasts and collectors can zoom in to scan details of a painting’s surface, get multiple views of three dimensional works, watch videos of multimedia displays, and get comprehensive detail on artists and galleries. Artworks will be displayed in a standard exhibition wall height of eight feet. Using an innovative slider wall technology, art pieces will be showcased in an infinite wall space. Artworks will be in relation to other works of art with a feature to view the same in a relative scale to a human figure. Visitors to the fair can also share their favorite work with friends through social networking sites.

Diffusing geographical boundaries and boasting of an exhaustive range of art at transparent price points, India Art Collective, India’s first and only online art fair will be a veritable treat for Indian art aficionados across the world.

Highlights of IAC

- IAC is India’s first online art fair. It enables a collector to browse, book & buy without leaving his personal space

- Over 40 leading galleries from across the country will display over 800 works of modern & contemporary art

- The fair will be held twice annually

- Viewers can browse the fair by gallery, artist, price or medium. Browsing is free of charge.

- The fair will open on November 19 at 10:00am to November 26 till 7:00pm

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Citi Thankyou Preferred Card Review

citi-thankyou-preferred-card-reviewThe Citi ThankYou Preferred Card is an industry best rewards card launched by Citibank. After reading through the fine print about this product, I am very happy to say that this card have lots of features than any similar card in the market. some of the major benefits are, it don't have any annual fee. It offers 0% introductory APR (Annual Percentage Rate) on purchases and balance transfers, and also rewards you when you spend on the card. You will receive 20,000 bonus points (worth $200 in gift cards) after making $700 in purchases within the first 3 months! A great deal right?

Subscriber of Citi ThankYou Preferred Card would earn 5 ThankYou Points for every $1 you spend on purchases at gas stations, supermarkets and drugstores for 12 months; and 1 point for every $1 you spend thereafter and for all other purchases. It don't have any expiration and no limit on the number of points you can earn.

Some additional points can be achieved through, receiving anniversary bonus every year, through enrolling account online and signing up for paperless statements, shopping through thank you bonus center, a network of 600+ retailers you know and love.

Here is a more detailed review of the front and back of the Citi ThankYou Preferred Card and its features.

Major Features of The Citi ThankYou Preferred Card are, but not limited to,:

- $50 gift card - When you redeem the 6,000 bonus ThankYou® Points received after $300 in purchases within 3 months of account opening.

- 0% Intro APR (Annual Percentage Rate) on Purchases and Balance Transfers for 15 months. After that, the APR will be 12.99%-20.99% based on creditworthiness*

- 5 ThankYou Points for every $1 you spend on purchases at gas stations, supermarkets and drugstores for 12 months and 1 point for every $1 you spend thereafter**

- No expiration and no limit on the points you can earn

- Redeem ThankYou Points for merchandise, travel rewards, gift cards, cash and more

- No annual fee*

Earning Additional Points

- Additional Points: Earn 5 ThankYou Points for every $1 you spend on purchases at gas stations, supermarkets and drugstores during the first 12 months and 1 point for every $1 you spend thereafter and on all other purchases.

- Other Bonus: $50 gift card - Redeem 6,000 bonus points after $300 in purchases within 3 months of account opening

- Additional Perks: $0 liability on unauthorized purchases. Various Internet account related services. Identity theft solutions. Price protection program. Optional personal photo on card. Fraud and security protection services. Lost and stolen card reporting. Emergency cash replacement. Emergency card replacement. Automatic bill payments. Year-end financial statement (upon request). Auto rental insurance. Various travel and emergency assistance services. Medical referral services. Legal referral services. Lost luggage assistance. Discounts on auto rentals. See website for additional benefits.

Fee Structure - The most lucrative part

- Annual Fee: $0

- Cash Advance Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater.

- Balance Transfer Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.

- Late Payment Fee: Up to $35

The Citi ThankYou Preferred Card is quite a remarkable card as it has a pretty good rewards system through the Citi ThankYou network, as well as having 7 months of 0% intro APR on purchases and balance transfers. As a signing bonus, you get to earn 20,000 bonus points when you make $700 in purchases within the first 3 months, which you can use to redeem for a $200 gift card. As a cardmember, you can also get exclusive access to concerts, restaurants, sporting events and more with the Citi Private Pass. So if you are someone who likes entertainment and dining out, this is something you will appreciate having.



So if you prefer to have a rewards card with no annual fee and have 7 months of 0% intro APR on purchases and balance transfers, you should go for this Citi ThankYou Preferred Card.


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False Myths About Life Insurance

From the Editor: This is a guest article by Denise Mancini

myths-About-Life-InsuranceIn spite of people having access to so much information in the Internet-savvy age we live in, some people still have misconceptions about life insurance. Here are a few myths you might have unknowingly subscribed to:

Myth 1: You can’t get life insurance if you are not in the best of health.

False. There are life insurance companies that specialize in life insurance policies for those with unsatisfactory health conditions or lifestyles. You may not get the cheapest life insurance rates, but these companies will work with you in order to accommodate your needs. If you’re health is seriously affected making you ineligible for any type of life insurance policy, there are life insurance companies that offer no-medical exam life insurance offering a maximum coverage of up to $300,000.

Myth 2: A stay-at-home-spouse doesn’t need life insurance

False. A stay-at-home-spouse makes a tremendous financial contribution to the family income, though these services are often unaccounted. Think about how many services you would need to employ if your stay-at-home spouse were absent. You may need to hire a cook, a housekeeper or pay for daycare for your children. You may need to cut down your working hours in order to spend more time with your kids. Insuring your spouse would provide you with death benefits to meet those extra payments and cut down on your working hours if you need to. Salary.com combined all the functions of a stay-at-home spouse and assigned a value to each. The total income of a stay-at-home spouse was valued at around $138,000!

Myth 3: All life insurance policies are the same

False. All life insurance policies are not the same and you need to take a good look at each policy to find out which one suits your life insurance needs the best. Each life insurance company has a different set of underwriting rules, so you’ll find a difference in life insurance rates. Some may offer options like renewability or waiver of premiums which are worth considering. Look for free riders and compare terms and conditions as well.

Myth 4: Getting life insurance is complicated!

False. Online shopping for life insurance offers convenience, speed and savings! There are many life insurance quoting and brokerage firms, representing the best-rated life insurance companies. All you need to do is answer their online questionnaire and they’ll provide you with instant life insurance quotes for side-by-side comparison to help you find the best values in life insurance. These aggregator websites provide you with clear-cut, unbiased information on life insurance and how you can take advantage of competitive rates. They also offer a personalized approach to purchasing life insurance by providing licensed life insurance professionals who can answer any of your individual queries on life insurance. In contrast, agents have a smaller portfolio and may “push” you to buy policies that may not be beneficial to you.

Myth 5: I have life insurance through my workplace so I don’t need to purchase more

False. The life insurance offered by your workplace may offer nominal coverage, which many not be enough to meet your life insurance needs. You don’t want your family to be inadequately insured and suffer financial hardship after your die. Another disadvantage to workplace life insurance is that it is

terminated when you leave the job. It’s best to compensate for the inadequacy of workplace life insurance through an individual life insurance policy which would remain in effect irrespective of your job.

Myth 6: I don’t have any dependents, I don’t need life insurance.

False. Some people think that if you don’t have a family to support, you don’t need life insurance. You definitely need to be insured if anybody relies on your income for their livelihood, but those who are still single may have debts to pay off which they have co-signed with a parent, friend or relative. A life insurance policy would help ensure that that debt doesn’t fall on somebody’s shoulders, if you should die unexpectedly.

Myth 7: Life Insurance is expensive.

Life insurance rates have actually come down in the past decade as life spans have increased. Internet shopping has also spurred competition within the life insurance industry. Seniors in their 50s and 60s have a good chance of finding a cheap life insurance, if they feel they need life insurance to augment their retirement fund for a surviving spouse.

Get going!

So, what are you waiting for? Go ahead, get instant online life insurance quotes and search the Internet for the best values. It’s never been easier to buy life insurance!



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Advice on Dealing with Debt

From Editor's Desk: This is a guest article by Sam Butterworth

Advice-on-Dealing-with-DebtUnfortunately living in debt is not uncommon these days and this problem is rather widespread. Debt is no new phenomenon though and throughout history people have exceeded their means and had to borrow a few extra shekels or shillings. Today credit is more available than ever with credit cards, store cards and retail repayments schemes all easily available to most people.

You may well have used these means of securing funds or making purchases before, and of course you will be aware that at some point your creditors will want you to make repayments. This is where some people find themselves in trouble.

What are the major causes of debt?

The ease of access to credit today is one of the main causes of debt, or at least the biggest factor that allows people to get themselves into debt. Credit is usually taken to make large purchases such as cars or to contribute to buying a house, or perhaps to pay for a holiday. The intention is usually to repay these funds as soon as possible, but sometimes this doesn’t happen and debt can mount.

Common problems caused by debt

Debt can cause numerous problems, both financially and personally and whether you are in debt or not you should be aware of them.

- Financial problems – if you fall into debt is it very easy to end up with a bad credit rating, which could affect future borrowing and cause problems trying to get a mortgage or other loans. You could also find yourself without the funds needed to make monthly repayments and find yourself in a cycle of borrowing, where debt continues to increase.

- Personal problems – if you’re in debt it is very common for you to feel stressed, anxious and even depressed and this can consequently affect personal relationships with family and friends.

What are your options for dealing with debt?

Thankfully there are a number of options for dealing with debt, so if you are in a financial black hole, it is important to know that escape is possible. Possible solutions to debt problems include the following:

- Bankruptcy – this is a way to write of debt accrued, though it is usually only used as a last resort. Your possessions and home may be used to pay your debts, it can affect employment and prevent you from borrowing any money over £500 without telling your lender that you’re bankrupt.

- IVA – an IVA or Individual Voluntary Arrangement is a way to write off a portion of outstanding debt. This involves an insolvency practitioner coming to an agreement with your creditors, allowing you to pay a reduced amount to settle your debts. As with bankruptcy there are drawbacks to an IVA and it will seriously affect your credit rating, making it difficult to get loans, buy on credit and open new accounts.

- Consolidation loanConsolidation loans are popular alternatives to the above options and could allow you – if you’re struggling to make monthly repayments – to do away with multiple monthly payments and replace them with one lower monthly payment. This is a method of moving away from debt that is chosen by many people and it might be the right choice for you. However, if opting for a secured loan to consolidate debt, it should be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.

The important thing to remember is that if you are in debt there are a number of ways to deal with it, and to move forward towards financial liberation.

About the author: Sam Butterworth writes for Nemo Personal Finance, who may be able to help you if you’re struggling with debt. They offer debt consolidation loans and other options to help you deal with debt.


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Credit Card Providers Innovate As Consumer Attitudes Change

From Editor's Desk : This is a guest article by Mike Brains

card-creditIn these times of austerity and high inflation, the average consumer has had to cut back in many areas, including the use of credit cards. Card interest rates are at a 10-year high as providers battle to protect margins amidst defaults and write-offs and people are more debt-averse than ever before.

In such a harsh climate it’s no surprise that overall use of credit cards has decreased according research by Mintel. Their survey of over 1000 adults has revealed that more people than ever before are avoiding large balances on their credit cards by clearing debts as soon as possible. Gone are the days of cheap credit and less than perfect financial management, the modern credit card holder is responsible and conscious of debt commitments.

The Mintel research revealed that almost two thirds of credit card holders are clearing their outstanding balance on a monthly basis. Even more remarkable, almost a fifth of all participants said they have tried to reduce their credit card usage in the previous two years. With such attitudes towards credit card use, it’s more difficult than ever for providers to encourage customers to use their plastic to pay for goods and services.

Credit card lenders have a number of methods to try and stimulate customers, the main ones being rewards schemes and incentives. These have been the main focus of the major providers for the last few years and continue to be used to try and increase transaction levels.

Other product areas targeted to increase card use include competitive interest rates, balance transfer offers and 0% deals. These have all been scarce in the market since the economic downturn began but are slowly returning with the aim of pulling in new business.

Possibly one of the most interesting new developments in the credit card industry, and one likely to get consumers excited, is the introduction of contact less payment. In a world where most people are time-poor, a service where an account holder can either swipe her card or phone to pay is surely a big selling point.



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Visa Black Card Review

The World’s Most Prestigious and Versatile Credit Card,” Barclays’ Visa Black Card has garnered a lot of attention in recent months. What does this card offer to its users and who can benefit the most from it?

The Black Card is pretty unique as it is not made of plastic but Carbon. The card has been getting lots of coverage in the media lately, so let's see what it has to offer. Made of carbon graphite, it is challenging American Express’s famous Centurion card as a direct competitor.

Features:

The card provides 1% cash back on all purchases that you can redeem towards travel or airline.You'll also gain access 24-hour world class Concierge Service, ready to assist you with all your travel, leisure and personal needs.

As a part of your agreement with Barclay's, you'll receive luxury gifts from some of the top brands in the world. You'll also gain access to Priority pass. Priority Pass is the world's largest independent airport VIP lounge program, allowing you access to more than 500 airport lounges in over 90 countries worldwide.

Here are a few other features that you get with your Black Credit Card:

# Limited Membership
# Exclusive Travel or Cash Back Rewards Program
# 24-Hour Personalized Concierge Service
# VIP Access to over 600 Airport Lounges Worldwide
# Luxury Gifts from the World's Top Brand Names
# Ultra-Modern Carbon-Construction Card Design
# Visa Black Card Perks, Benefits and Protections
# Inclusive Annual Fee

Here is a a classic Black Card ad video

Personalized Concierge Service

This world-class concierge service is exclusively available to Black Card members 24 hours a day, 7 days a week. Courteous, capable representatives stand ready to assist you with all your personal, travel, and hard-to-find requests.

Country and City Information - Know before you go with relevant customs, holidays, tourist, and shopping information as well as the local highlights: shows, exhibitions, museums, festivals and more.

Gifted Excellence - Arrange for the perfect gift, whether it's baskets, floral arrangements, special requests, or simply advice regarding the ideal gift for unique occasions.

Business and Entertainment Planning - Reserve tickets to desired concerts, shows and events or the very next flight to an important meeting. Restaurant reservations, tee time, foreign protocol information and even emergency translation services and conference arrangements are simply a phone call away.

Travel Arrangements - Be prepared with flight reservations and ticketing, weather forecasts, customs, VISA passport locations, mass transportation and hotel information and more.

Specialty Services - The devil is in the details. Receive invaluable assistance with unique requests such as obtaining rare book and record copies, specialty service referrals, specialty research and shopping requests and much, much more.

Protections and Coverages

The Black Card™ is there when you need it, ensuring that everything from the merchandise you buy to the tickets and even the trips you buy them for are protected in case of unforeseen happenstance, emergencies, or disappointments.

ZERO Dollar Fraud Liability - Complete protection against unauthorized charges to your card.

Purchase Security - Replace, repair or reimburse up to a $500 dollar maximum within the first 90 days from the day you purchase most items.

Warranty Manager - Registers warranties as well as affords you extended protections up to one year from the date the original manufacturer's warranty ends.

Lost Luggage Reimbursement and Bag Delay Insurance - Purchase your fare with your Black card and carry-on or checked luggage is covered up to $3,000 per trip if lost or stolen. You'll even be reimbursed for essential expenses up to $100 per day for three days should your baggage be delayed.

Trip Interruption/Cancellation - Enjoy up to $1,500 in reimbursement should a qualifying trip cancellation or interruption occur.

Auto Rental Collision Damage Waiver - Reserve and pay for your automobile rental with your card and decline the in-house damage waiver and you'll be covered up to the full value of most rental vehicles.

Additional information

0% Introductory APR for 15 Months - The Black Card™ allows you to leave the trappings of your more pedestrian credit cards behind. Enjoy 0% APR on all balances transferred for the first 15 monthly billing cycles since you opened your Black Card account.

Global Acceptance - Your Black Card is good anywhere Visa is accepted in over 170 countries worldwide.

Travel and Emergency Services - Your Black Card is an essential resource when coordinating medical, legal and travel services while you're away from home

Roadside Dispatch - The Black Card™ makes traveling the open road safer and easier by providing convenient 24/7 towing and locksmith referral services in both the U.S. and Canada.

Trip Delay Reimbursement - take the stress out of travel delays. When your trip is more than 12 hours delayed due to a covered event, expenses incurred such as meals and lodging will be reimbursed up to $300 per ticket.

Inclusive Annual Fee - With the exception of roadside services and travel and emergency referrals, the $495 dollar annual fee covers all perks and benefits provided through your Black Card.

Apply for one now by clicking on the below image:



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Death Proof Your Finances

From Editor's Desk: This is a guest article by Chris Spann

title-insuranceDo you have kids?

If the answer to this is yes, then you’ll know exactly how much that as a parent, you’d do anything to keep them safe and not wanting. Whatever the circumstances, you want your kids to do as well as they possibly can whether you’re there or not.

So, that begs the question: If the worst were to happen to you (Or whoever the main earner is in your household), what would your family do? A serious illness (Or worse) can really take its toll on a family, both from a personal point of view and a financial one as well. After all, if the household’s main breadwinner is suddenly no longer bringing money in, what can the family do to get by?

The answer, of course, is life assurance, term assurance, life assurance or whatever else you want to call it (Although technically life insurance and term assurance are separate products). Whilst nobody ever wants to think in this way, your life does have a value, especially to your creditors (mortgages, credit cards etc), and keeping them happy in the event of your passing is extremely important – especially your mortgage!

If simply protecting your home is your only priority, then life insurance needn’t cost the earth - a simple policy that will decrease in value roughly in keeping with the capital remaining on your mortgage is probably the cheapest option available, and this policy will also likely get cheaper over time as the sum assured decreases. These policies are likely the most cost effective way to protect your home, and mean that until the house is 100% yours, your passing would not compromise your family’s home.

Of course, if you would like to leave your family a lump sum if the event of your death (Perhaps to cover university fees, other debts or whatever other concerns you may have) that is of course achievable, but you will likely end up paying more for this policy because as you get older you pose more of a risk to your insurer.

Of course, the next question is this: How do I make my life insurance?

There are actually two answers to that question. Both will make your insurance cheaper, and even better you can combine the two for added effect!

The first thing you can do is simple: Get healthy. Quitting smoking will reduce your premiums very quickly, as will losing a little weight – especially if your BMI is over 30. 30 is also the threshold for obesity, so by losing weight you’ll be doing yourself a favour for a number of reasons!

The other thing you can do is shop smart. Don’t just take the first deal you see because it looks good – try using a comparison site like moneysupermarket.com or a broker in order to find your cover. This option is actually doubly recommended as quite often these services often provide you with someone to speak to who can help you through the application process – it can be a long and frustrating experience, so having a friendly voice at the other end of a phone could really help!

Nobody wants to think about life insurance – it’s a morbid thing to think about. However, the fact remains that you may need to protect yourself for the worst, and as such it’s probably not a bad idea to go about it in the best (and cheapest!) possible way!


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Sony's New 'Tablet S' Ready to Launch

pad-tabletpcSony, whose brand and reputation for design have long resonated with consumers, is trying something different. On Friday, it is launching a handsome tablet, called the Sony Tablet S, with an unusual, asymmetrical design and some software tweaks and content services it hopes can set it apart from the pack.

Like dozens of other tablets, Sony's new entry uses Google's Android operating system. And it costs the same as the Wi-Fi-only iPads—$500 for a 16 gigabyte model and $600 for a 32 gigabyte model. The Tablet S has no cellular-data option. It's also late to the game, and had significantly weaker battery life than the iPad 2.

However, the Tablet S looks nothing like the iPad 2 or any other current competitor. One of the long sides of its rectangular, plastic body has a thick, rounded edge that makes the device look like a folded-back magazine. In fact, Sony has carried this effect over onto the back, continuing the black curve with a molded black plastic sheet that looks like the rest of the magazine cover laying over a flat, gray surface.

While this design makes the Tablet S much thicker than many competitors, it has several advantages. When you hold the device one-handed in portrait, or vertical, mode, it feels much more comfortable and balanced than any other tablet. When you lay it on a flat surface in landscape, or horizontal, mode, the rounded edge creates a natural angle for typing, without a case or stand.

This clever design makes the Tablet S feel lighter than the iPad when you hold it vertically, because more of the weight is in your palm—even though the two tablets are almost exactly the same weight.

At 9.4 inches, the bright, vivid screen on the Tablet S is smaller than the iPad's 9.7 inch display or the 10.1-inch screen of Samsung's comparable Galaxy Tab model. But plenty generous, and it didn't feel cramped. The Sony is about the same length as the iPad 2, but is narrower, and found this proportion pleasing.

Unlike the iPad 2, the Tablet S has an SD memory-card slot though the plastic hinge for the little door that covers the slot sometimes got stuck.

The Tablet S starts with the same software disadvantages as its Android brethren. While Android has a healthy selection of over 250,000 third-party apps (versus 425,000 total for Apple's mobile devices), it has pathetically few tablet-optimized apps—estimated to be just a small fraction of the 100,000 tailored for the iPad.

Sony has added some nice software features to the Tablet S. Some make navigation easier, but many aim to build on Sony's strengths as a media and gaming company. Unlike Apple, which takes a broader view of the tablet's potential, Sony sees its tablet as primarily an entertainment-consumption device.

Sony also has tweaked the Android browser so it loads pages faster to load pages faster than on the iPad.

There is also a universal remote-control app that works with a built-in infrared transmitter to control TVs and other home-entertainment devices, even if they aren't made by Sony.

Sony also is bundling services for buying music, TV shows and movies, e-books and games to create a content ecosystem like Apple's.

The music service won't be available until later this month, but it will be a subscription service with two monthly tiers, one for $3.99 and one for $9.99. The video service will be available with a very limited selection at launch, but the full service won't appear until next month. It allows you to rent videos starting at $2.99 each. The games service will come along later this year, and Sony couldn't provide details, except that it will offer PlayStation games meant for portable devices. The Tablet S will come with a trial membership to the music service and a free movie and e-book. It also comes preloaded with two simple games.

Still, Sony deserves credit for creating a novel design with real advantages and for building in some useful software. The Tablet S is worth considering when shopping for a tablet.

Found in WSJ written by Walter S. Mossberg


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Penn Schoen Berland Bolsters its Senior Counselor Team

Penn-Schoen-BerlandNew Delhi, INDIA – September 12, 2011. Penn Schoen Berland (PSB), a global research based communications strategy and reputation management advisory announced today that senior industry veterans Mr. Ajay Khanna, former CEO of Electronics Arts in India; Mr. Ranga Iyer, former Managing Director of Wyeth Limited & Mr. Ravi Aurora, former Director of Concept Communication will join the team as ‘Senior Counselors’ at their South Asia office to offer deep industry insights to the clients of PSB.

Welcoming them to the team, Ashwani Singla, Managing Director and Chief Executive, Penn Schoen Berland, South Asia, said, “Understanding the business of our clients and their big challenges is crucial to delivering actionable insights that help our clients gain a competitive edge. The deep sector expertise of our Sr. Counselors and capabilities of PSB will make for a compelling combination to our clients

Ajay Khanna is an expert in management, sales, marketing and business development, with more than 24 years of experience working for leading consumer MNCs including PepsiCo and Hindustan Lever Limited. He currently runs a management consulting firm focused on start-ups in India, and will work with PSB on advising start-ups and new entrants into the Indian market. Says Ajay, “PSB is one of the strongest names in the business and I look forward to working with the team to add value to new brands emerging in India”.

Ravi Aurora brings close to four decades of experience in corporate advertising, corporate reputation management and investor relations to PSB. He has a wealth of experience in managing campaigns for IPOs, FPOs and bonds for blue chip corporations. He also has significant experience with state governments, PSUs and political parties. Says Ravi, “I am excited to be a part of the team as PSB offers complete communication solutions that clients need today in India from concept to impact on business”.

Ranga Iyer is a consultant to various companies and other bodies in the pharmaceutical industry in the areas of M&A, business strategy/restructuring and intellectual property. He was the Managing Director of Wyeth Limited, a subsidiary of Wyeth USA, for 10 years and in 2009 Ranga was named the 33rd most influential person in the Global Pharmaceutical Industry by World Pharmaceutical Frontiers, a leading UK pharmaceutical publication. Says Ranga, “Awareness creation about diseases and the remedies available are key to ensuring a better life for the people. The right communication strategy will help people in exercising experience in the area of communication. I look forward to working with the PSB team.

About Penn Schoen Berland (www.psbresearch.in)

Penn Schoen Berland (PSB) is a global strategic communication advisory rooted in the science of public opinion that specializes in messaging, strategy & reputation management for blue-chip political, corporate and entertainment clients. It has over 30 years of experience in leveraging unique insights about public opinion, providing client actionable ideas that gives them a competitive edge, what we call Winning Knowledge™. Penn Schoen Berland serves Fortune 100 corporations and has helped elect more than 30 presidents and prime ministers around the world. Penn Schoen Berland is a part of Y&R Brands and WPP (NASDAQ:WPPGY). Penn Schoen Berland, South Asia office was established early in 2011 in Gurgaon and is led by Ashwani Singla, formerly the CEO of Genesis Burson-Marsteller. The South Asia office currently serves leading Indian corporations and foreign multinationals in India. More information is available on www.psbresearch.in

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Back to School Personal Finance Tips for College Kids

Editor's Desk: This is a guest article from Bobby Dee, a personal finance blogger

student-financeFor a freshman starting out in college is a crazy time in a young adult's life. Most college freshman is going to experience some dramatic changes. Ever hear of the "Freshman 15"? It's the excess 15 lbs that a freshman gains in their first year of college, and that's not the only change a first year college student will experience. For many first year students college is their first taste of personal and financial freedom, some 18 year olds handle it well, others don't handle it so well.

Getting out from under the watchful eye of good ol' mom and dad is an awesome milestone for a young person, but with new found freedom comes new found problems. Many individuals can become stressed out with having to balance academics, a social life and finances. It's good to start a young person out on the right foot with their personal finances, and it's important for students to establish good personal finance and spending habits early, that way they are not stuck with a bunch of credit card debt when they graduate. It's hard enough dealing with your student loan debt when you're out of college but dealing with credit card debt or any other financial problems you might have run into while in college can be an unnecessary challenge.

These few suggestions will keep college youngsters from sliding down the slippery slope of credit card debt and financial hardship; it will also put them on the way towards financial freedom, that way when a young individual graduates and joins the ranks of the gainfully employed they can start their new life set up for success.

Get a job. Regardless if your college is paid for entirely each and every semester by dad and mom, or if you’re on a full ride scholarship for water polo, there are plenty of benefits of keeping yourself employed to work through school. For one having a job is going to prepare you for the real world of having a 9-to-5 job and it's going to give you a little disposable income while you're in school and if you've ever been a college student you know that you could use the money.

Don’t eat out (all the time). This is a challenging one to pull off for a college student, especially when all your buddies are going out for chicken wings and beer on a Friday night, but do your wallet and midsection a favor and try not to eat out on a regular basis. If you’re eating out a lot, you will be most likely consuming unhealthy food and you’re almost certainly spending more money than you should. Do your system and checking account a favor and keep your money, plan your meals by the week, and buy bulk. Stores like Costco are great for buying bulk products.

Use Public Transportation. This tip can be especially helpful if you live on campus, or your school is located in a major metropolitan area, using public transportation is going to save you a lot of money, and if you just can’t see yourself taking the bus everywhere and you’re going to invest in purchasing a vehicle make sure you think small and economical. There’s no use in purchasing a vehicle that’s going to guzzle gas and money out of your wallet every day.

For the most part the important thing here is to not get stuck with a huge car loan while you're in school that would be a disaster. It's hard enough to deal with your student loans when you graduate, you don't want a hefty car loan on top of that student loan debt that you're going to have to pay off from income of that first job.

Don't use your credit cards. Credit card companies love marketing to college kids because they are easy targets. Credit companies are willing to extend credit cards to students because they are practically guaranteed a decent paying job once they graduate from college. Credit card companies also like going after students because most of them have no real established credit so creditors can stick college kids with higher interest rates.

The credit card companies put out the bait and most college kids are willing to take it, for many broke college kids credit cards are just too tempting to resist. The appeal of being able to purchase immediately and being able to pay for it month-to-month later is a prospect that’s hard to resist.

Start a budget. This is an important step in a young person's life; every student should have a budget and stick with it (see Mint.com).

Always ask for the student discount. This may seem like a no-brainier but you would be surprised at how many places don’t publicly advertise their student discounts. For some small businesses, even though they don’t have an official student discount, if you just ask nicely some businesses will just chop 10% off your purchase.

The average college graduate starts out their careers with $23, 186 student loans, that's quite a balance to have to deal with when you're out there trying to get a job in a country with 9.2% unemployment rate. You don't want to compound your problems with credit card debts, a huge car loan or any other type of debt that you can get yourself into if you don't watch your finances while in college.

About the Author: Bobby Dee is a personal finance blogger and also works for a consumer credit counseling agency whose credit counselors have been offering free debt counseling for over 20 years!


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