The Most Popular Ways Students Run Up Their Credit Card Debt, and How to Avoid it Yourself
- Vacations and Travel
If you are a student studying far from home, you will obviously want to return to see your close friends and family over the holidays. Afterall, you don’t get the opportunity very often; holidays and summer. Unfortunately, the majority of students are not in the best of financial situations to begin with, so the high prices of traveling during the holidays can be brutal. It’s very common for students to wait for the last minute, find the only available flight, and end up paying way more than they should by using their credit card. Plan well ahead of time to find special sales and deals. Popular travel websites allow you to set low fare alerts, or you can be diligent by checking the prices every day or two. By not waiting until the last minute, you can save a lot of money and thus lower your monthly payment and interest fee.
- Gift Shopping
Along with the holiday breaks and getting to see your family, there are unfortunately the downsides. At some point there is destined to be some gifts exchanged. It’s hard enough surviving when you need to buy stuff for yourself, now you’re expected to buy things for other people. There are two good ways to get around charging everything to your credit card. You can use Groupon to find special deals and sales on just about everything from Ray Ban glasses to Spa treatments. Second, if you don’t have hardly any budget, you can make stuff. Simply spend some time on Pinterest, and get creative. There are so many ideas online, there is sure to be something for you. Also, when you make something yourself, the idea of you putting time and effort into it, counts for just as much as the actual gift.
- Living Above Your Means to Impress Others at Holiday Parties
When you are seeing people that you haven’t seen for a while, you … [Read the rest]