Go to the following website: http://www.360financialliteracy.org/
Go to the "college" age lifestages and read an article of interest.
List the topic and 5 tips that you picked up.
Comment on another student's posting.
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The topic I read was " College Students and Credit Cards: What You Don't Know Can Hurt You."
ReplyDeleteThe five tips I picked up on were: BE AWARE OF TEASER RATES. Credit card companies sometimes offer low introductory rates to attract new customers. These rates typically last for only a few months and then jump as high as 20%. Carefully compare offers from several different issuers before selecting a card.
STICK WITH ONE CREDIT CARD: There is no reason you need more than one card. It’s easier to manage paying one bill at the end of the month, and using one credit card to pay off another is a dangerous practice that should be avoided
PAY ON TIME: Be sure to send the credit card payment several days in advance of the due date to allow for mailing time. Late penalties are costly and some companies will increase the interest rate after one or two payments are overdue.
PROTECT YOUR CREDIT HISTORY: As soon as you start using a card, the payments — whether paid on time, late or not at all — become part of your credit history. A poor credit history can affect your ability to rent an apartment, get a job, or buy a car or house. What’s more — the mark stays on a cardholder’s credit record even if the bill is paid later.
and REVIEW STATEMENTS CAREFULLY: Immediately inform the credit card company of any discrepancies or errors on the monthly statement.
chucks right about STICKing WITH ONE CREDIT CARD and PAY it ON TIME and PROTECT YOUR CREDIT HISTORY and then REVIEW STATEMENTS CAREFULLY
ReplyDeleteOf course I'm right XD
ReplyDeletechuck did the whole article basiclly so all the things he put in caps are the key basic thing. and you got to be smart with your money and mike whats up buddy
ReplyDelete