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 Gen Y with WillIn Money Trouble?   
And let me define “deep trouble”— you’re so broke you’re thinking about singing for change on a busy street. Being 30 days late on some payments, a shutdown phone, bounced checks, or lights being turned off in your pad also describe “deep trouble.” If any of this sounds familiar, you’re not alone. People our age mess up all the time, and many ruin their credit in the process. The Top Ten Money Myths: How Many Have You Fallen For?
As part of my job, I’ve spent the last four years talking to young people about money. I keep hearing these 10 money myths. How many have you fallen for? Read more: The Top Ten Money Myths: How Many Have You Fallen For? Wanna Make a Bet
But do you know what your credit score is? Okay, have you even heard of a credit score? More importantly, do you know how important that credit score is to the rest of your life? A credit score tells businesses if you pay like you said you will pay. Credit scores are used by about every business to determine if you are trustworthy. And that score follows you everywhere. That's why credit is so powerful. In fact, it's one of the most powerful things you'll ever possess. Cell Phone Scams
"Last warning: your car insurance warranty is about to expire! Press "1' to talk to a representative," the voice says. Without thinking, my buddy presses "1" and looks lost while listening to what the person on the phone has got to say. Wait a minute; he suddenly remembers he doesn't even have a car! What's happening here? This particular call was just a stupid telemarketing scam. This company is trying to get you to buy their insurance. Not only is the insurance often a poor value or worthless, the call is pretty annoying. The Scoop on Credit Cards
Did you know this? The average college senior has about 4 credit cards, but only 50% of those students have a job. So, how do these students pay their credit card bills? Many don't. At first, they may use one credit card to pay the other credit card bill. Then they just start "defaulting" on their bills. From that point on they go down a dangerous path that could eventually lead to bankruptcy. Read more...Page 3 of 5 12345 |
Web LinksSeptember 2010Floods in Pakistan: FTC Warns Consumers to Give Wisely. Following these tips will help you make sure your money goes to aid the flood victims. Do you like to give or use gift cards? Then you'll like these new rules for gift cards. Concerned abourt your privacy online? Then check out the articles in Consumer Action News' Summer Issue. Disasters can have unexpected consequences that impact your privacy and your personal information. This article from the Privacy Rights Clearinghouse can help you be prepared. RSS Feed Feed Entries 
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Okay, this article is packed with ways to prioritize your spending and save money creatively. But what if you’re reading those articles too late? What if you’re already in deep trouble when it comes to money?
I'm betting you know what credit is: an arrangement for you to pay for something at a later date. "Okay, gimme the car today, and I'll pay you later."
We're cruising along in the car listening to music. My buddy gets a phone call:
You've got big plans for the future: move away from home, buy a car, and be more independent. But have you thought about how you are going to pay for this? Do you have some money saved? Or are you planning on using credit cards to achieve your dreams? If you're thinking the credit card way, think twice. For most young people, credit cards can lead down a dangerous path, if used the wrong way.