For most young adults, college is the first time in their lives that they will be responsible for their own finances. This means that college is a perfect time for students to start establishing good spending habits. The best way for college students to start monitoring their finances is by creating a detailed budget.
No matter how much money a student has saved up before college, he or she should limit frivolous spending. As this video explains, there are helpful websites that college students can use to measure where their money is going each month. With this information, students can learn how much money should be allocated to education, living expenses, and entertainment.
At Cutler & Associates, our bankruptcy attorneys offer free case evaluations. To schedule an appointment in the Aurora area, give us a call at (847) 868-2265.
I met with Stuart around a year ago after losing my job of 14 years. My situation was not typical one and Stuart explained all my options and helped me select the one that best addressed all of my concerns. The overall process was pretty painless and relieved me of a ton of stress. Everyone from the office is very responsive and does their...
Credit cards can be useful financial instruments, especially if you are looking to build favorable credit after filing for bankruptcy. But the key to smart credit card use is carrying a balance that you can actually pay back. If you charge the wrong items to your credit card, you may face substantial interest rates that trap you in a cycle of debt. Here is a look at common expenses that should never be charged to your credit card:
More people have grown concerned about student loan debt, but charging college tuition to credit cards can be a dangerous financial decision. Low-interest student loans, scholarships, and grants are all better alternatives for financing a college education. The interest rates on credit card debt are simply too high for most college graduates to reasonably pay back, especially when interest rates are compounded.
If you find yourself owing an unexpectedly large amount in taxes, the IRS allows you to use a credit card to make payments. Even though this option may be tempting, the payment processors can collect fees between 1.88% and 2.35%. Instead, you should set up a payment plan with the IRS, as these plans offer more competitive interest rates. Currently, the IRS underpayment interest rates are 3%, which is much better than a credit card company’s standard interest rate.
The point of taking a vacation is to relax and get away from the stress of everyday life. If you charge a vacation you cannot afford to your credit card, financial problems will follow you long after your vacation is over. As you plan your family vacation, make sure to travel within your financial means, even if this means opting for camping trips or staying in budget hotels instead of large, expensive resorts.
If you are facing financial issues, the bankruptcy attorneys at Cutler & Associates can help. We have provided quality legal representation to thousands in the Chicagoland area. To schedule a meeting at our Aurora office, give us a call at (847) 868-2265.
I was very nervous and scared to even think about filing bankruptcy, I met with Stewart Swanson and his firm...the experience was incredible! They took the time to not only help me understand what it was all about, explained everything entailed in bankruptcy. Even drew pictures and graphs... The firm and staff was very helpful in helping me...
One night while I was searching for a lawyer I found Stuart. He met with me very next day personally to discuss my case. He was very knowledgeable, caring and professional. I was very afraid and nervous about filing Bankruptcy but when I left his office after talking to him I was stress free. Stuart handled my case with such a dignity and made...