2013년 11월 25일 월요일

About 'average college student credit card debt'|New Research Shows College Seniors with Average Credit Card Debt of $4,100







About 'average college student credit card debt'|New Research Shows College Seniors with Average Credit Card Debt of $4,100








Shortly               after               I               finished               college               and               moved               to               Boston,               I               began               working               my               first               full-time               job               at               a               non-profit               health               care               organization.

As               a               program               assistant,               I               made               just               under               $30,000               a               year.

Below               you'll               find               the               10               ways               I               saved               money               and               lived               debt-free               on               a               $30,000               salary!

1-               Get               a               Roommate.

I               initially               rented               an               apartment               for               $1,000               a               month               by               myself.

This               was               a               big               mistake.

After               several               months               of               scrimping               by,               I               decided               that               sharing               my               space               and               paying               $500               a               month               less,               made               much               more               financial               sense.

If               you               need               a               roommate               ask               friends               and               family               first.

If               you               can't               share               with               someone               you               know,               try               craigslist               or               your               local               newspaper               classifieds.

Don't               spend               more               then               a               third               of               your               take               home               pay               on               housing.

If               you               can't               afford               your               rent,               you               will               end               up               going               into               debt.
               2-               Say               "No."               When               You               Can't               Afford               Something.

Be               honest               with               your               friends               about               your               financial               situation.

"I               work               for               a               non-profit..."               was               usually               a               sufficient               explanation               as               to               why               I               wasn't               willing               to               chip               in               on               expensive               wedding               gifts               or               "go               in               on"               a               beach               house.

Don't               let               your               broke               friends               convince               you               to               make               bad               financial               decisions.

If               your               friends               tease               you,               they're               probably               secretly               jealous               you               have               the               fortitude               and               commonsense               to               say               "No".

If               they               try               to               bully               you               into               spending               money,               ditch               them!

People               who               encourage               you               to               spend               money               you               don't               have               are               not               your               friends,               they're               debt               enablers.
               3-               Barter               and               Trade.

If               you               have               a               particular               skill               or               can               offer               a               service,               barter               with               your               friends               and               neighbors.

I               often               babysat               for               friends               in               exchange               for               pet               sitting               while               I               was               on               vacation.

I               saved               about               $50.00               a               day               in               boarding               fees               and               my               neighbors               got               a               reliable               sitter               for               free.

Be               honest               and               only               make               trades               that               both               parties               think               are               fair.
               4-               Cook               at               home.

When               I               made               $30,000               a               year               I               cooked               most               of               my               meals               at               home.

An               average               takeout               dinner               will               set               you               back               about               $10.00.

For               that               same               amount               of               money,               you               could               buy               a               pre-cooked               rotisserie               chicken,               a               bag               of               potatoes,               and               a               can               of               peas.

The               meal               you               bought               at               the               grocery               store               is               more               nutritious               and               will               last               longer.

To               stay               debt-free               on               a               $30,000               salary,               you               need               to               be               willing               to               cut               back               on               luxuries               like               dining               out.
               5-               Have               an               Emergency               Fund.

When               you               make               $30,000               a               year,               unanticipated               expenses               will               cause               unprepared               individuals               to               have               a               financial               meltdown.

I               always               tried               to               put               aside               3-6               months'               worth               of               expenses               in               a               savings               account               for               emergencies.

Several               times               when               I               had               to               do               minor               car               repairs,               I               was               pleased               to               be               able               to               dip               into               my               savings               and               not               go               into               debt.

Emergencies               happen,               whether               you               save               for               them               or               not!
               6-               Don't               Buy               Things-               This               seems               pretty               obvious,               but               don't               buy               things               you               don't               need               or               can't               afford.

It's               tempting               to               buy               things               that               you               want               immediately,               but               practice               a               little               self-restraint.

Each               month               I               let               myself               have               $150.00               of               "blow               money"               to               spend               on               whatever               I               wanted.

When               the               money               was               gone,               I               stopped               shopping.

If               I               wanted               a               $300               wool               jacket,               I               saved               for               two               months               to               buy               it.
               7-               Stay               at               home.

When               I               was               making               $30,000               a               year,               I               had               to               limit               number               of               times               I               went               out               in               a               month.

Instead               of               spending               money               going               to               the               movies               or               meeting               friends               for               happy               hour,               I               invited               friends               to               my               apartment               to               have               a               few               drinks               and               watch               borrowed               DVDs.

While               many               of               my               friends               were               racking               up               thousands               of               dollars               of               credit               card               debt               on               food               and               entertainment,               I               was               able               to               save               money               each               month               and               pay               down               my               student               loans.
               8-               Use               Public               Transportation.

If               you               live               in               a               city               that               has               decent               public               transportation,               use               it.

When               I               lived               in               Boston               I               took               the               T               everywhere.

Not               only               will               you               save               money               on               gas,               parking               and               maintenance               on               your               car,               you'll               also               be               saving               the               environment               at               the               same               time.
               9-               Don't               Compare               Yourself               to               Others-               When               I               made               $30,000               a               year,               I               assumed               that               many               of               my               friends               were               making               much               more               money               then               me.

To               be               honest,               I               felt               jealous               and               even               a               little               bad               for               myself               that               I               had               chosen               a               job               that               paid               so               little               compared               to               what               my               peers               made.

Don't               have               a               pity               party               for               yourself!

Years               later,               I               found               out               that               many               of               those               friends               also               made               $30,000               a               year,               and               are               now               in               over               their               head               in               credit               card               debt.
               10-               The               Best               Things               in               Life               are               Free.

Take               advantage               of               everything               in               your               area               that's               free.

Hike               in               local               parks,               attend               free               talks               at               the               local               community               college,               sign               up               for               a               book               club               at               the               library               et               cetera.

It's               amazing               how               many               events,               classes,               and               performances               are               available               for               free               to               the               public.

Some               of               the               best               Shakespeare               performances               I've               ever               seen               have               been               free               on               the               Boston               Common.

Ask               around               and               you               might               be               surprised               how               many               free               things               do               exist               in               your               area.
               This               is               an               abbreviated               list               of               some               of               the               things               I               did               to               save               money               and               live               debt-free               when               I               was               making               a               $30,000               a               year               salary.

There               are               so               many               more!

Don't               be               afraid               to               "think               outside               of               the               box".

Many               of               my               favorite               memories               of               living               in               Boston,               stem               from               one               or               more               of               these               money               saving               tips.






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