4 Financial Pitfalls to Avoid
June 24, 2013
Are you in debt? Are you wondering how you got there? Whether it’s student loan or credit card debt, getting out from underneath as soon as possible is a good idea. Here are some reasons why many stay in debt for years and some solutions to put that debt behind you:
1. Spending more than you earn
This is one of the main reasons people get into debt. A few dollars here and there doesn’t seem like much, but it can sure add up over time. Track your spending throughout the month and try to stop spending if your account balance gets too low to comfortably pay your bills on time.
2. Not having a budget
It may seem boring, but keeping a budget can be easy and painless. There are many ways to make and keep a budget, such as using pen and paper, creating an Excel spreadsheet, or using website such as mint.com that practically does all the work for you (come to our upcoming workshop “Money Apps and Websites for Students” to learn more!). No matter what you do, make a budget and stick to it!Share on Facebook