Credit Tips for Young Adults
Many Americans prefer to save money rather than spend it. Of course, saying and doing are two different things. Learn 10 smart ways to save $1,000 a month here.
Nearly one-third of survey respondents, believe 3 credit cards are too many for one person to have, according to a recent CreditDonkey.com survey. And 23% said more than 4 is too many. Just 9% believe one credit card is too many.
New Tips for Young Adults
We all need to get away sometimes. And if the only thing standing between you and your next trip is a good excuse, start packing because we've got you covered. Here are 23 reasons why traveling is good for you, on both a personal and professional level.
When used wisely, your first credit card can set you up for a strong financial future. Anyone who lends you money throughout your life — whether it’s a credit card company or someone giving you a loan — wants to see that you know how to handle credit. And the one way to create such a history is to start with a credit card. At the same time, it can be easy to abuse the privilege of owning a card by racking up more charges than you can handle or not having a way to pay off your debt.
When it comes to your finances, credit cards can either be a tool or a weapon, depending on how you use them. When used wisely, they can help you establish your credit history and build your credit score, but it's easy to fall into the debt trap if you're not careful.
Nothing says commitment like diamond jewelry. But nothing says “commitment phobe” like someone who’s wary of going into the jewelry store to make the big purchase. You have to fend off salespeople while you browse and face a bunch of questions about your significant other that you’re not yet ready to answer.
If you want to whip up a spectacular meal, you'll look for a recipe from a top chef. If you want to update your wardrobe, you’ll search for pictures of your favorite fashion icon. But where should you look for inspiration when you want to be savvy with your finances or build wealth? Look to those people who earn a lot of money and find ways to keep it. In other words, look to celebrities.
Impulse buying is a weakness we come by naturally. The human mind is predisposed to choose immediate reward over delayed gratification, and unfortunately, where money is concerned, that predisposition comes with a huge price tag. According to a recent study, the average person spends more than $100K on unplanned purchases in their lifetime.
We all want to think we’re good with money. But we all, at some point, have made a few mistakes (yes, even the editors of CreditDonkey). We have all felt that we could save more, make more or just do more to get some more dough in our pockets.
Buying an engagement ring can be daunting. It can be especially daunting if you have no clue about women’s jewelry, you don’t have deep pockets, and you’re worried you’ll be judged the minute you walk in the jewelry store.
Is Discover It worth it? The most popular offering by Discover can be well worth the application for the following 10 reasons. To round out this list, we’ll also give you 3 reasons why you might want to look elsewhere:
Despite the economy's ups and downs, the stock market has consistently proven to be a good place to invest your disposable cash and save for your future (as long as you can withstand the bumps and plan for the long term). The popularity of online brokerages can attest to the demand for access to stocks in a do-it-yourself society.
Editorial Note: This content is not provided by Discover. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Discover.