College Student Bought Home Instead of Renting
I just heard this story from a friend of a college student, lets name him John, who made quite the gutsy financial decision that ended up to work well for him. Eight years ago in the fall of 2000, John was an entering freshman at the State University of New York at Buffalo. As he [...]
The Psychological Effects Of An Automatic Savings Plan
Last month, I started an automatic savings plan with HSBC Direct and so far, I realize that it has had some effects on my mentality towards the plan. Feels Like A Monthly Expense My plan was set to transfer money on the last day of every month (probably so is everyone else’s). The plan is [...]
Problems With My Health Insurance
Now that I’m 21, I have to apply for health insurance under my own name. Previously, my parents did all the health insurance stuff for me so I know very little about the process of applying and purchasing health insurance. We’ve never had to pay for health insurance because my parents were able to stay [...]
Spreading the Saving Mentality
I don’t know what is going on lately but everyone has been turning to me for knowledge on saving money. When my family and friends learn that I have all these financial accounts, even though there isn’t much money in them, they seek to do the same so that they can develop the essential habit [...]
I’m Decreasing My Credit Card Balance
Debt reduction seems to be the hottest topic in personal finance. That is because it is one of the most difficult thing to do and debt is the easiest thing to accumulate. The credit card is the prime tool for the submergence in debt for millions of Americans. Ever since, I’ve gotten my credit card, [...]
