Personal finance covern

How to Earn Money Without Leaving Your Dorm Room

As a college student, you have plenty on your plate, right? Between exams and papers and trying to maintain somewhat of a social life, the last thing you want to worry about is your financial situation. Yet, here you are, knowing that you need to make some cash fast. What if you could do it without ever setting foot outside of your dorm room? With a bit of fast thinking and creativity, you can. Here are a few of your options:

• Write a blog: Sure, there are a lot of blogs out there, so you’ve got some pretty steep competition, but with a clever idea and a bit of dedication, you can make some serious cash off of a blog. They key is to write about something you’re passionate about and won’t get tired of. Then, just throw up some advertising on the sides (you have plenty of options when it comes to paid online advertising platforms) and try to drive as much traffic as possible. The more people who visit your site, the more cash you make.
• Create your own tutoring gig: Are you really good at a specific topic? Do your friends ask you for help in that class all the time anyways? Why not get paid to offer that help? Set up a tutoring studio from your dorm room where other students pay you to teach them about your subject of choice.
• Take outsourcing jobs: It’s a really common thing in the business world today for businesses to outsource some of their work. Often, this involves some sort of spreadsheet or content writing. The good part is that you can complete the jobs right from your computer. You never even have to set foot outside. Plus, although most of these gigs are one-offs, once you establish a reputation, you’ll have them flowing in left and right.

Things You Should Buy This Summer to Save Cash
Seasonal sales are not joke. Buying items that you need for the school year now could save you from paying an arm and a leg later. When you’re in college, your financial situation is no joke either. You’re likely interested in saving cash wherever you can, and one way to save big time is to invest in stuff you’ll need for the fall this summer. With a little planning ahead, you can buy now to save for later. Here are some key items to add to your list:
1. Textbooks: We know this one can be tough if you don’t have your class list yet. But if you’re signed up for a bunch of required courses that always use the same textbooks, see if you can buy them now. As the fall approaches, bookstores know that students will be there to buy lots of books. But because they’re slow right now, during the summer, many have likely marked down their prices. That means now is the time to buy textbooks if you have any way of knowing what you’ll need for next fall.
2. Furniture: Don’t way for the back-to-school ‘savings’ to buy the furniture you need for the next school year. Instead, start looking now. Even if prices aren’t actually lower over the summer, looking ahead of time gives yourself plenty of time to find what you’re after, therefore saving you money that you may spend impulsively the week before move-in time.
3. Clothing: Just like your mother always told you, you should always buy clothing on the off season. That means the beginning of summer is the time to start shopping for those chilly fall weather clothes. You’ll find sweaters and jeans marked down dramatically at the start of summer so think ahead and buy now.
Sources:
-“” Seasonal salesMSN

Things You Should Buy This Summer to Save Cash
Seasonal sales are not joke. Buying items that you need for the school year now could save you from paying an arm and a leg later. When you’re in college, your financial situation is no joke either. You’re likely interested in saving cash wherever you can, and one way to save big time is to invest in stuff you’ll need for the fall this summer. With a little planning ahead, you can buy now to save for later. Here are some key items to add to your list:
1. Textbooks: We know this one can be tough if you don’t have your class list yet. But if you’re signed up for a bunch of required courses that always use the same textbooks, see if you can buy them now. As the fall approaches, bookstores know that students will be there to buy lots of books. But because they’re slow right now, during the summer, many have likely marked down their prices. That means now is the time to buy textbooks if you have any way of knowing what you’ll need for next fall.
2. Furniture: Don’t way for the back-to-school ‘savings’ to buy the furniture you need for the next school year. Instead, start looking now. Even if prices aren’t actually lower over the summer, looking ahead of time gives yourself plenty of time to find what you’re after, therefore saving you money that you may spend impulsively the week before move-in time.
3. Clothing: Just like your mother always told you, you should always buy clothing on the off season. That means the beginning of summer is the time to start shopping for those chilly fall weather clothes. You’ll find sweaters and jeans marked down dramatically at the start of summer so think ahead and buy now.
Sources:
-“MSN

How to Build Your Credit

Building credit is really important to start now, if you haven’t already. Healthy credit allows you the opportunity to take advantage of the big buys later in life, like buying a house or buying a car. There are 50 million Americans who have no credit history, making it near impossible for them to take out a major loan, like a mortgage, on their own. Because credit can take a little while to amp up, you’re never too young to start trying to build and achieve a good credit score. Here’s how:
• If you don’t have one already, open a bank account. While this isn’t really included in your credit history, so it doesn’t work toward your credit score, it’s a good way for someone with a not-yet-established credit score to prove they have financial responsibility.
• Make sure to always make your bill payments on time. This is one of the most important steps to building healthy credit. Paying bills and paying them on time shows that you have financial and debt responsibility. It shows future lenders that you can handle debt because you’re responsible with money.
• Open a credit card…. And then use it responsibly. An important way for young money handlers to establish credit is by opening a credit card, using it for daily and large purchases, and then paying it off responsibly. Also, try to never spend over 30 percent of your credit limit.
• If you need a better credit score and you haven’t established one just yet, all is not lost. You can always get a cosigner to help you get a loan. Many students need cosigners for better interest rates on private student loans. A cosigner tells the bank or lender that, if you aren’t able to pay back your debt for some reason or another, your cosigner assumes responsibility of paying back the lender.
Sources:-“”10 Healthy Ways to Build Credit How Stuff Works

How to Improve Your Credit Score
Bad credit is a bad thing. Luckily, at a young age, there’s still time to fix a poor credit score. It’s absolutely vital that you begin working toward a healthy credit score now, though, especially if you already have a bad one. This is because it’s very likely that you’ll soon want to start making big investments, like buying a house. It’s also helpful if you need to take out private student loans to pay for college or grad school. If your credit history is looking grim, here are a few ways to turn your credit score around and get it moving in an upward direction:
• Start paying your bills on time. It’s a good bet that, if you have a poor credit score right now, some of that is due to not paying your bills on time. Paying your bills on time shows financial responsibility. You need to start doing it now and keep doing. Set up auto bill pay if you have trouble remembering due dates.
• Stop spending so much on your credit card. To earn healthy, good credit, you should never max it out. Instead, you should try to stay below 30 percent of the spending limit.
• Find a cosigner. This won’t actually help your credit score, but it is one way to deal with it if you’re unable to revive your score before you need to sign off on a loan of some sore. Many young professionals and college students as their parents to sign on as cosigners. A cosigner promises the lender to pay back the loan if you mess up and are unable to for any reason. That’s why it’s usually best to go with family for cosigners.

Sources:-“” 10 Healthy Ways to Build Credit How Stuff Works

Ways to Make Some Extra Cash off of Your Old Tech Toys
If you’re in college of still struggling to pay off student loans, you’re strapped for cash. One way to make some money quick is through your old electronic devices. Whether you’ve got a million old ones stored away or have what you need, but need some new stuff, here’s how to make the most out of your old tech toys:
Computer
If you have an old computer stashed away in your closet that you’ve been meaning to sell, the time to sell is now. The longer that computer sit in the back of your stuff, the more money potential it’s losing. Technology turns around fast because companies are always inventing new models and new gadgets. With each new generation, your old generation loses value. That means that you should sell as soon as you deem something sellable.

If you don’t have an old one sitting around, but have been thinking that it’s about time to get a new computer, don’t go tossing the old. Take it to the computer store and see if you can trade it in for a discount on your new purchase
Phones
Phones have some of the fastest turnaround times out of any technology of the modern day. That’s because we use them every day and phone retailers are constantly producing new models. Like computers, when it comes to buying a new phone, you may be able to trade in your old for a discount. If not, you can always sell it online.
When it comes to buying new tech toys
Don’t always feel like you need something shiny and new. While it’s always cool to have the latest version, sometimes you can save a lot of money by buying the previous edition. You can also always shoot for refurbished electronics, which usually still come with a solid warranty at a much lower price.

Why personal finance can be fun
Sometimes we get so wrapped up in examining the cost of living and the importance of saving that we forget that money doesn’t always have to be a drag. Whether you’ve got a lot or a little, money can actually be fun. Here are a few ways and why:
Saving is fun
The thing about saving is that it sounds boring, plain and simple. In reality, it’s not. Savings is a sort of goal and reward system, which is the kind of thing that we, as humans, live for. Saving up is fun because you’re saving up for something. That means that when you achieve your goal, you get to celebrate through the reward of whatever you were saving for. Think about it like this: maybe the actual act of tucking away vacation money isn’t that great, but at the end of it, you get to relax on a warm, sunny beach or ski down some snowy slopes. You get to enjoy your vacation that you worked hard to save for, and that’s why saving can be fun.
Budgeting is fun
Budgeting is fun because it saves you stress (which is obviously not fun). By buckling down, getting organized and spending within your means, you no longer have to worry about making late payments or a suffering credit score. Budgeting relieves worry and stress, making it a whole lot of fun.
Spending is fun
But you already knew that one. Spending is a lot of fun, but it’s a lot more fun when it’s done the right way. That means spending within your means and thinking hard and long about purchases (especially big ones) before charging your card or forking over cash. When done right, spending is tons of fun because it means shopping, every girl’s favorite activity, right?

How to Save Enough Money to Go on Vacation

Now that you have a real job, you’re stoked to have a real salary. You get to buy nice lunches from time to time. You get to go shopping. You get to stop asking Mom and Dad for spending money. You get to go on vacation… unless you spent all of your money on all of that other stuff. By sticking to a few simple guidelines, you’ll be able to cut spending and save for a killer vacation in no time. Here’s what you need to know:

Figure out how much you need.
Before you start saving, figure out just how much you need to save. Some costs to factor in include transportation, stay, food, fun activities, any outdoor/beach/snow supplies and needed clothing. This list will change, depending on where you’re heading and what you’re heading there to do.
Cut edible costs wherever you can.
That means it’s time to start bringing your lunch to work every day and brewing your own coffee. Eating out is expensive and swooping by the corner coffee shop day after day isn’t doing your bank account any favors either.
Do not dig into your savings.
If you already have a savings account (and it wasn’t meant for vacation money originally), now is not the time to break into it. The money you save for vacation should be in addition to your other savings. You should keep that money for whatever you were saving it for in the first place.
Grab a classic coin jar.
You’d be surprised just how far a handful of change and a dollar bill here and there will get you. Go retro with a coin jar and throw in extra cash every day. You’ll be shocked at how quickly your vacation savings grow.

Saving Money on Valentine’s Day
Whether you’re single, hunting for a gift for your five-year sweetie or somewhere in between, if you’re on a budget, you’re likely dreading Valentine’s Day. No matter what your relationship status, there are some tricks and tips for saving on the big day. Here’s how:

If you’re in a long-term relationship…
Don’t feel like you need to spend an arm and a leg. Go in on a joint gift, something both of you can enjoy (and something you were going to splurge on anyways). Friend planning a destination wedding that you feel obligated to attend, but uneasy about the cost? Buy your plane tickets on V-day. Did your TV just bust and you’ve been saving for a new one? Celebrate the holiday by finally footing the bill on a new flat screen.

If you’re really trying to cut back this year, agree on an incredibly low limit that forces you to get creative, say $5. Often, when we spend less money, we put a lot more thought and love into a gift.

If you just started a new relationship…
You probably shouldn’t be going crazy on a gift anyway. Try to do something nice for your special someone. Cook them dinner or rent all of the movies they’ve been dying to see for a special movie marathon. Valentine’s Day doesn’t have to mean flashy gifts. Often thoughtful ones say more about how you feel, even if they cost a lot less.
If you’re single and going out with this girls….
Congrats! While all the lovebirds out there are fretting about what to get one another, many worried about the amount they’re going to spend, you don’t have to worry about spending cash on a single person, outside of yourself. If you plan on celebrating with a night out on the town with the girls, take cost into consideration. See if they’re up for having a few drinks and potluck at your house before going out. That way, you won’t spend an arm and a leg on dinner, drinks and a night on the town.

Using Your Smartphone to Help Save You Big Bucks

You already know your phone’s important. It’s with you 24/7, connects you to the outside world and holds the key to both your social and professional life. You never go anywhere without it and, if you ever forget it at home, the day is automatically dubbed a bad one. What you may not realize is that your smartphone can actually help save you some serious cash in your day-to-day life. Here are just a few ways:
1. It can find you deals when you shop. Download an app for each of your favorite and most-visited stores. Most major ones use their apps to advertise weekly specials and savings. Pay close attention to when what you need goes on sale and jump on the savings.
2. Phones provide digital couponing opportunities. Who wants to carry around dozens of magazine and newspaper clippings to save a few bucks? If you have a smartphone, you don’t need to! Simply use your phone for digital couponing. Take advantage of online sales that catch your eye and store them in a special folder in your email. This way, you won’t even have to print the digital coupons. Just whip out the barcode on your phone screen at the checkout and the cashier can help you swipe your way to savings.
3. Find cheap eats using your smartphone. Download an app that specializes in finding food specials or happy hour deals. You can also use restaurant apps that sort by price to help you save by not accidentally heading to a lunch spot that charges $20 per sandwich.
4. Use the alert function on your phone to your advantage and pencil into your smartphone’s calendar whenever your bills are due. This will help you make payments on time, avoiding late fees or damage to your credit.