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Winter Weather Advisory

This is not your average advisory to tell you school's closed for the day (which by the way it is not), but I urge you to keep reading because at Savvy Student we always have your best interest in mind and today is no different.

If you haven't looked outside your window, it is snowing yet again! No big surprise that you will have to bundle up and dig your car out. And, because this isn't the first snow of the season you may want to take extra precautions around your dorm, apartment or car.

As it usually does, winter can take a toll on your wallet from heating bills and car repairs to doctor visits. However, if you take extra time to care for yourself and your belongings you might be able to cut back on these heavy hitters that strike your wallet and the most inopportune times.

For instance, take care of yourself by wearing weather appropriate clothing, washing your hands, using hand sanitizer and eating your fruits and vegetables or taking vitamin supplements. This is total common sense, but sometimes it slips by the wayside when other factors come into play.

If you are feeling under the weather take extra precautions by drinking lots of liquids, getting to bed early (and I don't mean midnight early) and if you believe in it, drinking Emergen-C or Airborne. Definitely seek medical attention if it is not just your average cold, but if you take extra precautions ahead of time, you may be able to avoid a visit to the health center.

If you live in a drafty apartment or dorm you can very inexpensively fix the problem without turning up the dial on your thermostat. There are insulation kits for windows under $15 available at stores like Home Depot that are fire safe and help trap the heat inside. An example of such a kit can be viewed here. You may also wish to cover your windows with heavy curtains instead of going to the trouble of saran wrapping them. If it is a door that's causing the problem you should consider purchasing a draft guard. Some versions of a draft stopper are more spendy, but you really just need something to block the gap by your door that is causing the cold air to come in. This could be as simple as a towel, but please be aware of items that are not fire safe.

For those of you who drive, since cars take the biggest bite out of your wallet we have saved this for last. It is of utmost importance to have your vehicle serviced regularly. If you have not done so already, you should also have your car winterized, making sure all your fluids are topped off, your tire pressure is good and your gas tank is full to avoid moisture build-up freezing the gas line. We have included a great article here from eHow on winterizing your vehicle.

Now that we are in the throws of winter, don't forget to take care of yourself and avoid extra bills that will add up and ultimately hurt your wallet.

Be safe and stay warm,

Savvy Student
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The Scary Truth About College Loan Debt

At Savvy Student we are always trying to provide you with the best advice for managing your debt, budgeting and saving your money. This is because each choice you make "today" will affect your "tomorrow". So, start now by developing good financial habits and making sound investment decisions, which can of course be done by reading our blog ;)

As many of you already know paying for college can be quite cumbersome and although, many students survive on credit cards and loans it is not the wisest solution. If handled responsibly, these make fine alternatives, however, most students lack the appropriate funding to make reasonable payments thereby increasing their debt and harming their financial future. The truth of the matter is that debt management is very easy, it just requires patience, dedication and a desire to achieve your goals. There is always help if you are willing to ask for it. Unfortunately, many students do not realize they are headed down "Bad Debt" Road until they are actually there and as equally alarming many are too embarrassed or ashamed to ask for help. We have all kinds of resources available at Savvy Student, including one on one personal assistance, if need be. Budgeting is a time consuming process, but essential towards debt management and spending control.

It is never fun to focus on other people's tragedies, however, it can be a learning experience for those not impacted by such events. And, we are bringing this to the forefront not to stress you out, but to prepare you. Unfortunately, college debt is real for many students and our hope is to educate you through other experiences, so as to avoid adverse actions thus impacting your financial future.

Recently CNBC posted an article and ran a program about the College Debt Crisis. This may come as a shock to some, but well worth checking out. If interested you can access the article here.
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11 Tips For Investing in 2011

With the start of a new year comes new resolutions and new opportunities for financial growth. In our effort to keep you up to date with the latest advice, we have come across eleven great suggestions for investing in your future, Brandeis education aside.

The website, mymoneymanagement.net is a wonderful resource which is supported by The Financial Services Roundtable. This Roundtable is comprised of CEO's from 100 of the largest financial services companies. Both member companies and their employees help finance the U.S economy, so you know their advice must be worth listening too right? And, we are talking about this now because mymoneymanagement recently published 11 new tips for becoming financially stable in 2011 that are easy to follow and require little to no finance background.

Suggestions include starting out early and ending late. By putting a little money aside now and slowly adding to it overtime you will have more of a financial cushion after retirement. Mymoneymanagement also advises reading the "fine print", knowing and understanding the details first before investing your money. If you wish to learn more the full article is available here.

Happy New Year!!!!

Savvy Student
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