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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