Discipline tips for a college student’s first credit card
News from WMC-TV:

Credit cards and college students are kind of like a shot of Scotch and a beer chaser at the frat party. Typically not a good combination.

But co-eds have to launch their credit sometime.

Justine Rivero, credit adviser for Credit Karma offered these tips for college students testing the credit card market:

* Educate Yourself on Credit Card Terms and your Credit Score. “Learn what the terms mean so the mention of annual percentage rate (APR), annual fees, grace period or minimum payments don’t overwhelm you,” Rivero said. “Know what a credit limit is and the penalties for charging more than that limit.

“Also, familiarize yourself on some of the lesser known fees like late payments, cash advances or foreign transaction charges.”

* Don’t Rush Into Applying for a Credit Card or Apply for Too Many Cards at Once. “While you may be tempted to apply for the first credit card offer y…………… continues on WMC-TV
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Related News:

How to Recover from Bankruptcy
News from U.S. News & World Report:

If you have recently filed for bankruptcy, perhaps you can find some comfort in the fact that you are not alone. According to the American Bankruptcy Institute, the total number of bankruptcy filings in the United States increased 8 percent in 2010, to a total of 1.6 million, and the numbers for 2011 are expected to rise even higher.

[In Pictures: Celebrities with the Biggest Money Problems.]

But just because bankruptcy is increasingly common doesn’t make it any less stressful. People who file for bankruptcy often feeling ashamed, overwhelmed, and hopeless. Here are eight tips on how to recover:

Address what caused the bankruptcy. Perhaps you need to set a new budget or look for new types of employment, so you don’t find yourself in the same financial straits five years from now.

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