Don't Break the Bank: A Student's Guide to Managing Money (2 page)

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BOOK: Don't Break the Bank: A Student's Guide to Managing Money
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Common Terms Used by Banks
Check, Please!
Farewell to the Float
Attack of the Killer Fees
Practice Makes Perfect—Filling out a Check
What Does It Mean to Be Overdrawn?
Putting Things in Balance
BTW, You Can Use an ATM
Debit or Leave It

Chapter 6
Online Banking and Bill Paying

Advantages of Online Banking
Disadvantages
Direct Deposit
Automatic Savings
Online-Only Banks
Online Bill Paying
Safety First
Watch Your Account Activity Closely
Identity Theft
Protect Yourself
Ten Ways to Protect Yourself from Fraud and Identity Theft
Watch Out for Phishing and Online Scams
How to Avoid Getting “Hooked” by a Phishing Scam
Keep an Eye on Your Credit Reports

PART 4

Being Financially Responsible

Chapter 7
Saving for a Rainy Day

The Importance of Savings
Where to Put Your Savings
Savings Accounts
Investment Account
Opening a Savings Account
How to Start Saving
Take Baby Steps
Get Your Family (or Friends) Involved
Save It Before You See It
Keep (and Stash) the Change
Cut Expenses to Save Money

Chapter 8
Don’t Spend It All in One Place: Creating (and Sticking to) a Budget

How to Set Up a Budget
The Best Laid Plans
How Far Would $100 Go?
Pinpoint Your Priorities
Make It a Family Affair
Needs vs. Wants
Common Expenses—The Stuff We All Want
Go Go Gadgets!
Can You Hear Me Now? Cell Phone Expenses
Food
Bored to Death, Excited to Debt
I Get Around: Gas and Transportation Costs
Clothing
Ways to Save Money and Cut Expenses
3 Things You Can Do to Make Your Money Last

PART 5

Credit Cards and Debt

Chapter 9
Understanding Debt and Credit

What Is Credit?
Good and Bad Credit
Credit Reporting Agencies
Contacting the Credit Bureaus
Your Credit Report
Your Credit Score
Checking Out Your Credit Report
How Bad Credit Can Hurt You
How Is Your Credit Score Used?
Landlords
Employers
Score vs. Report: Which Is Better?
What to Do If Your Report Isn’t Perfect
If There Are Errors in Your Report
Deciding What to Pay First
Building Good Credit

Chapter 10
Charge It! (Paying with Plastic)

Can You Get a Card?
Credit Card Pros and Cons
Advantages
Disadvantages
Credit Card Terms
Interest Will Sneak Up on You
Remember Your Credit Limit
Uncover the Hidden Charges
Increased Interest
Do’s and Don’ts of Credit Cards
Choosing a Credit Card
Secured Credit Cards
Prepaid Cards
Student Prepaid Debit Cards
The CARD Act and What It Means to You
Quiz: What’s Your Credit Card I.Q.?

PART 6

Money U: Paying for Your College Years

Chapter 11
Financial Aid and Scholarships

Types of Financial Aid
Grants
Scholarships
Loans
Applying for Financial Aid
Online Financial Aid Resources
FAFSA Online
Nelnet, Inc.
FinAid
Common Questions About Student Loan Repayment

Chapter 12
Money U: Managing Your Finances While in College

Practice Being Independent
No Such Thing as Normal
For the Dorm Dwellers
Off-Campus Living
Are You Ready for Roommates?
Roommate Money Questions to Consider
Keep Credit Cards Under Control
Be Smart with Student Loan Debt
Your Income May Affect Your Financial Aid
Save Money on Textbooks
Beware the Unpaid Internship
Maintain Your Money Habits

PART 7

Taking Stock of Your Financial Future: Investing

Chapter 13
Investing: How to Make Your Money Grow

The Game of Risk
Doing the Diversification Dance
Liquidity
Stock Market
Some Important Stock Market Terms
Check Out My CDs
Money Market Accounts
Mutual Funds
Government Bonds
Real Estate
Collectibles

Glossary
Resources

Books
Web Sites

Special Advertising Section

Resume Edge

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