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Gen Y with Will

In Money Trouble?

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woman holding empty walletOkay, this article is packed with ways to prioritize your spending and save money creatively.  But what if you’re reading those articles too late?  What if you’re already in deep trouble when it comes to money?

And let me define “deep trouble”— you’re so broke you’re thinking about singing for change on a busy street. Being 30 days late on some payments, a shutdown phone, bounced checks, or lights being turned off in your pad also describe “deep trouble.”

If any of this sounds familiar, you’re not alone. People our age mess up all the time, and many ruin their credit in the process.

 

Read more: In Money Trouble?

The Top Ten Money Myths: How Many Have You Fallen For?

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As part of my job, I’ve spent the last four years talking to young people about money. I keep hearing these 10 money myths. How many have you fallen for?

  1. I don’t have to worry about credit at my age. Not true. By your early teens, you need to start paying attention to how you manage your money and use credit.

  2.  

    Read more: The Top Ten Money Myths: How Many Have You Fallen For?

 

Cell Phone Scams!

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We’re cruising along in the car listening to music. My buddy gets a phone call:

Last warning: your car insurance warranty is about to expire! Press ‘1’ to talk to a representative,” the voice says. Without thinking, my buddy presses “1” and looks lost while listening to what the person on the phone has got to say.

Wait a minute; he suddenly remembers he doesn’t even have a car!

 

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Job Scams!

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So the economy is bad. People are losing jobs and are out of money… Sounds familiar?

So, let’s say you’re looking for a job. Here’s something you have to think about: being scammed in the job hunt....

Job scams are happening to young people around the country more and more, whether they’re moving out, or moving back in with their parents.

 

Read more: Job Scams!

 

Travel the World!

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Have you heard this airline credit card promotion?

Sign up for our airlines’ credit card now, and we’ll give you a free round-trip ticket to anywhere in the continental USA! Plus… We’ll give you 5000 bonus miles on top of that! Yes, these miles can be used to get more free tickets. The sky is the limit, and it doesn’t cost you anything either.

Let’s have a look at these claims!

They give you the 5000 free miles. But did you know 5000 miles is not enough to get you a free trip?


 

Read more: Travel the World!

   

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Web Links

September 2010

Floods in Pakistan: FTC Warns Consumers to Give Wisely. Following these tips will help you make sure your money goes to aid the flood victims.

Do you like to give or use gift cards? Then you'll like these new rules for gift cards.

Concerned abourt your privacy online? Then check out the articles in Consumer Action News' Summer Issue.

Disasters can have unexpected consequences that impact your privacy and your personal information. This article from the Privacy Rights Clearinghouse can help you be prepared.

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