What is Digg?9 Comments
- Y0tsuya, on 10/10/2007, -0/+3Have them watch a short educational video. Only takes a few minutes:
http://www.youtube.com/watch?v=MxFx0NzSjWw - Terr01, on 10/10/2007, -0/+2I think it's one of those basic economics stuff. People need to have an appreciation for the whole idea of interest and trends and what it means to dig yourself into a debt hole. (Delayed gratification!)
With made-up numbers, say you have a tuition loan at 5% interest and a car loan at 7% interest. When you get extra dough, pay off that car loan, because there's almost no way to invest your money which would give you a better return. Better yet, pay off your credit card (20% interest?) first! If you can't pay the full balance on your credit card each and every month, you need to buy less.
At any rate, that's my strategy. I want a good credit rating for when I do need to buy some big thing, but one of the worst places to let debt accumulate is on your credit card. - pintomp3, on 10/10/2007, -0/+2i think they should scrap "home ec" or some other lame course and teach basic finance in high school. of course this would never happen, the credit card industries would fall apart. it amazes me how many people keep money in the bank while carrying a balance on high interest credit cards.
- Error601, on 10/10/2007, -1/+3If you're not smart enough to handle some marketing, you probably don't deserve a degree.
- StatiK69, on 10/10/2007, -0/+2I remember walking down a main area of campus at ASU and having to walk past no less than 10, yes, 10 different companies offering cards! While I appreciate allowing students to experience real world things, crime on campus, student loan debt, instructors that don't give a crap and TA's that speak little to no english... I don't really think 10 companies all lined up in a row was necessary for my college education.
- Bricks, on 10/10/2007, -0/+1If you pay your bills on time, its pretty damn good!
- Terr01, on 10/10/2007, -1/+2If you're going somewhere with tuition that high, that means you ask your parents (or trust fund) for another $150/wk for your allowance.
- uncopyright, on 10/10/2007, -0/+0This is a start
http://www.pbs.org/wgbh/pages/frontline/shows/credit/ - joggan, on 10/10/2007, -1/+0You mean it's not good to finance my $40k/yr tuition on my 21% interest Visa card? At least I got a free t-shirt out of it.
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