Archive | April, 2009

what is the envelope system and how does it work?

The envelope system is a process in which you pay for as much stuff as possible in cash. Here’s how it works. The first thing you do is determine the common expenses that you can pay for in cash. These are categories such as groceries, gas, entertainment, clothing, eating-out, etc. Once you have set up […]

why does it cost so much to go to college?

You may have noticed that college is slightly expensive.  And each year it gets worse. According to The College Board, the average cost of tuition at a private college is up 5.9% and public college tuition is up 6.4%.  Even the cost of two-year community colleges is up 4.7%. But why?  If college is supposed […]

is there a way to have a credit card but only use it for really expensive things?

If you have a credit card, you can use it for just about anything you want to.  Once you get a credit card, they give you a credit limit which is the maximum amount of money you’re able to charge to that card, but a credit card company really doesn’t care what you spend it […]

nine practical ways to cut your spending…

In this month’s issue of Money Magazine, there is an article about practical ways to cut your spending.  We went through and pulled out some of the best ones that apply to students…   Don’t pay retail for college textbooks (see our recent post about saving money on textbooks) At college, go for a seven […]