Money Matters

No one knows what may happen in the next moment and in case of any unforeseen happenings an emergency fund would be of great help. Month after month most of us face many unplanned expenses and such things take a big cut from the savings pie. An emergency fund will help you not to depend on high interest loans or your credit card. Sudden illness, household repair and many other things that sprout out from time to time may be met with this fund and after that it can be recreated.

If there is one thing financially that will help you sleep better at night, it’s the knowledge that you have some money in the bank for a rainy day

So, be wise and start building your emergency fund.

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All the banks in US have a special mechanism where payment can be done to any patry using a pay cheque . well now dont go about searching for such an option of your banks website. its most likely that ou might not find one.

Goto Amazon , If you purchase any goods, they have an option for paying by credit/debit card. Also they have one huge not e put up on their website that asks you to pay using direct account payment if possible.

It is because direct payments of any amount does not cost you/seller anything. Paying on credit cards add up the transaction cost for the seller that he adds up to the product value. , and also adds to your credit bill.

This method is easy and secure for any bank around USA which will keep serving you for free when you make a direct cheque on the internet.So the next time you want to pay a huge amount for you new HDTV at an online store, pay using the direct account payment / E -Cheque if you are provided with an option.!!!

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Managing money is not a big art and a few simple steps will help you to sail smooth. Students tend to spend recklessly without knowing what is in store for them and this should be avoided. Here are some small but valuable tings which a college student will find it useful

-Check out for any student discounts while travelling or shopping, always carry your ID card.
-Keep track of your bank and credit card statements at least once a week.
- As every one says don’t reveal your SSN or other bank account numbers unnecessarily.
-Try to have some funds for emergency. Amount to cover a month or two expenses would be great.
-Discuss with your parents regularly about finances.

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