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This Week Around The Web

1. Learning How to Survive on a College Budget

Making Sense of Cents — As we’ve stated here before, most parents don’t teach their kids about money matters. The end result is, they become financial failures later in life.  Michelle believes she can change that scenario. She comes up with eight ways college students can avoid debt and prosper.

Two ways interest me the most: Using your credit card correctly and “only take out what you need in student loans.” College kids in the past have been notorious credit card abusers. They order take-out food recklessly, binge-buy unnecessary items and so on.  She helps avoid that. As far as student loans, Michelle says don’t take out the full amount offered if you don’t need it.   Makes sense.

2. Which Student Loan Repayment Plan is Right for You?

Mom and Dad Money — Once you take Michelle’s advice and only request the money you need, Matt can help with the repayment plans. He tells you what repayment plan is affordable, which one saves you the most money, and which one works the quickest.

He  also tells you which plans you should avoid, and provides a review of the new “gold standard” plan:  Pay As You Earn (PAYE). This blog is substantial and very helpful. For more information regarding this subject, read the student loan section on


3. 10 Types of People Who Fall for Scams, Schemes and Cons

Money Talks News — It looks like older people aren’t the only ones being victimized by scams. Surprisingly enough, younger people are more at risk. Marilyn found that 77 percent of people 18 to 25 fall prey more often than people ranging in age from 65 to 75. The older come in at 44 percent. That’s shocking, but when you think about it and read this post, you’ll understand why.

Lonely people are also a favorite target. Scammers post fake profiles on dating sites and lure people desperate for companionship. Find out who else scammers are after and then read these posts on credit card scams, student loan scams and credit repair scams by

4. How Much Money Can You Save by Creating Simple Rules?

Money Mozart — Here’s a new twist on saving money — stop following all the expert advice. Chris says: “Instead of trying to get rich by following a ton of rules from various books and websites, simplify it.” Okay, let’s give his advice a chance. He says simple rules provide two major advantages: brevity and less description. Too much description invites confusion.

He uses a couple different situations, which help clarify his point. He then provides six types of simple rules. One example is “coordination rules.” They help you stay focused. He also shows you how to generate your own simple rules. This blog is long, and can get a bit complicated. But it’s helpful.

5. 11 Financial Behaviors You Don’t Want Your Kids to Learn from You

Good Financial Cents — Listen up, parents. Jeff provides excellent advice on how you can prevent your kids from becoming financial failures. He believes your financial actions speak louder than words. So act in a responsible manner. His fourth behavior is: “Credit cards are a way of life.”

Start using cash. Your kids will see the money disappear. It’s a visible consequence of spending. With a credit card you simply swipe or dip and take the card back. It’s like magic, but nothing disappears. Number 10 is thought-provoking: “Keeping Financial Secrets.” You buy something and then tell your kid/kids not to tell your spouse. They’ll learn that lying about money is cool. Here’s more advice regarding kids and money.

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