College students often have to face challenges associated with their newfound financial responsibility and establishing a credit score is one such challenge. The credit score is perhaps the most important aspect of a person’s financial situation, affecting everything from job applications to home ownership and vehicle rentals. Fortunately, building good credit is relatively simple for a student with a low limit credit card. The following information should help anyone build a good credit score with minimal effort and risk.
Why Low Limit Credit Cards?
Low limit credit cards are perfect for college students with no credit because they’re easy to gain approval for and they are less of a temptation than cards with higher credit limits. Credit card companies and banks are more likely to grant a student with no credit a low limit credit card, and student credit cards typically have better terms than conventional cards. Mos
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Money Management.
It can be the difference between living free from financial worries or scraping by from paycheck to paycheck. But there are several money management myths floating around that can act as roadblocks on your way to financial security.
Fear not, however, because we’re here to guide you through these myths and help establish a financial plan that’s right for you.
5 Myths of Money Management
1.) Always use rewards credit cards for big purchases
This can potentially be a dangerous line of thinking. While these types of credit cards often have fantastic rewards, they also usually have higher interest rates. So while it may seem enticing to get the boatload of airline miles that would come with a $5,000 purchase, it could cost you a lot more money in the long run if you won’t be able to pay your balance in full at the end of the month.
Stick with low interest credit cards for bigger purchases that you plan to finance. They d
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Eric Ostendorf struggled with anorexia starting at age 11. At his lowest, he weighed 79 pounds. STORY HIGHLIGHTS
- More children are developing eating disorders early, warned a report in Pediatrics
- Recently, there was a sharp rise in hospitalizations from eating disorders for children under 12
- Perception that the disorders affect only females is wrong, especially for younger kids
- Anorexia was an uncontrollable urge to exercise and restrict diet for Eric Ostendorf
In class, Eric Ostendorf fidgeted in his seat and constantly kicked his knees up for exercise. He’d ask to go to the restroom, where he would do 45 chin-ups using the bar between the stall walls.
“Everything I did was with the thought in the back of my head, ‘How can I burn the most calories?’ ” he said.
Instead of savoring food, Eric felt disgusted. He would flush his lunch down the toilet. Read more…
Two of three major credit card issuers have reached a proposed settlement with the U.S. Justice Department. Along with seven state attorney generals (Ohio, Connecticut, Iowa, Maryland, Michigan, Missouri and Texas), the Justice Department filed a civil antitrust suit against the three largest credit card issuers, MasterCard, Visa and America Express, that challenged rules that allegedly restrict price competition at the point of sale by barring merchants from offering discounts, rewards and information about card costs. The restraints purportedly prohibit merchants from fostering competition among credit card networks at the point of sale and result in higher costs to consumers.
“We want to put more money in consumers’ pockets, and by eliminating credit card companies’ anticompetitive rules, we will accomplish that,” Attorney General Eric Holder said. “We need to ensure that every consumer has access to more choices and lower prices. And that Read more…
A new study from the University Hospital in Essen, Germany, suggests that acupuncture really does alter the brain’s perception and processing of pain.
Using functional magnetic resonance imaging (fMRI), researchers have captured pictures of the brain while patients experienced a pain stimulus with and without acupuncture.
“Until now, the role of acupuncture in the perception and processing of pain has been controversial. Activation of brain areas involved in pain perception was significantly reduced or modulated under acupuncture,” said Nina Theysohn.
Acupuncture needles were placed at three places on the right side, including between the toes, below the knee, and near the thumb. Then, fMRI was repeated while electrical currents were again directed at the left ankle.
The researchers then compared the images and data obtained from the fMRI sessions with no acupuncture to those of the fMRI sessions with acupuncture.
The results showed that during acupuncture, activation in most of the pain-processing areas of the brain was significantly reduced. Theys Read more…