Comments on: Podcast 21: Student Saving Tips and How to Survive on a Teacher’s Salary http://www.consumerismcommentary.com/2009/09/13/podcast-21-student-saving-tips-and-how-to-survive-on-a-teachers-salary/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 20 Mar 2010 04:00:59 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Daniel @ Sweating The Big Stuffhttp://www.consumerismcommentary.com/2009/09/13/podcast-21-student-saving-tips-and-how-to-survive-on-a-teachers-salary/#comment-199008 Daniel @ Sweating The Big Stuff Thu, 08 Oct 2009 03:38:48 +0000 http://www.consumerismcommentary.com/?p=7290#comment-199008 Hi, I've been catching up with your last few podcasts, and overall I liked it, and I have one gripe.I just graduated, so I'm familiar with what it's like being in college, so when you say that students should open up savings account, and you suggest ING, it seems like that's really not worth it.For those who work over the summer, saving at MOST $5,000, putting that in the bank for a year yields (at 2%) a grand total of...$100 a year. There are many better ways to earn money.Sign up for studies around campus. I did this, spent an hour for $10 or $15 every few weeks. With all the time students have, the best idea is to stop gambling your money playing poker and do something useful with your life. Playing backgammon or dominoes probably is a waste of time (although I made some good money playing competitive free cell (yes!)).Also, cash back cards are a joke. 1%? Students aren't spending $10,000 a year (another $100) on their credit cards. It is important to build credit at an early age, but most students, like you said, take a $5 t-shirt in return for opening an account. Not worth it. But for those who listened, if you're responsible enough to be listening to this blog, then a credit card is probably right for you.When is the rest of the Herb Cohen podcast going to be released?? Hi, I’ve been catching up with your last few podcasts, and overall I liked it, and I have one gripe.

I just graduated, so I’m familiar with what it’s like being in college, so when you say that students should open up savings account, and you suggest ING, it seems like that’s really not worth it.

For those who work over the summer, saving at MOST $5,000, putting that in the bank for a year yields (at 2%) a grand total of…$100 a year. There are many better ways to earn money.

Sign up for studies around campus. I did this, spent an hour for $10 or $15 every few weeks. With all the time students have, the best idea is to stop gambling your money playing poker and do something useful with your life. Playing backgammon or dominoes probably is a waste of time (although I made some good money playing competitive free cell (yes!)).

Also, cash back cards are a joke. 1%? Students aren’t spending $10,000 a year (another $100) on their credit cards. It is important to build credit at an early age, but most students, like you said, take a $5 t-shirt in return for opening an account. Not worth it. But for those who listened, if you’re responsible enough to be listening to this blog, then a credit card is probably right for you.

When is the rest of the Herb Cohen podcast going to be released??

]]> By: SweetCollegehttp://www.consumerismcommentary.com/2009/09/13/podcast-21-student-saving-tips-and-how-to-survive-on-a-teachers-salary/#comment-198538 SweetCollege Wed, 23 Sep 2009 02:43:22 +0000 http://www.consumerismcommentary.com/?p=7290#comment-198538 I am a college student who had a lot of trouble getting used to the college life. I had an issue trying to budget my money. I finally realized what the problem was...my cell phone bill! I was spending way too much on my bill every month. So I decided to switch to a prepaid cell phone service. TracFone has recently merged with Verizon Wireless to create the Straight Talk plan. This plan entails unlimited talk and unlimited text for only 45 dollars a month. Plus, there are no overage fees, cancellation fees, or activation fees...and its on America's most reliable network. I am a college student who had a lot of trouble getting used to the college life. I had an issue trying to budget my money. I finally realized what the problem was…my cell phone bill! I was spending way too much on my bill every month. So I decided to switch to a prepaid cell phone service. TracFone has recently merged with Verizon Wireless to create the Straight Talk plan. This plan entails unlimited talk and unlimited text for only 45 dollars a month. Plus, there are no overage fees, cancellation fees, or activation fees…and its on America’s most reliable network.

]]>