Chapter 11 “Be a Great Money Manager”

Money, money, money, I love money. But sadly, I have no money because college is very inexpensive, NOT. I don’t think I spend too much money because I don’t. That’s not one of the reasons why I’m broke. I’m lucky that I don’t have a credit card because there the interest rates on that thing are ridiculous! My mom told me to never charge anything on a credit unless it’s an emergency. Using a credit card at the mall isn’t an emergency. My uncle has been using his credit card since forever and it has been building up. He owes more than what he spends, so this makes me not want a credit card. I will only use it for medical emergency or something useful. Open a bank account that has a checking and savings. Start to save money, so when there’s a real emergency, you can use that instead of the credit card. Credit card may be tempting to have because you can charge it anywhere and buy anything. Bad part that college students don’t understand is that the credit card companies have interest rates.