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Financial
Tips

Tip 1

Save - Start on the right path by learning how to spend less than you make.
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Tip 2

Pay Yourself First - take an amount out of each paycheck and put it in a savings account.
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Tip 3

Big Purchases - save the money first to avoid credit card debt.
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7 College Jobs That Will Boost Your Resume

Want to boost your job prospects after graduation? Any part-time work during college can give you an advantage.

"Balancing work and school shows you can manage your time," says Nicole van den Heuvel, director of Rice University's Center for Career Development. "And jobs that aren't glamorous show that you're not a prima donna." But with a little strategizing - and a little luck - you can land a position that will really enhance your resume.

First step: Go directly to the campus employment office during freshman orientation. "You'll be on campus before the upperclassmen. Take advantage of that," suggests Michael Sciola, Colgate University's associate vice president for advancement and director of career services.

Here are some skills-boosting job ideas.

1. Social media coordinator: This job, which involves using Facebook, Twitter, YouTube, WordPress and similar platforms to spread the college's or another employer's message, will burnish your communication skills and is likely to make you super-savvy about the latest technologies. Experience could also include data analysis, looking at various metrics that measure viewer engagement, and strategizing how to improve those metrics.

An advertising major at Boston University, Valentina Monte leveraged her "personal obsession" with Twitter by convincing a local pizza restaurant where she worked as a hostess to pay her to do its social media, and getting hired by Procter & Gamble and HBO to use social media to market the brands on campus. Monte, who graduated in 2012, now works full-time for HBO's social media and performance marketing team.

2. Campus brand ambassador: As Monte discovered, the race to grab college students' attention and dollars has companies like General Mills Inc., Google and Coca-Cola Co. hiring on-campus ambassadors to do everything from wear the brand's logo to tweet about the products.

Besides learning sales, marketing and strategy, you'll get a grounding in the products - and the inside track on a job after graduation.

3. Help desk staffer or computer salesperson: You'll pick up tech skills manning your school's help desk, but chances are you'll learn them working in the electronics section of the campus store, too. Because many schools require students to have laptops, the campus store is where the machines are issued. You'll often install software and do minor troubleshooting, plus gain product knowledge that could prove valuable when you're job hunting.

After four years in the campus store at the University of North Carolina--Chapel Hill, Sam Hudson, who graduated in 2012, approached a representative at a job fair looking to fill positions at Lenovo. "I said, 'I've been giving out your computers for a couple of years,'" says Hudson, now an account coordinator for the company in North Carolina.

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7 LinkedIn Etiquette Rules You Need to Follow

Publisher: Alyssa Gregory - Posted on 05/03/2013

LinkedIn is arguably the largest and most frequently used professional network online. And it's growing at a very fast pace. As of December 31, 2012, LinkedIn had more than 200 million members in over 200 countries, with new accounts being created at a rate of approximately two per second.

If you're a small business owner who targets professionals and other small businesses, you need to have a presence on LinkedIn. But keep in mind that LinkedIn is a very different animal than other social networks you may be using in your business. The LinkedIn etiquette rules below will help you make stronger connections and build a better network that will help you grow your small business.

1. Use a real photo of you – One key part of completing your LinkedIn profile is uploading a headshot or photo. Sure, you could use a picture of your dog, Fluffy, but keep in mind that LinkedIn is a professional network. In order to form genuine connections, people want to know who you are. A professional headshot is always the best choice.

2. Check your account on a regular basis – You don't need to be logged into LinkedIn all day long, but if you're interested in growing your network, you should log in at least a few times a week to respond to messages, accept connection requests and interact with other users.

3. Customize your connection requests – When you request a connection with someone else, delete the LinkedIn message template that says, "I'd like to add you to my professional network on LinkedIn," and write a short, personal message that highlights how you met or know each other and why you'd like to connect. This personal touch will go a long way!

 

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Perils of Moving to a No-tax State

NEW YORK (CNNMoney)

You might think that moving to a state with no income tax would greatly simplify your tax life. Not so fast.

If you're not careful, it could greatly complicate things and cost you tons in back taxes and penalties.

For example, if you are still planning to spend significant time in your former state, you better limit it to less than 183 days.

Why? Spending any more time there could mean you'll be treated as a resident of that state and therefore have to pay tax.

And it's not just days spent in-state that tax authorities may scrutinize. They will look at a host of factors to see if you legally owe them taxes despite setting up a new home elsewhere.

 

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Could You Cut Your Spending in Half?

By Cynthia Ramnarace | DailyWorth – Sun, Jul 7, 2013 8:00 PM EDT

A latte on the way to work. A take-out meal on the way back. A dress you saw on sale in a window at lunch. Drinks with friends that turned into a three-course dinner. Before you know it, you're tapped out and left wondering: Where did all the money go?

It's easy to succumb to mindless spending when your mind is on other things. (And when you're juggling work and family and friends, when is it not?) But how might your spending change if you had to keep track of every expense? DailyWorth challenged three women to chart their discretionary spending for a week--basically anything that wasn't a recurring expense (think: mortgage, utilities and childcare)--then try to cut it in half the next. Here's what happened.

Michelle Morton, 43, Raleigh, N.C. Self-employed professional organizer, married, mother of three

• Spending, Week 1: $568.42
• Spending, Week 2: $400.04
• Savings: 30 percent

How She Did it: In week one, Michelle realized she'd spent $175 on eating out. So in week two, she focused on cutting that by more than half, to just $75. Cooking at home for her family took more planning and effort, but it led to a pocket-book payoff.

A-ha Moment: Logging her spending daily saved Morton from the greatest budget-buster of all: Surprises! "What would happen previously is a few days would go by and I'd enter my receipts and I would be like, 'Are you kidding me?' It's $4 here, $10 here and it doesn't seem like that much but then when you go to put the receipts in it's like, 'Oh my God.'" Updating her checkbook daily gave Morton better control.

What She Learned: Being accountable to someone else (in this case, DailyWorth) for a week made her much more mindful of what she spent her money on. Going forward, she's planning regular check-ins with her husband, in the hopes that could have the same effect (on each of them). And she's going to try to stick to a budget. "Really what needs to happen is to say 'This is what we're going to spend on groceries this week' and when it's gone, it's gone," she says. "And 'This is what we're going to have to spend on eating out,' the same kind of thing. I have to stop telling myself that although we really won't save any money this month we'll make it up next month because that never happens."

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Boomerang kids: Nothing wrong with living at home

By Les Christie @CNNMoney August 13, 2013: 7:07 AM ET

NEW YORK (CNNMoney)

Remember when kids couldn't wait to move out of their parents' house? Well those days are over.
In a survey of 2,000 Americans by Coldwell Banker, young adults ages 18 through 34 said they think it's perfectly acceptable to live with their folks for up to 5 years after college.

"There's been such a shift from generations ago when young adults couldn't wait to leave," said psychotherapist, Dr. Robi Ludwig, who helped conduct the Coldwell Banker survey. "It's mostly the economy. They can't find jobs that will enable them to do that." Not only do these boomerang kids think it's okay to hunker down with mom and dad, but many of them are actually doing so. Trulia recently released a survey showing that 44% of jobless 18 to 34 year-olds live with their parents, while nearly a quarter of those with jobs have yet to leave the nest.

The problem is that all of those 20- and 30-somethings living at home has weighed on the housing market's recovery, says Jed Kolko, Trulia's chief economist. With little-to-no track record paying rent or establishing the credit they need for a mortgage, there are fewer first-time home buyers entering the market.

And that seems to be having an impact. Home ownership, at 65%, is at its lowest level since 1995, according to a recent report from the Census Bureau.

New household formation, which measures the growth of homes occupied by either owners or renters, has plunged to an annual average of about 550,000 between 2007 and 2011. That's far fewer than the annual average of 1.35 million during the previous five years.

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How to Start Paying Off Student Loans

Kick off your payments with honesty and responsibility.

By KATY HOPKINS

November 6, 2012

During college, students who need to take loans may not give much thought to the accumulating financial burden. With no bills coming for months after graduation, preparing for repayment may not take immediate priority.

"They're thinking about graduating and looking for a job, and have kind of put off the idea of what they're going to owe until they leave," says Chris George, assistant vice chancellor for enrollment and director of financial aid at the University of Denver.

But the six-month grace period some loans offer is likely over for class of 2012 graduates—meaning it's time to kick off a repayment plan now. Here's how to get started.

1. Face your debt: If your loans have been building, a crucial first step is to know what you're working with. On the National Student Loan Data System, students can locate all their federal loans and find debt totals, including accumulated interest.

"Before I looked online, I wasn't even sure how much my loans were, including interest," says Meghan Mitnick, a teacher in New York City with six-figure loan debt from two New York University degrees. "Even though it's really scary, know exactly what you're dealing with."

2. Contact your loan servicer: Once you know how much you owe, find out exactly who you'll be sending checks to—your student loan servicer.

"That's the question we get often: Who am I supposed to be paying?" says George of the University of Denver.

Whether you have federal or private loans, your loan servicer is your first point of contact for any questions and address updates, so don't hesitate to reach out, recommends Erin Wolfe, associate director of financial aid at Susquehanna University.

"The best advice for any graduate is to remain proactive in loan repayment," Wolfe wrote in an E-mail. "If you have questions or concerns, contact the loan servicer without delay. Building a successful repayment strategy for student loan debt is essential for shaping the borrower's financial future."

3. Pick a repayment plan: The standard repayment plan for student loans is 10 years, but that doesn't necessarily make it the right option for every student.

Some borrowers of federal student loans, for example, may be better off opting into Income-Based Repayment or Income-Contingent Repayment plans, which adjust monthly bills according to pay. For help finding the right plan, online tools such as PayBackSmarter.com allow students to experiment with payment options.

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