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InChargereg Education Foundation and YOUNG MONEYreg Magazine Hit the...



September is a time for fresh starts, especially for students. New classes...new clothes...new schedules. And while school may already be back in session for some, it's not too late for a last minute cram session in Personal Finances 101.



According to the most recent report by Sallie Mae, 30% of college students will graduate with $10,000 or more in credit card debt, and 50% will graduate with $5,000 or more in credit card debt. For most of these students, these figures are on top of sometimes overwhelming amounts of student loan debt.



YOUNG MONEY Radio, a new weekly show by InCharge Education Foundation and the editors of the popular campus magazine YOUNG MONEY, have released their top five smart money strategies for students to insure that this school year starts off on the right financial track.



Mike Schiano, personal finance expert and host of the new radio show, offers an overview of this week's show, which can be heard at a good time to request a free annual credit report, and to conduct a thorough check to make sure all information is accurate. If you need help navigating your credit score (What does it all mean How do I improve it) visit a href="http://www.creditbooster.com"linkClick( this.href );">http://www.creditbooster.com to purchase CreditBooster: Ultimate Guide to a Better Credit Score.



4. Get Organized: Vow to keep all receipts and bills organized and in a safe place, as you may need to start filing income taxes this year. The more organized you can stay throughout the year, the easier it will make filing those returns, when need be. Also, do your best to pay bills (or at least organize them) as soon as they arrive. All too often, people throw bills in a drawer, only to forget about them, and then end up paying late fees (which can in turn negatively affect your credit score).



5. Abide by the 60-day rule when it comes to credit: Many college students get their first credit card, and just don't know how to handle it. If you do have a credit card, be very cautious about making spontaneous purchases--which easily compound over the course of the month--leaving you with a much bigger bill than expected. If you do want to make a purchase, and you don't have the cash up front, be sure to plot it into your spending plan, and confirm that you'll be able to repay that borrowed money over the next 60 days, or two billing cycles. If you don't think you'll be able to repay, you may want to wait on that purchase a bit longer.



To hear this week's YOUNG MONEY Radio episode in full, please visit www.youngmoney.com. Previous shows are archived so that youngmoney.com's two million annual visitors can listen to the program at their convenience or download them into their favorite MP3 players.



YOUNG MONEY Radio is made possible by InCharge Education Foundation, a national nonprofit personal finance organization, dedicated to financial literacy education for all Americans, and YOUNG MONEY magazine, currently distributed to 750,000 college students across the country. For more information, email radio @ youngmoney.com or visit http://www.incharge.org






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