Economics and Education

[The Ozzman]

No kidding. No business major is a cake degree.

Management is cake and so is Marketing to a degree. I think saying a degree like Economics is cake is idiotic as econ is fucking hard when you get into the upper level shit. Same goes with finance and accounting

Also MIS as a lot of it is coding and shit

 

[Ultimate_Symphony]

I didn't take any courses that teach you how to deal with your money, all economics courses I took are administration related ones. I don't really mind anyways. I moved out of my parents house and been living away for almost five years, so I had to learn one way or another.

I suppose if I was to buy a house or condo this would be true. Other than that, if I wanted something like a car, I could pay for that in cash right now, so a credit score would be irrelevant since I wouldn't need a loan.

A credit card will make your life much easier on the long run. You just gotta keep it in check, and don't let your GF borrow it.

 

[The Ozzman]

A credit card will make your life much easier on the long run. You just gotta keep it in check, and don't let your GF borrow it.

Well, I've had a CC for a year now (maybe two? I don't remember). Anyway, I keep it in check obviously, but sometimes I think it's more a hassle than anything else. I predict massive defaults on credit cards in 2009.

 

[Blind Guardian]

I took an education loan which i bought my car for . It's great, if i would have taken it from a bank the interest would have been way higher.

 

[The Ozzman]

I took an education loan which i bought my car for . It's great, if i would have taken it from a bank the interest would have been way higher.

You faggot, someone may have needed that school loan for actually going to school

 

[Ross]

tbh its quite clever

 

[Blind Guardian]

You faggot, someone may have needed that school loan for actually going to school

I WAS in school when i took it you faggot nr 2.

 

[Ultimate_Symphony]

^^ I'm actually trying to get my score higher to buy another car. I don't want to deal with the hassle of having one of my cars on my dad's name.

 

[The Ozzman]

I WAS in school when i took it you faggot nr 2.

Yeah, but you didn't use it for school

 

[Blind Guardian]

In a way i did because i lived 5 mil (31 miles) from school back then with one bus a day going into town at 06:20 AM and home again 17:30 PM. Now if i would've had a friday where i started after 12:00 going into town at 06:20 would be overkill, not to talk about what i'd do if i missed the bus.

 

[seedofvengeance]

Yeah, but you didn't use it for school

I use my extra money from school for all sorts of stuff.
You're supposed to, that's why you're given extra money... it's cost of living money.
I make the sacrifice of working 30 hours a week to pay my bills, so I can use that money on whatever the fuck I want.

 

[Ender Rises]

^.

It's supposed to reimburse you for cost of living expenses. It's supposed to be spending money. The government and the school can get their heads together and keep the money given down to school related expenses only but they don't. Why? Because they want you to use the money!

 

[cookiecutter]

I never learned about personal finance in school but my parents always paid everything on time, including credit card bills. I turned out to be very frugal and mostly spend money on CDs, food and beer. I do not have a credit card but I do use my debit card a lot. I don't know about other places but nearly every store in Toronto accepts debit so unless you're getting airmiles or something I don't see why you wouldn't use debit if you don't want to carry a ton of cash.

 

[Zephyrus]

I use my credit card to build my credit score.

 

[MasterOLightning]

I have a credit card under my mom's name. This keeps me from buying booze on it when I don't have cash or anything left in checking. I try and keep my checking under $100 so I sometimes am near broke and avoid spending for a few days. I use debit semi-regularly, but it can be irritating when there's a minimum charge. Apparently there are fees for retailers who accept debit cards, so it's better to just pay cash when possible. But I usually use it for bills or gas.

Fortunately for us metal types, we save money on things like expensive clothing or haircuts. Aside from buying shoes I must spend less than $100 a year on clothes.

 

[The Ozzman]

Why do you try to keep your checking under 100 bucks? Don't you want to save money?

 

[Ben_t]

Why do you try to keep your checking under 100 bucks? Don't you want to save money?

He might have a saving account as well as a checking account...maybe...

 

[MasterOLightning]

Yeah. I have a savings account. I'd rather collect as much interest as possible (pennies, but still) by keeping the vast majority of money in a savings account. So I'll pull out some money when I need to. But it would be silly to have say, half my money in savings and half in checking.

 

[The Ozzman]

He might have a saving account as well as a checking account...maybe...

Yeah, I thought about that after I posted that.

Yeah. I have a savings account. I'd rather collect as much interest as possible (pennies, but still) by keeping the vast majority of money in a savings account. So I'll pull out some money when I need to. But it would be silly to have say, half my money in savings and half in checking.

I got rid of my savings account about a year ago. All of my money is currently in a checking account bearing zero interest. I need to put some of it in a CD soon

 

[skeptik]

I have about $1,300 from a bank account I had when I was young. I was thinking about just dropping most of it in my savings, but I suppose putting it into a CD would be more advantageous.