Hacks

How to Painlessly Pay off your Student Loans

If you are trying to pay off your student loans, you are not alone. As of 2018, there was a total of $1.5 trillion student loan debts. This is an all-time high, and thanks to the constant rise of new debtors and compound interest, this amount ...

Here’s How you can pay for your college

According to statistics, families in the US spend an average of $26,000 per year on tuition fees and other college costs. This is very high, and most of them end up using up all of their savings and other earnings to get their kids through college. ...

What to do if your parent plus loan is denied

If you had applied for a parent plus loan and got a rejection, you are probably pretty frustrated about it. Do not worry, this is normal, and it happens to many people. When it comes to loans, it is a 50-50 chance. Now, if you have received a ...

The 4 Types of Economic Systems – And Why They Matter

The way we organize our economies has evolved over the millennia. Almost no society operates on a hunter-gathered basis nowadays and instead almost every consumer exchanges some good for another in order to get through daily life, with some market ...

How economies of scale work

Efficiency is a driving force in economics: by producing products and services more efficiently, companies can offer lower prices, leading to more demand and higher trade. In turn, thanks to efficiencies, economies grow. Economies of scale ...

Understanding the price elasticity of demand

Knowing a little bit about how economics works means you can be in better control of your money, and your financial future. Retailers and banks make rational business decisions based on economic theory, and in their own interests. Understanding ...

Price Floors: Everything You Need to Know

There are plenty of questions regarding price floors and price ceilings. People may wonder what they are, how they affect the people and markets, and if they are really beneficial or not. We’re going to discuss the differences between price floors ...

A guide to Credit Score for College Students

A typical college student has plenty to worry about, such as paying for school, holding a job, classwork, and the need to figure out what they are doing with their lives. There is however one thing that they do not put too much thought into, and ...

How to Invest while still in College

Most college students are rarely concerned about investments, or money matters. Their main concerns are studies, finding a good part-time job and having some fun while at it. However, in the same college, you will find a small group of people ...

How to Save Money in College

It is not easy to save while in college especially since there are way too many expenses, and in addition, you would want to have some fun. Money is never enough. So, how can you even save? How can you keep some cash aside? Can it even be done? ...