Archive | January, 2014

WIN A $50 AMAZON GIFT CARD!!!!!

31 Jan

www.purdue.edu/mymoney

Photo By: OpenSeaMap

Photo By: OpenSeaMap

 

So let’s be honest. Who has not heard of or ordered SOMETHING from Amazon.com? Amazon sells EVERYTHING from class supplies to movies (rent or buy) and electronics.  Amazon even ships your purchased items right to your front door. Who couldn’t use 50 bucks on a site that sells pretty much anything and ships that everything to your door?

Now I know what you’re thinking, “This it sounds too good to be true AND if it sounds too good to be true then it probably is…” You also may be thinking, “Wait a minute there is no such thing as a free lunch…” So what’s the catch?

Let’s start from the beginning…

MyMoney is hosting an E~Scavenger Hunt sponsored by CashCourse from February 3rd to the 28th. CashCourse is a free financial literacy resource that offers online personal finance tools to help you build real-life-ready financial skills.  CashCourse is noncommercial and will NEVER advertise any products or services to you.  CashCourse is funded by the Nation Endowment for Financial Education (NEFE) so their website or services will NEVER cost you a penny!

Every Monday in February, three questions will be posted for you to answer.  You can find the questions here or by following us on Twitter. To find the answers you will need to create a user account at CashCourse.  Once you have entered CashCourse, you will be able to find the answers by browsing through CashCourse materials or by completing assignments in “My CashCourse Planner”.  In the assignments section of CashCourse you will need to choose a professor.  For all questions and assignments relating to the E~Scavenger Hunt, Brandon M. Endsley will be your professor.  You can send answers to Professor Endsley through email at mymoney@purdue.edu or Tweet your answers to @mymoneypurdue using #CashCourse.  You will have until midnight, February 28th to send in your answers.  Answers submitted after the deadline will not be accepted.

Amazon Gift Card

Photo By: Amazon

Winners will be announced during the first week of March and gift cards can be picked up at The Division of Financial Aid, which is located in Schleman Hall of Student Services, 475 Stadium Mall Drive, Room 302 or 305.  Winners will be notified via their email address listed on their CashCourse account.

To be eligible for the $50 Amazon Gift card you MUST create an account on CashCourse.  Students who answered the most questions correctly will go into a drawing for a gift card.  Ties will be settled by which student completed the most assignments (hint hint: it is better to find the answers using CashCourse assignments from Professor Brandon M. Endsley).

Six students can win a $50 Amazon gift card for answering three questions per week throughout February.  “How could this Scavenger hunt get any better,” you may ask??? Well, it is an E~Scavenger Hunt and the E stands for eeeelectronic!  So stay inside, stay warm, learn a little about your personal finances and potentially win A $50 AMAZON GIFT CARD!

2013 MyMoneyPurdue in review. Thank you for a great year!!!

8 Jan

The WordPress.com stats helper monkeys prepared a 2013 annual report for this blog.

Here’s an excerpt:

A New York City subway train holds 1,200 people. This blog was viewed about 8,000 times in 2013. If it were a NYC subway train, it would take about 7 trips to carry that many people.

Click here to see the complete report.

5 Tips for House Hunting Next Year

6 Jan

 

For Rent Sign

This is a guest post by Liz Nelson from WhiteFence.com. She is a freelance writer and blogger from Houston. Questions and comments can be sent to: liznelson17 @ gmail.com.

It’s never too early to start looking for a place to live. This tip is extremely beneficial to college students looking to live off-campus. The last thing you want to do is try to manage getting an education at the same time that you’re looking for somewhere to sleep. You need a place you can be comfortable, but doesn’t require a great deal of maintenance. How do you find a practical place to live for your immediate future?

1. Price Range – Going to college is not only expensive after you graduate and begin paying off student loans, but the immediate needs while you’re in school can be draining on your wallet as well. You need to find a home that is affordable once these expenses begin to accumulate. Many will find solace in living with roommates in order to diminish monthly bills to live a bit less stressed.

2. Location – Ideally, you want a place to live near the college you’re attending. Walking distance can save you a lot of money in travel expenses, such as gas or bus fare. Many landlords will have homes near colleges specifically tailored towards students. Of these, many are based on a month-to-month lease allowing you to vacate the property without fees for breaking the contract.

Night Traffic GIF3. Commuting – If you don’t have a choice but to live outside of the immediate vicinity of the college, at least focus on living near a bus stop or other form of public transportation. Driving your own car back and forth can cost you money, money that could be put to good used towards other expenses like food, rent, or other bills. Carpooling can be ideal if you live near other students where chipping in for gas is less expensive than driving yourself.

4. Settling In – To make the transition into college easier, being settled into your apartment/house can make you feel relaxed and ready to take on the semester. Having your place organized and properly prepared for getting stuff done can be a great relief when returning from school or work. Not having to worry about your house’s needs can greatly reduce your stress and help you be more productive. This is also ideal as many students procrastinate to find a place to live at the last-minute causing housing to be snatched up fairly quickly the closer it gets to the start of the semester.

5. Being Realistic – There may be some sacrifices you will have to make in order to live Castle by H. Raabcomfortably in a new place. Whether this is finding roommates, reduced Internet speeds and other comforts, less time going out, or anything else that can exhaust your funds, you need to be realistic about what you’re going to be able to afford. Keep in mind that this is only a temporary living arrangement as you just need something that is functional for your college lifestyle. Once you’ve graduated, there is nothing to say you can’t find something that is more to your liking when you have more money to spend on housing.

Being prepared for future expenses can help keep you from suffering from credit problems. By getting as much done as you can now, you can attend school without the additional strains that a house/apartment can cause. Procrastinate less and find housing before you are left to settle for less-than-ideal situations or locations in order to put a roof over your head.

Ways to Save on School Supplies

4 Jan

Raysha Duncan Purdue University Student and Peer Counselor
www.purdue.edu/mymoney

School Zone

Photo by: Bidgee

It’s that time of year again! It’s time to buy school supplies, get ready, and re-organized for a new school year. I don’t about you, but this is my favorite time of year! Buying school supplies and getting myself organized for the semester really excites me. I have to watch my excitement though because sometimes it can lead to overspending on supplies.

My biggest tip for saving money on back-to-school supplies is to shop the sales. Even if you think you will find a great deal in the middle of the summer, you should wait because you’ll regret missing out on the extra savings. As the start of the school year approaches, there are tons of deals on school supplies. For example, a lot of the larger office supplies stores have big deals and post them regularly on their websites (i.e. Office Depot and Staples). This past Sunday, many of these companies sent out flyers in the local newspaper. However, I find the easiest way to search for deals is to just use an online search engine. There are even websites and blogs dedicated to listing out the best deals of the week. Follow these and you can save a lot of money.

colored pencils

Photo by: Guerrion Boatto

If you’re not up for hunting around and comparing deals like an extreme couponer, just make sure to go with your gut and compare the prices at the store you’re shopping at. Do you really need the brand name notebook? Is it that much different from the store brand that costs three dollars less? Also compare the price per unit if you’re in a tough situation. You can see how much you save by purchasing the pack of 20 pencils versus the pack of 10 scented pencils (and yes, those do exist). Also, in the world of school supplies, simpler really can be better. For one, it’s much cheaper. And two, you can customize supplies if you really don’t want just a plain blue folder. Decorating your folders yourself sets you apart from the crowd AND it’s much cheaper than the colorful folders at the store.

One of the simplest ways to save money is to not spend money! Just re-use the supplies from previous years. Don’t think you have anything? Check everywhere (in your pencil box, old book bag, and yes even under and in the couch)! You might be surprised by how many pens you have laying around. And girls, check the bottoms of all of your purses, you may have more pens lurking there than you could imagine. The quickest place to check is in your backpack from last year (you should re-

Book Bags

Photo by: Thamizhpparithi Maari

use that too) and see what supplies you have that are still usable.

Be realistic about what you’re buying too. Keep track of what you’re purchasing and make sure you’re not buying excessive amounts of supplies. Notebooks, folders, and pencils can pile up if you’re not careful. And keep in mind, just because it’s cheap doesn’t mean you need to buy it. Only buy it if you actually need it. You probably have a school supply wish list, but are realistic too. Maybe if you save money on notebooks and pens, you can save up to buy that new tablet.

Do you have any tips to keep in mind when shopping for back to school?

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