Picture this: You’re thirty-five, and still paying for your Sophomore Spring Break to Cabo. It sounds crazy, but it’s a reality for many cash-strapped graduates who maxed out their cards during their college years. Most college students boast a wallet full of plastic, and will spend years paying off the balances.

College cards are often a necessity (ranking right up there with tequila shots and coffee) during your four years, unless you have a big fat trust fund or a wealthy eccentric uncle. A multitude of costly expenses fall outside your tuition bill. Some are necessary, like food, books and transportation, while others are luxuries, like clothes, alcohol, trips and concerts. Here are some tips to avoid the debt trap that so many students fall into.

Compare offers
Be as choosy with what you put in your wallet as you are about which boys you let sleep in your bed (Editor’s Note: When alcohol isn’t involved). There are tons of credit card offers out there - don’t just take the first one you stumble upon.

Do your research: check out the finance charge, annual fee, cash advance fees and late payment fees. The finance charge can be as high as 25 percent on the unpaid part of your bill, and the annual fee can suck up a hundred bucks each year. For cash advances, most cards charge a scary amount and high interest. Read the fine print, and look at what a late payment can do to your rate (hint: just one late payment increases your interest rate). Try sites like credit.com or bankrate.com) to compare cards and score the best deal.

Screw the free-t-shirt
Forget the free-t-shirt/ water bottle/ random-crappy-thing-that-you’ll-never-use-again. Don’t apply just to score free gear. With every application, an inquiry is made into your credit history. This can pull down your credit quicker than a drunken frat guy drops his pants (or yours). Push through the crowd of over-eager credit card pushers - its okay to say no. Read More »

Happiness is on the rise! At least, those are the findings of a super-scientific research study released this week. The World Values Survey has been tracking happiness for 17 years in 52 countries and involving 350,000 people. The positive results are attributed to “societal shifts in recent decades: Low-income countries such as India and China have experienced unprecedented rates of economic growth; dozens of medium-income countries have democratized; and there has been a sharp rise of gender equality and tolerance of ethnic minorities and gays and lesbians in developed societies.”

The results surprised scientists, who had previously believed that happiness was stable when looking at societies over time. Bucking the conventional knowledge, happiness levels in forty countries “rose substantially.”

Denmark is the happiest nation, Zimbabwe the least, and the US was rated as the 16th happiest country. A similar survey released last week determined one reason America isn’t ranking higher on the list: Baby Boomers are generally miserable compared to other generations. Read More »