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 »

hip·ster1 [hip-ster] –noun Slang.

1. a particular breed of middle to upper class 20 some things that tend to inhabit surrounding neighborhoods of urban areas. The hipster generally has money, yet shuns conventional materialism. They try to appear starving, broken, and angry, yet have the comfort of living in $2000 lofts. Trust funds are a common commodity among hipsters.

The goal of the hipster is to look ironic.

The hipster handbook defines the hipster as “One who possesses tastes, social attitudes, and opinions deemed cool by the cool. (Note: it is no longer recommended that one use the term “cool”: a Hipster would instead say “deck.”)

The Hipster walks among the masses in daily life but is not a part of them and shuns or reduces to kitch anything held dear by the mainstream. A Hipster ideally possesses no more than 2% body fat.”

It becomes a difficult task to then differentiate between those who actually cannot eat, shower, or afford clothes. The hipster’s style aesthetic is influenced by the homeless. The hairstyles worn by the hipster is generally ragged, dirty, and has the appearance of a lack of care though often hours of care is put into the upkeep of said look.

In areas such as Williamsburg is generally safe to assume that anyone possessing this look is indeed a hipster.

Clutching their Ipods and sipping PBR, the hipster has taken over areas that were once affordable and turned them into a hipster oasis prompting stores such as Brooklyn Industries and American Apparel to move into these neighborhoods.

In main urban areas, like Manhattan, it becomes difficult to distinguish between “homeless” and “hipster.” Unkept hair, dirty clothes, a general disdain for life in general? Homeless or hipster? You decide!

Test your skills with these nifty photos so you don’t give spare change to someone with a trust fund. Play the game after the jump: Read More »