May 30

American Consumer Credit Counseling Celebrates 529 Day by Offering Five Useful Tips on How to Save for College

Posted in Credit Cards


Boston, MA (PRWEB) May 28, 2015

With the cost of college and the average amount of student loans skyrocketing, national financial education nonprofit American Consumer Credit Counseling is celebrating 529 College Savings Day on May 29th by sharing useful tips that will help students make money-savvy decisions and save for school.

Personal finance can be a tough subject for college kids and parents, but it is one that needs more attention. Today young adults are graduating college with more student loan debt than ever. According to a report released by the Federal Reserve Bank of New York in February, student loan debt has climbed to $ 1.16 trillion. The average American college student is now graduating with $ 33,000 in debt, and 52 percent of parents feel it is more important to save for their kids’ college education than their own retirement, according to a recent T. Rowe Price survey.

“As a nation, we are not saving enough for our children’s college tuition,” said Steve Trumble, President and CEO of American Consumer Credit Counseling. “While college is incredibly important for the futures of so many young Americans, figuring out how to pay for it is one of the most difficult challenges facing millions of students and their families.”

A 529 plan is one option for families to save for college. A 529 plan is an investment plan operated by a state or educational institution, with tax advantages and other incentives to make it easier to save for college for a designated beneficiary, such as a child or grandchild. Operating similar to IRA and 401(k) plans, 529 college savings plans allow parents to save for a child’s education tax-free through an array of investment options. There are two types of 529 plans: prepaid tuition plans and savings plans. The plans are named after Section 529 of the Internal Revenue Code and are administered by state agencies and organizations.

In addition to a 529 savings plan, American Consumer Credit Counseling has put together these five tips that will help students and their families save for college and manage expenses during school:

1.    Learn to Budget Now – Developing a realistic and manageable budget is a valuable lifelong skill that is essential for anyone in college, preparing to go to college, or just graduating. Start by using a budgeting worksheet for students to get an accurate picture of your income and expenses. By comparing and contrasting your total income and expenses, you will be able to create a feasible budget plan. By sticking to your budget, you will avoid going into any unnecessary credit card debt.

2.    Beware of Credit Card Debt- Credit card companies target college students because they have little experience managing their money. If you sign up for a credit card, don’t get carried away. Get your payment in by the due date or you’ll be slapped with late fees and create additional debt for yourself.

3.    Work – Consider a part-time job, tutoring, paid internships, and work-study programs to earn and save money while in school. If you’re looking to get an apartment after graduation, make your student loan payments, or relocate for a job, saving for your future will help you in the long run.

4.    Use your Student ID for Discounts – Not only will you need it to enter your dorm, the dining hall, and the library, but your student ID can also earn you discounts at hundreds of retailers nationwide. If you are not sure if a company offers a student discount, just ask. Check out the College Financial Workbook for a full list of discounts.

5.    Be Aware of Your Financial Situation – Too many students graduate from college without any idea of how much they’ll have in student loans, or how much to expect to make at their first job. Make sure you know how much school costs per year, what your parents are covering, what you’ll be expected to cover, and budget for rent and living expenses accordingly.

ACCC is a 501(c)3 organization, that provides free credit counseling, bankruptcy counseling, and housing counseling to consumers nationwide in need of financial literacy education and money management. For more information, contact ACCC:


    For credit counseling call 800-769-3571
    For bankruptcy counseling. call 866-826-6924
    For housing counseling, call 866-826-7180
    Or visit us online at ConsumerCredit.com

About American Consumer Credit Counseling

American Consumer Credit Counseling (ACCC) is a nonprofit credit counseling 501(c)(3) organization dedicated to empowering consumers to achieve financial management and debt relief through education, credit counseling, and debt management solutions. In order to help consumers reach their goal of debt relief, ACCC provides a range of free consumer personal finance resources on a variety of topics including budgeting, credit and debt management, student loans, youth and money, homeownership, identity theft, senior living and retirement. Consumers can use ACCC’s worksheets, videos, calculators, and blog articles to make the best possible decisions regarding their financial future. ACCC holds an A+ rating with the Better Business Bureau and is a member of the Association of Independent Consumer Credit Counseling Agencies. For more information or to access free financial education resources, log on to ConsumerCredit.com or visit TalkingCentsBlog.com.







Mar 24

Best Rewards Credit Card Video Review and Top Rewards Cards Tips

Posted in Credit Cards

From Caribbean cruises to cash back on purchases, rewards credit cards convert the simple charge card into benefits you want.rn.

comments: 7 » tags: , , , , , , ,
Feb 22

Tibet Travel Agency TCTS Shares The Latest Tips For Traveling in Tibet During 2015

Posted in Credit Cards

Lhasa, Tibet (PRWEB) February 20, 2015

Traveling in Tibet is one of the world’s best ways to discover adventure and enjoy unique cultural experiences. Many travelers agree that special trips require special preparation, particularly when visiting Tibet. Tony Yang of Tibet Ctrip Travel Service-TCTS (http://www.tibetctrip.com) has been operating in Tibet for over ten years and shares advice with groups making the trip in 2015.


    While travel agencies such as TCTS will take care of the legwork in obtaining travel permits, it’s the responsibility of travelers to make sure the information they provide is accurate and matches what’s on their passport and Chinese visa. This includes submitting information on time and making sure all group members’ passports are valid for 6 months after entry.

    The change in altitude can be drastic for some travelers; Lhasa sits at 3,650 meters (11,975 feet) so don’t be surprised to notice it right at the beginning of the Tibet tour. Make sure to stay well hydrated and get plenty of rest for the first couple days.

    Most ATMs in Lhasa accept foreign cards and some banks can process cash advances from credit cards. Outside of this expect to use cash for ALL transactions. Withdraw cash before leaving the Lhasa area to avoid complications.

As with any adventure, adequate preparation is key to getting the most out of traveling in Tibet. Pack for a variety of weather conditions and be prepared to feel the change in altitude for the first few days. Also, be sure to remind travel companions to alert their banks to foreign ATM withdrawals in advance of the tour. With this advice in mind, travel groups will be ready to hit the ground running upon arrival in Tibet!







Find More Credit Cards Press Releases