Can you check my grammar on this essay also?
College students are faced with very important decisions throughout their college careers. There are constantly letters in the mail from credit card companies urging them to obtain credit today for a “better” tomorrow. Credit card companies target college students because they typically spend a lot, whether its supplies needed for college or other luxuries. Whether one is pursuing studies in veterinary sciences, business, or liberal arts, all students have one thing in common; we must learn how to manage our money in a financially responsible way. This can be done by keeping a personal budget; a simple task, yet the results of budgeting can have a great effect on our future. Credit cards may seem like a smart choice, but they can actually cost more than you think! Sometimes students may get carried away with buying, but that situation is easily avoidable with self-control. Avoiding debt while in college can result in a better financial future.
Keeping a budget can benefit you in many ways. Budgets show where money is being earned and where it is being spent. This makes it easier to see which areas need improvement. To make a simple budget for one month’s time period, start by first writing down how much is spent in the entire month and where it is spent. Next, find out exactly how much money is earned within a month. Subtract the expenditures from the earnings and if the remainder is a positive number, positive cash-flow is presented. Having positive cash-flow means that “extra” money is left over due to less spending and more earnings. Less spending is what must be done if a negative number remains. Not only does keeping a budget help avoid debt, but it also assists in creating wealth by managing savings for retirement. A simple budget plan of a month is just a small example, yet it is the first step to proper money management. If a budget is planned ten to sixty years into the future, it can be used as a unique tool for creating a very wealthy retirement or even a young retirement. Budgeting is also a good thing just in case emergencies happen, like a flat tire or an unexpected bill at the end of the month (“Business Week Online”). Unexpected emergencies are typically paid on credit these days, but what people should understand is that they may actually be paying more money by using a credit card.
Credit cards can be more of a hassle than you think. There are over 1 billion cards in circulation today. The typical American carries a $ 5,800 balance on his/her credit card each month, paying 18.3% interest. This calculates to $ 929.70 a year in interest alone, which is more profit for the credit card companies, and more money out of people’s pockets (“Business Week Online”). Credit Card Company’s often hook a consumer by offering little or no interest rate; a “teaser rate”. What most consumers do not see in the fine print of a credit card contract is that these little or 0% interest rates change to a higher rate usually within the following year. Other charges made by credit card companies usually are not discovered until a bill arrives. These hidden charges can include application and processing fees, late payment fees, transaction fees and over the limit fees (“The hidden costs of credit cards”). The problem with credit cards is that it can be very easy to forget where and how much is being spent. It would be wise to keep track of all expenditures by holding receipts and planning them into a budget to avoid any unexpected charges at the end of the month. But most of all, when purchasing anything, credit or cash, we must avoid impulse purchases.
Have you ever gone into a store to buy a single product? You find the item you came in to buy and walk towards the register, but can’t help to notice the other things in the isle you “needed” also. You walked in the store for one thing and left with much more than intended; this is exactly what we must control. Learn to differentiate between wants and needs, no matter how difficult it may be. To avoid this in a simple manner, write down precisely what will be bought before shopping, and estimate how much it will cost. Only bring the estimated amount of cash and avoid bringing a credit card for “just in case” purposes because that “just in case” just might cost you.
Ultimately, budgeting finances can create a very wealthy, debt-free way of living. Think twice before swiping or signing up for a credit card; it can and most likely will cost more in the long run. Continue working on self control and budgeting in a financially responsible manner for the next few years and you will enjoy the many benefits self control and budgeting bring to your life.
thats why the question asks about grammar. Word doesn’t do this too well, and I’m not the best at grammar. So I’m hoping for someone that IS good at it will take the time to point out my common grammar errors, even if its brief. Just enough to show me what I do wrong. Peer Editing rocks my socks.
Tula..I just went through my essay and what you corrected, and didn’t see a thing changed.