Priceline

priceline_100317777_sOne of my favorite travel sites is Priceline. Priceline is a website that helps users purchase hotels, airfare & rental cars at a discount price. Over the years I’ve saved a decent amount of money using this website.

When selecting a flight you have two options for booking. The first option is that you can see the flight times and choose from there. If you book this route you can choose your carrier and the exact times that you want to leave and return. Rental car bookings are basically the same way.

If you want to roll the dice you can use a feature on Priceline called Name Your Own Price (NYOP). The NYOP feature is pretty cool. You put in a bid for a flight or a rental car. If a company accepts that bid, you are billed for that price. I have saw bids that were 30 – 40% cheaper than the listed rates. I actually saved $54 on a flight from Atlanta – Chicago by naming my own price. The only thing with the NYOP deal is that you don’t know the carrier or flight times until after you have made your purchase. That could be a problem for some travelers if they have to be at their destination at a certain time. Using NYOP with rental cars, you don’t know the rental company until you bid as well.

When booking a hotel on Priceline you have the same two options that are mentioned above along with another one. The third option is called Express Deals. Express Deals give you a discount price. The name of the hotel is hidden until you book it. They do list the star rating and the amenities though . If you are trying to get a deal this is the way to go.

Have any of you used Priceline before? I would like to know if you scored a deal using NYOP.

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Completing the Fafsa

By now you probably know what the FAFSA application is. If you don’t, it is the Free Application for Federal Student Aid. It is pretty easy to complete. It should take no longer than an hour.

The first thing that you would do is go to www.fafsa.ed.gov to start the application. On the homepage you click on the button that says start a new FAFSA.  The next page will be the log-in page. There you will enter your name, social security number and date of birth. The next page has two options. You can either complete a FAFSA renewal or you can start a new FAFSA.

If you have completed a previous FAFSA you should click on the renewal link. If this is your first time completing a FAFSA click on the link that says start a new FAFSA.

After you click start a new FAFSA, you will see the introduction page. fafsa1 You will need to click next and input your demographic info on that page.

The next two pages will be concerning your student eligibility info. Two of the questions they will ask you are next. They will ask you what type of degree or certificate you will be working on. They will also ask if you’re interested in work study.

The school selection page comes up next. On this page you can select up to ten schools that you want to receive your FAFSA. The school selection summary page follows that one.  It shows you each school that you selected.

Next up is the dependency status page.  This page will ask you about family information. It will also let you know whether you’re a dependent or independent student. If you are a dependent student you will need to include your parent’s info on the FAFSA. If you are independent you will not.

The student tax info is next. This page will ask if you have completed your taxes. If you have filed you may be able to use the IRS data retrieval tool. The data retrieval tool lets you link your tax info to the FAFSA. It should work for most students.

The next two pages are about the student financial info. If the data retrieval works, the next few questions will already be filled with answers. If not you would need to get your tax return and input the correct figures. There is a box to the right that will have tips on how to complete it if you need help.

The next page is the sign & submit page.

The last page is the confirmation page.fafsa2  This page has the schools that your FAFSA was sent to list on it. It also has your eligibility information on there. A copy of the confirmation page is sent to your e-mail address. You can also print it as well.

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Private Loan Options

student-loan-applicationWhen students are offered an award letter, they are typically awarded financial aid for two semesters. Most students usually start college in August, meaning that they will have financial aid for the fall and spring semesters. What about summer you may ask? Some students save some of their financial aid for the summer semester. Others don’t think about saving for summer. They are too busy using financial aid money for other things. Once they realize they don’t have any funds for the summer they tend to freak out. They don’t need to do that. They still have options. A student can apply for a private loan. Below are a few private loan options.

Banks

Banks are a good choice to start with if you are in need of a private loan. In college I had a private loan with Wachovia (Wells Fargo). Their rates were not too bad and I was able to receive that money in ample time. Other banks that I would look into are Bank of America, Fifth-Third Bank and SunTrust.

Credit Unions

Credit Unions are another place to go when looking for a private loan. They typically have loan opportunities for students. Many require that you need to be a member, but for most Credit Unions attaining membership is an easy process. Some credit unions to look into would be Navy Federal, Delta Community and Alliant Credit Union

There are other companies that you can apply for a private loan with, such as Sallie Mae. Use them at your own risk. There is a good chance that you could be approved for the loan, but their terms and conditions could suck. Honestly if it is at all possible I would not use Sallie Mae unless it was for one or two semesters. They are notoriously known for screwing people over. They also don’t have the nicest customer service people at times. I have some student loans with them. If I had the chance to go back in time I would not have used this company at all. The interest rates are not the best. They also call you over 6 times a day if you are late on payments. I didn’t have the best job when I first graduated. Times were hard. If you’re only making enough money to pay either rent or student loans, I’m pretty sure you would make sure that the rent is paid.

As you see you do have options. When choosing a private loan provider, make sure that you do your homework. Choose the lender that is honest, has the best interest rate and best repayment plans.

 

College Information, Debt , , ,

Memorial Day Weekend

memorial-dayMemorial Day Weekend will be here shortly. It is one of my favorite holidays. Many people look at Memorial Day Weekend as the beginning of summer. I have traveled to Myrtle Beach & Miami several times for Memorial Day Weekend. Bike Week is celebrated in Myrtle Beach during that time. Urban Beach Week is going on during those dates in Miami. I’m not sure if I can handle those types of crowds anymore. Below are five places to take a getaway for Memorial Day Weekend.

Washington DC

Orlando, FL

San Francisco, CA

Boston, MA

Philadelphia, PA

 

Those are a few places where you can have a great time at during the holiday weekend. This year I’m not doing anything for the Memorial Day. I am saving every penny for the Ultimate Road Trip which is coming up soon.

For those who plan on going out of town, I would love to hear where you are going.

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5 Ways to Stay out of Debt!

The amount of debt that the US has is over 16 trillion dollars. That amount is ridiculously high. As I previously posted I have some debt that I am working on paying off. In September I will go into overdrive and show y’all my plan on eliminating it.

I have compiled 5 ways to help you stay out of debt.

#1 Create a budget

Creating a budget is very important. A budget is a spending plan that shows you where your money goes. If something is not in your budget don’t buy it.

#2 Pay bills on time

Paying your bills on time helps your credit score. If you pay your bills late you usually have to pay a late fee. Those late fees add up over time.

#3 Don’t spend money you don’t have

Sometimes people buy stuff even if they don’t have the money for it. Whether it’s using a credit card too much or allowing your checking account to become negative, don’t spend money you don’t have. I have made mistakes in the past by over spending. Having to pay your bank or credit union an overdraft fee is not fun.

#4 Forget about keeping up with the Joneses

This one is tied in to #3. I’m sure you have heard the phrase Keeping up with the Joneses. The phrase means that you are trying to match someone’s social status.  Don’t do it. The Joneses are usually broke. You don’t have to be like them.

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Image courtesy of Stuart Miles at FreeDigitalPhotos.net

#5 Avoid credit cards or loans that have high interest

When applying for a credit card or loan, you should make sure you choose one with a low interest rate. You should be able to pay off a loan or credit card with a low interest rate off sooner than later.

These 5 ways should help you stay away from debt. Just make sure that you pay attention to how you are spending your money.

 

 

Debt, Money , , , ,

Planning for College – Senior Year

This is part 2 of Planning for College. These are actions a high school senior take before they go off to college.

Image courtesy of stockimages at FreeDigitalPhotos.net

Image courtesy of stockimages at FreeDigitalPhotos.net

Successfully finish high school

  • Stay on course to complete all core classwork for graduation.
  • Request that your high school send your official transcript to your college.
  • Take a look at the college applications for admission. make sure that you understand each schools requirements.
  • If you haven’t done so yet, attend an open house at your college of interest.

Complete testing

If necessary, register for the fall ACT and SAT. Make sure you register one month in advance.

Make your decisions and apply to college

  • Make a calendar with all important deadlines for test, applications and scholarship paperwork.
  • Keep copies of everything you submit and make note of submission dates.
  • If you receive an admission packet, follow all directions for acceptance, orientation, and other requirements.

Continue building your resume

  • Keep a file of important documents and notes, including copies of report cards, test cores and lists of awards and honors.
  • Assume leadership roles in school and extra-curricular clubs, activities, and sports.
Image courtesy of stockimages at FreeDigitalPhotos.net

Image courtesy of stockimages at FreeDigitalPhotos.net

Research your financial opportunities

  • Attend open houses at your college of interest.
  • Apply for the FAFSA which is available after January 1st.
  • Makes sure you know the deadlines for financial aid paperwork.
  • Search and apply for external scholarships. Start here.

 

 

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Planning for College – Junior Year

Here are some things you should do if you are planning on going to college.  These things should be done during your junior year.

Image courtesy of Ambro at FreeDigitalPhotos.net

Image courtesy of Ambro at FreeDigitalPhotos.net

Research your opportunities

  • Make a list of what you want to study and do in college.
  • Explore major programs and possible careers.
  • Schedule campus tours and visits at colleges that you’re considering.
  • Go to open house events at schools you are considering.
  • Make a calendar with dates and deadlines for important tests, applications and paperwork.

Look ahead to finishing high school

  • Talk to your guidance counselor. Make sure that you are progressing towards graduation.
  • Register for all senior year courses that you need for graduation.

Start Testing

  • Take the PSAT in October. It’s required for you to be eligible for National Merit, National Achievement, or National Hispanic Scholarships
  • Take the ACT exam and/or the SAT. Make sure you register at least one month before you take the exam.
  • If you plan on taking AP courses,  register to take them in the spring.

Build your resume

  • Get involved with extracurricular activities, volunteer projects and sports that you enjoy.
  • Create a portfolio of your best papers, reports, and projects. Highlight your special skills and interests.
  • Get a summer job or internship.

Explore your financial options

  • Attend open house and financial aid workshops at your colleges of interest.
  • Research financial aid programs and available scholarships.
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