Consolidate your debts
May 24, 2009 5:58 pm BusinessToday many college students are graduating without being certain of where they will land their first job. With our economy so shaky, many students will leave college with huge amounts of debt on student loans to credit cards, etc. Unfortunately, the jobs that are available will not afford them graciously to simply keep paying the minimum amount due each month. That is not helping to get out of debt, but it allows one to maintain debt. If we want to help our kids, we must show them how to best handle their financial responsibilities. Meaning, get out of debt as soon as possible. Many times this is accomplished by evaluating your debt to income ratio and making some changes like debt consolidation.