News

Quick Tips from Mellody Hobson

ByGood Morning America

April 15, 2010, 8:04 PM

 -- "GMA" financial contributor Mellody Hobson says there are three easy ways for college kids to save big and ensure a bright financial future (CLICK HERE to watch):

1. Make sure you have only one credit card.

2. Pick a bank with low fees.

3. Avoid the campus book store, and buy your text books online.

CLICK HERE for more of Mellody's money advice for college students.

Get a Good Deal on a New Car

If you really want to get a good deal on a new car, Hobson says you need to:

CLICK HERE for Mellody's advice on avoiding car loan debt.

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If you really want to get a good deal on a new car, Hobson says you need to:

Research the car: target the car that's right for you and make sure to research any incentives that might be in place. It will put you in a better negotiating position.

Get your free credit card report: Request copies from each of the three credit bureaus to make sure it's correct and doesn't lead to a higher interest rate.

Ask about early termination. What happens if you turn the car in early? Sometimes those costs can be quite high.

CLICK HERE for Mellody's advice on avoiding car loan debt.

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