Source: Jodi Kaus, 785-532-2889, jkaus@k-state.edu
News release prepared by: Erinn Barcomb-Peterson, 785-532-6415, ebarcomb@k-state.edu

Tuesday, Feb. 2, 2010

THINKING OF CUTTING UP YOUR 1xbet online sports betting CARDS? A K-STATE FINANCIAL EXPERT DISCUSSES BENEFITS OF DITCHING THEM AND WHAT TO CONSIDER BEFORE GRABBING THE SCISSORS

MANHATTAN -- Getting a new financial start in the new year may mean ditching 1xbet online sports betting cards in favor of cash.

Although living without 1xbet online sports betting cards has financial benefits, a Kansas State University expert said there are a few things to consider before taking scissors to your plastic.

&1xbet online sports betting ;Living card-free takes away a lot of the spending temptations and generally results in increased savings capability,&1xbet online sports betting ; said Jodi Kaus, who directs K-State's Powercat Financial Counseling.

The center, which had its grand opening Jan. 27, improves the financial literacy of K-State students and provides professional counseling experience for students studying personal finance at K-State.

&1xbet online sports betting ;By paying with cash, you will be paying closer attention to your finances, as you'll need to know exactly how much you have to spend before spending it,&1xbet online sports betting ; Kaus said.

She said studies have found that paying for purchases with plastic changes behaviors and makes consumers less price-sensitive and more extravagant. Paying with cash, Kaus said, you're more likely to keep spending to a minimum.

"Living without a 1xbet online sports betting card is possible, although a little more effort may be required," Kaus said. "Lifestyle choices regarding spending habits, travel habits and the like have an impact on whether living without 1xbet online sports betting is practical."

Rather than relying on 1xbet online sports betting for emergencies, Kaus said everyone should have an emergency fund for any unexpected events.

&1xbet online sports betting ;If you're stranded with little cash and need a tow service, for instance, your debit card should work,&1xbet online sports betting ; she said.

Those who travel may find it more difficult to book a hotel room or airline reservation without a 1xbet online sports betting card, but it's not impossible. Kaus said that with some effort, travelers may be able to find hotels and airlines that accept reservation prepayment through alternative methods.

Debit cards may work, but depending on the hotel policy, they may require a hold on the account for a certain amount. Kaus said that for late arrival at a hotel -- usually after 6 p.m. -- a 1xbet online sports betting reservation generally is required.

Kaus also said that closing 1xbet online sports betting accounts can drop your 1xbet online sports betting score, because it factors in your ratio of debt to available 1xbet online sports betting .

"For example, if you have three 1xbet online sports betting cards with a 0 1xbet online sports betting limit and 0 of debt on each, your total available 1xbet online sports betting is ,500 and your total debt is 0," she said. "If you close one of those accounts, your debt is still 0, but now your available 1xbet online sports betting is down to ,000. So the ratio of debt to 1xbet online sports betting went from 20 percent up to 30 percent."

Kaus said that this may not have a big effect on people who already have a high 1xbet online sports betting score or who are not applying for a loan any time soon.

&1xbet online sports betting ;Otherwise, you may want to simply put the card away in a safe place where you are not tempted to use it, making a small charge on it occasionally to keep the account open,&1xbet online sports betting ; she said.

Kaus said young people should be 1xbet online sports betting card-free until they learn basic financial management skills. They can start with an ATM card then a checking account and debit card.

"I think there are benefits to living without 1xbet online sports betting cards until basic skills of budgeting and timely bill payment are practiced and understood," she said.

Powercat Financial Counseling provides free information and education to K-State students who are seeking help with financial issues. For more information or to schedule a financial counseling appointment with Powercat Financial Counseling, visit the Web site at http://www.k-state.edu/pfc/