ECON 201 Lecture Notes - Lecture 39: Social Security Number

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Stay away from great deals that really aren"t that great. However, that sucker is often someone who is just beginning to learn about how to manage their money. These are big deals and scams you should avoid that happen every day: Telemarketers of every kind: don"t purchase something from a solicitor. If you"ve ever done this, you"ll find you don"t have any money left in your bank a few days after the fact. Paying fees in advance for getting loans or credit cards: no matter how bad your credit is, don"t do this. Miracle products: these are things like: pills that guarantee you"ll lose 15 lbs in a week, sprays that make you grow more hair if you"re balding, knives that cut through a 400-page book. If something sounds too good to be true, it probably is. Make sure the luxuries you afford yourself are truly important to you.

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