Facebook Study Shows We Hate Credit Cards
WTF is Going on? | 

Facebook Study Shows We Hate Credit Cards

I fucking love my credit card, back off my ish FB.

We've always argued with those who say millennials are the worst generation yet. And now, we have some research to back that ish up. Millennials may be more financially responsible than everyone thinks, according to a recent white paper from Facebook.

Among the statistics uncovered? 86 percent of millennials say they save money; and 37 percent have a financial plan.

This demo defines financial success as being debt-free (46 percent), owning a home (21 percent), buying experiences (16 percent), being able to retire (13 percent), and being able to buy nice things (4 percent).

Millennials are also redefining how they approach finances: 49 percent say they use mobile banking so they can better track their spending habits; 45 percent are open to switching banks, credit card companies or brokerage accounts; and just 8 percent say they trust financial institutions for financial guidance. The study also found that 53 percent of millennials say they have no one they trust for financial guidance.

Facebook used its audience data from users age 21-34 for the study, that's about 70 million people, give or take.

Here are some infographics breaking down the study results:

We're millennials right? We love a good shortcut. Tap here for a quick breakdown of the study.

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WTF is Going on? |  Source: smh.com

Instagram as You Know It Has Changed Forever

Zuckerberg is savage af.

Snapchat and Instagram are two of the most downloaded apps ever. Snapchat is mainly used for posting pictures that disappear after 24 hours, and Instagram is used to post pictures that will last forever. Until now.

Instagram just rolled out a major change. My app just updated, and here's what happened: Instagram now lets you post stories that delete after 24 hours. Excuse me while I pick my jaw up off the floor.

According to Instagram's blog, Instagram Stories are "a new feature that lets you share all the moments of your day, not just the ones you want to keep on your profile."

Basically, Instagram lets you do what you did on Snapchat, but on Instagram. Wut.

Facebook, who acquired Instagram in 2012, also recently added a new feature, Facebook Live, which is similar to Snapchat and Instagram stories. Essentially, Facebook Live allows your friends to watch you recording yourself live. Cool, yet terrifying.

Keep in mind that Facebook offered $3 billion to Snapchat to take them over, but Snapchat denied the offer. And now, Instagram has launched their version of Snapchat stories. This is like the Taylor Swift/Kimye drama, only better and without the bitchy gossip.

Similar to Snapchat, the only "stories" you'll see are from people you follow. When someone has a new post to share in their story, a colored ring will appear around their picture at the top of your feed, as seen below.

Basically, the whole thing is exactly like Snapchat. You can see who viewed your story, you can add text/emojis to pictures or video, and you tap the screen to go to the next story. They even have different filters/text options.

And with probably the best feature, you can actually chose who can view your story or who you can hide it from. All you have to do is click on the dots, click settings, and hide your story from all the people who don't need to know your business.

Now I don't know about you, but this is a major game changer.

Is Instagram trying to defeat Snapchat once and for all? Maybe. And if your Instagram doesn't have this new feature yet, don't worry. Instagram will be rolling out this feature to all Apple and Android users over the next few weeks.

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WTF is Going on? |  Source: creditlawcenter.com

What to Look For in Credit Cards as a College Student

You don't want to be hit with a ton of fees you don't know about.

College is where you should have your first skirmishes with your ultimate friend or foe: The credit card. Now, hopefully you've done some research and have a basic understanding of what credit cards are, what they entail and how to use them. If you haven't, read here, here and here.

Now that you know about credit cards, it's time to choose one. This can be a daunting task and here are the most important things I look for in credit cards before making the jump.

Foreign Transaction Fees
I like to think of myself as quite the traveller. I love moving around the globe. To pay for stuff abroad I need a credit card and so when I look for a credit card, the first thing I look at is foreign transaction fees. Of course, the best option is 0 percent. When that isn't the case though, fees of up to 5 percent are reasonable. Anything more is a rip off.

Sign-Up Bonus
These usually come in the form of points which can be translated into $$$. Credit card companies usually give offers when you sign up that offer you a certain amount of points when you spend a certain amount of money in a certain amount of time. Yes, I CERTAINLY believe in the power of three in case you were wondering. My jokes are lame.

Annual Fees
One of the most annoying things about credit cards. For the pleasure of having credit cards, you have to pay an annual fee. As a rule of thumb I automatically rule out credit cards that require annual fees UNLESS they have mad offers that I can't say no to. I've noticed a correlation between high annual fees and high sign-up bonuses. So keep an eye on both.

Credit Score Required
This almost goes without saying, which is why I've left it so late. As a college student with minimal credit history, it wouldn't make sense to apply for a credit card that requires a FICO score of 750. Aiming for credit cards which require ratings of "fair" and below is usually a good base to start from with college students.

Annual Percentage Rate (APR)
I've left this last because it's the most obvious, yet also the most important. All other attributes must bow down to the APR. If the APR is WACK, give the credit card BACK. I told you I wasn't funny. APR rates that are 22 percent and over simply aren't worth it, no matter what features they offer.

Striking a balancing act between what you find essential to credit cards, and what you're willing to compromise on is the key to finding a credit card that's right for you.

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WTF is Going on? |  Source: _eliseyy

A Girl's Guide to Saving and Splurging the Right Way

Must... not... swipe... card...

Buying new shit feels really good. Looking at a pair of new jeans in my closet or a new highlighter in my makeup drawer gives me some kind of sick satisfaction. Unfortunately, my bank account doesn't always agree with my obsessive behaviors.

Some things are definite needs, while some most are just wants. Being in college means having to decide. If you struggle with this concept like I do, here's a short list of things you should save on and things you could probably swing without ruining your life.

Shoes: SAVE
Most shoes are a save item. Yes, those Free People gladiator sandals are amazing and everything you've ever dreamed of, but what are you going to do with them after gladiators die the inevitable trendy death? Shoes you should splurge on include anything black (kidding, but am I?), a good pair of heels, a good pair of boots, a good pair of sandals and a good pair of sneakers. Find the mules and other trend based shoes somewhere like DSW or Forever 21.

Bags: SPLURGE
A good bag (maybe two) is all you'll ever need. If you have one nice bag you have a staple. A black or whiskey color is a good go-to for every day. The shape of the bag depends on you as a person. Do you carry a lot of shit with you, or are you a super minimalist? Do you like carrying your purse in the crook of your arm or do you prefer a backpack? Once you narrow it down, don't be afraid to spend a little extra. If you carry it everyday and bring it everywhere, you can consider it a personal investment.

Jeans: SPLURGE
If you were going to splurge on anything, it should be a pair of jeans/jean shorts. Jeans are a pivotal item in your wardrobe; they go with any top in your closet and you will probably wear them more than once a week. The good news is you can get a great pair of jeans for around $100, which is pretty damn affordable for a splurge item. The best feeling is finding a pair of denim that fits you just right.

Jewelry: SAVE
Jewelry is one of those things that goes in and out of style so often. I even have my doubts about cartier bracelets. I would wait for jewelry to be gifted to you because spending a couple hundred on earrings for yourself is a bit risky. There are so many great affordable jewelry brands that make great pieces. A lot of stuff on Etsy is legit af. I would check them out before breaking the bank on a David Yurman ring.

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WTF is Going on? | 

I'm Not Drunk Enough For This Shit, Ep. 7 (Video)

Who needs an Uber when you have an ambulance?

On this week's episode: Two Rochester University students survive a kidnapping and have the best bar story to tell; Facebook is making it rain (literally tittay bar style); Ryan Gosling is nothing but a giggle machine; and UCLA frat SAE finally does something to contribute to society.

And Karla unveils the truth about number twos. DUN DUN DUN.

Directed by Amber Genuske
Shot by David Estrada
Edited by Taylor HendersonScripted & Hosted by Karla Macias
Motion Graphics by Michael Leng
Post Written by Karla Macias
With help from The Daily Pnut

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WTF is Going on? |  Source: thezebra.com

Bad Debt vs Good Debt: What's The Deal?

Paying for a vacation on credit is NOT a good idea.

When I was young, dumb and full of life I always used to think debt was evil. I used to think once you get into debt that's it, your life is over. Well, after doing some growing up--and research--it turns out not all debt is bad. It all depends on what you do with it. Here are some not so smart ways to get into debt.

Bad Debt:

Credit Card Debt

Let's start with the obvious. Credit card debt is bad. Bad with a capital B. You don't stand to gain anything by racking up huge credit card debts. Well, actually you do, it's called interest. Huge debts on your credit card bill also stand to ruin your credit score.

Auto loans

Getting into debt because of a car should be a last resort. If you can't keep up with loan payments, you're in trouble. You won't get the original value if you attempt to sell and interest payments will still have to be made. So you'll be making payments without even having the car anymore!

Luxuries (clothes, vacations, etc.)

Taking out a loan to pay for clothes or a holiday is financial suicide. If you can't afford it, then don't buy it! If you're taking out a loan to buy a $100 jacket, think about the interest you'd have to pay. In the end that jacket could cost $130-$140.

Now that we've got the bad out the way, here is some good debt ideas for ya.

Good Debt:

Student Loan Debt

Student loan debt is quite alright. Aside from the large amounts you have to borrow to pay for college if you don't have a scholarship, student loan debt can be some of the best debt around.

According to the U.S Labor Department, college grads earn $1 million more than high school grads over a lifetime. Student loans also have relatively low interest rates and they're tax deductible.

Mortgage Debt

Just like student loans, mortgage debts are great because they have low interest rates and they're tax deductible. Mortgages allow you to buy a house which lets you keep more cash in your wallet. Just keep up with the monthly repayments and you'll be fine. After a few decades, you'll have the house to yourself.

Investing

This is probably the most difficult of all good debt. Largely because what's done with the money is up to you. You could take out the loan to invest in your own business. You could take out the loan to invest in someone else's business. Either way, you need to know your stuff before doing it. If you don't, you could be sitting on HUGE losses plus annoying interest payments on the original loan too.

If it won't go up in value or create income, it's not worth going into debt over. Going into debt to pay for your spring break vacation, new Balmain jeans or fresh Yeezys is not a good idea.