Many recent college graduates average 10 credit cards, charging everything from beer to books to pizzas. Before they realize it, they have a hard time making the minimum payment. Besides credit cards, many graduates have student loans that must start being repaid after graduation. According to the 1997 Nellie Mae Foundation survey, approximately 12 percent of a recent college graduate's monthly income goes toward paying student loans. If you're having difficulty paying your loans, contact the loan agency immediately.
Most providers are willing to work out payment schedules that are beneficial to both parties.
Some loan providers reduce the percentage rate if your payments are taken from direct deposits. If you can't pay cash, then you can't buy it. Have one credit card for personal emergencies only and another for work expenses. Don't use them unless you absolutely need to. Also, build up an emergencies-only savings account.