Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.

When everyone zigs, zag. Life is all about trying to get somewhere first.

A financial plan is a way to take all of the money advice you come across and figure out how it applies to your specific financial situation.

Before you take the leap, before you jump, really make sure it's going to be something you want to get out of bed [to do] everyday, because it is so hard. So you want to make sure that you're really committed.

Get up, dress up, and show up.

Without any formal personal finance instruction in our high school or college curricula, many college seniors who graduate in the red will continue to make common financial mistakes that only exacerbate their debt burdens.

Even if you feel like your debt is just never going to go away, think long and hard before declaring bankruptcy. Declaring bankruptcy means that getting a loan for anything will be next to impossible for the next 10 years.