More Students Turn To Personal Finance Websites

In an effort to cut debt related to their often substantial student loans, many recent college graduates have turned to the growing number of personal finance websites for help.

In addition, many more are turning away from credit cards and toward debit, cash and checks as their primary mode of payment.

"I wanted something with limited spending abilities," Kathleen Mansfield, a 24-year-old and recent graduate, told the Atlanta Journal Constitution. "If you have plastic in your wallet, you're going to spend it."

Mansfield pays for almost everything with debit cards, and in order to cut debts pays the balance on her lone store-brand credit card monthly to avoid increased debt, the news source says. She also regularly uses personal finance websites to help her better manage her finances.

Many former students are turning to these kinds of programs as a necessity to combat an uncertain job market, the Journal reports. By using these methods, students who are left bouncing between part-time jobs may be able to cut debt while making their necessary payments.