Originally Posted by
CRNA
I am a full time college student and I make roughly over 10k/year while attending school. I am new to chruning/MS and I don't want to be shut down. I have a USbank Flexperks AMEX card. When applying for this card they asked for my household income (Me + one parent) and reported ~55k.
How much is too much? I don't want to be flagged. If I spend 2k/month or 24k/year is that suspuscious? What about double that?
Doesn't mean you should....
If you are really making $11K per year as a student why would you risk your financial security and future by trying to MS now?
If you MS 1-2K per month what happens if funds get frozen or delayed and you are stuck floating for two or three months (not uncommon). Do you have enough in savings to cover your float for those 2-3 months without having to pay interest on the MS charges plus whatever living expenses you have during that same time period? If you don't and you have to pay interest on your MS charges while getting the situation fixed you very quickly eliminate any gains you might have hoped to make by MS in the first place.
While this seems like a lucrative 'game' that anyone can play, you really need to consider the possible negative outcomes. One lost deposit or frozen account could send you into a financial spiral that could effect your financial life for years to come.