"Advise your college freshman not to fill out any application impulsively, and without understanding the fine print. If you don't want your college student to have a credit card just yet, put your foot down. Remind him that if he does anyway, you will not bail him out if he gets into debt."If your teenager is adamant about getting a credit card, have him get one before he goes to college. Stop by the local bank and ask for a no-fee, low-limit card that will prevent him from overspending. Source: The Porterville Recorder
Read Money and Teens: Fiscal Responsibility for more information.
Labels: money, college, students
Posted By: Aspen Education Group