Tips to keep your credit card debt in control
As a student you need to worry about one thing — debt, especially credit card debt. Being in debt has become a way of life for a majority of Americans, and we begin young — you’re just out of high school and if you want to study any further, you need loans and have to begin thinking of repayment. And there are other expenses as well like tuition, food, rent, and other incidental expenses. Only a student knows how difficult it can be to make ends meet.
One thing that you will notice once you enter college is how credit card companies solicit you and make you take their cards. Reason? For one, young people don’t usually have a credit history. College credit cards are a good and often necessary option for many students, but you can easily fall into a debt trap if you are not careful. All it could take is a few beers extra or buying something that you really wanted. What can you do to keep your debt within limits? CNN.com reports:
Just say no to cash advances. A common trap that many students fall into is getting a cash advance from their credit card just so they don’t have to call Mom and Dad to ask for money.
Read more: Credit card tips for college kids
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August 9th, 2006 at 11:24 am
I hope your article will be a good guide for the students to use their credit cards properly and to control their debt. Students are the future of any nation. They should not grow a habit of expending much. They need to save themselves from the trap of alluring cash advances. Think carefully what you really need then spend money on it.