I think it depends on the person. For example, if the student is already responsible with money, a credit card would probably be fine since they would not over-spend and would pay it off every month. But some people can't handle it. So maybe with a low limit and education on how a credit card works and how much one ends up paying in interest if only making minimum payments.
I think they should have a low limit card that they should be expected to pay off each month. That way, they can learn to manage credit in a positive way.
There are many different tips available with regard to saving money on your car insurance. Before you sign up with an insurance company, you should make sure they offer any discounts you are interested in so you can be sure to get the best deal possible on your car insurance. Other tips like this are written in this article. If you are interested in saving money on your car insurance, then please read on. http://cheap-car-insurance-free-quote.com/very-cheap-auto-insurance/
I definitely agree with the battery one! I've tried off-brand batteries and the drive me crazy! They always run out of juice way to soon compared to Duracell or Energizer.
I have 2 college freshmen this year, and neither has a credit card. I set them both up with checking accounts (debit cards) and they have online access to manage those accounts (I can see them as well). They have the responsibility of making sure that there are enough funds in their accounts to cover any expenses, but I'm the safety net if they don't. So far, so good - they're responsible guys, and were raised to be careful with their funds. To answer the question, I think that whether a college student should have a credit card completely depends on the student, and on the situation. If the kids is responsible or is very far from home, then it might be a good idea. If he's not so responsible, or there isn't a need for one, probably not.
A great frugal skill....learn to give.
Simplely give extra produce from your garden, watch a friend's child so they can have a Date Night out, take a small meal or baked goods to someone sick or sad, etc.... Pepole who "get it" will share with you, be it loaning out their tools, home repair etc..that can REALY save you big $$$. If they don't "get it"...you are teaching them how to share & have done a good deed. When i give alot, i find myself happier in life..not needing to spend extra $$$. This one thing alone keeps my savings healthy!!!
I think college kids can get a low-limit credit card in order to build up their credit score. They should understand that it is for emergencies only and use it responsibly.
Monica, I spent the last 3 years in Tucson and just used a mixture of cornstarch and baking soda (more cornstarch than baking soda because it scratched my skin too much). I did just fine, even with my 15 minute bike rides (each way) to work all year round.
My only complaint was that it left powder under my arms on dark clothing but it was easy to wipe off with a cloth and doesn't stain. Of course when I went for a run I did get a little smelly but I didn't mind because, well, I was exercising. :)
My concern about using coconut oil is it staining clothes. That's the only reason I haven't tried a recipe like this.
I just moved to SC so I'll get to test the deodorant in intense humidity as well!
I think college students should be strongly cautioned against having and using credit cards. I was able to use a credit card resposibly in college (paid in full every month), but my sister graduated with thousands of dollars of credit card debt. I don't think that these outcomes would have been difficult to predict based on our prior financial behaviors, however.
In my household, the answer is a big NO! My daughter is terrible with money. She spends as fast as she makes. I bought the meal plan so she doesn't go hungry. There's also some school 'money' attached to the card for shampoo, etc. She can't spend it at the liquer store.
I think it depends on the person. For example, if the student is already responsible with money, a credit card would probably be fine since they would not over-spend and would pay it off every month. But some people can't handle it. So maybe with a low limit and education on how a credit card works and how much one ends up paying in interest if only making minimum payments.
I think they should have a low limit card that they should be expected to pay off each month. That way, they can learn to manage credit in a positive way.
There are many different tips available with regard to saving money on your car insurance. Before you sign up with an insurance company, you should make sure they offer any discounts you are interested in so you can be sure to get the best deal possible on your car insurance. Other tips like this are written in this article. If you are interested in saving money on your car insurance, then please read on.
http://cheap-car-insurance-free-quote.com/very-cheap-auto-insurance/
I definitely agree with the battery one! I've tried off-brand batteries and the drive me crazy! They always run out of juice way to soon compared to Duracell or Energizer.
I have 2 college freshmen this year, and neither has a credit card. I set them both up with checking accounts (debit cards) and they have online access to manage those accounts (I can see them as well). They have the responsibility of making sure that there are enough funds in their accounts to cover any expenses, but I'm the safety net if they don't. So far, so good - they're responsible guys, and were raised to be careful with their funds. To answer the question, I think that whether a college student should have a credit card completely depends on the student, and on the situation. If the kids is responsible or is very far from home, then it might be a good idea. If he's not so responsible, or there isn't a need for one, probably not.
I like you on Facebook!
A great frugal skill....learn to give.
Simplely give extra produce from your garden, watch a friend's child so they can have a Date Night out, take a small meal or baked goods to someone sick or sad, etc.... Pepole who "get it" will share with you, be it loaning out their tools, home repair etc..that can REALY save you big $$$. If they don't "get it"...you are teaching them how to share & have done a good deed. When i give alot, i find myself happier in life..not needing to spend extra $$$. This one thing alone keeps my savings healthy!!!
I think a pre-paid card is in order if only to learn how to budget, but no credit cards/
I think college kids can get a low-limit credit card in order to build up their credit score. They should understand that it is for emergencies only and use it responsibly.
Liked and commented on Facebook! ;)
jerkius@gmail.com is a spammer. Don't use your real email address.
absolutely. teaches them responsibility. if they spend too much--let them fail. do not bail them out.
I made these with dried figs and pecans and left out the Splenda. They didn't need any additional sweetening. Delish! Thanks!
Monica, I spent the last 3 years in Tucson and just used a mixture of cornstarch and baking soda (more cornstarch than baking soda because it scratched my skin too much). I did just fine, even with my 15 minute bike rides (each way) to work all year round.
My only complaint was that it left powder under my arms on dark clothing but it was easy to wipe off with a cloth and doesn't stain. Of course when I went for a run I did get a little smelly but I didn't mind because, well, I was exercising. :)
My concern about using coconut oil is it staining clothes. That's the only reason I haven't tried a recipe like this.
I just moved to SC so I'll get to test the deodorant in intense humidity as well!
Tweeted reply:
https://twitter.com/KelRo1/status/240497346352402432
Like you on FB.
If the student's card will be monitored by his/her parents or if the student has a job, some savings, and has demonstrated responsibility, then yes.
It all depends on the kid, but I say sure, especially one with a low limit. They have to learn sometime.
I responded on Twitter. https://mobile.twitter.com/#!/1bets1/status/240492374919352320
I think college students should be strongly cautioned against having and using credit cards. I was able to use a credit card resposibly in college (paid in full every month), but my sister graduated with thousands of dollars of credit card debt. I don't think that these outcomes would have been difficult to predict based on our prior financial behaviors, however.
I liked you and your post on Facebook.
In my household, the answer is a big NO! My daughter is terrible with money. She spends as fast as she makes. I bought the meal plan so she doesn't go hungry. There's also some school 'money' attached to the card for shampoo, etc. She can't spend it at the liquer store.
https://twitter.com/missluckybreaks/status/240487180609413120
Liked you on FB!
One credit card would be enough to build credit. Don't go overboard like me! I'm still paying for it now, 10+ years later!