As your student begins his or her new life on campus, they’ll need to be much more responsible for their own life as compared to when they were still living at home. Many of these new responsibilities will include taking care of themselves and making sure that they satisfy their academic obligations. But another aspect of this new independence will be financial. Even students who live in dorms need to be able to manage the financial components of their lives. Since much of adult life involves the use of credit cards (even if it’s just for convenience or financial tracking...

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Credit cards have become an indispensable part of modern-day life. They certainly make it much easier for common transactions (like paying for gas directly at the pump), but they’ve also become practically mandatory for transactions such as renting a car or hotel room. In recent years it’s become more difficult for young adults to obtain their first credit card. Not only have some credit card companies been taking a closer look at their applicants and being more selective in granting cards, but recent legislation has made it more difficult for students to get their first credit cards while still in...

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Credit cards are among the most beloved inventions of the twentieth century. They make purchasing items on credit a simple matter of swiping and signing. Unfortunately, many credit card users have found that they make it a little too easy. An alarming number of people, including a great many young adults, have found themselves over their heads in credit card debt. Kids are often eager to get their first piece of plastic, but the Credit Card Act of 2009 has made it more difficult. Those under 21 must now prove that they have sufficient income to pay the bill or...

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The youth of today are growing up faster than ever before. Television and other media expose kids to things never before experienced. Now the youth are being targeted to get into the pre-paid credit card chaos by celebrities and other companies out to make a few bucks. Kids can learn responsibility or gain bad financial habits from the use of credit cards. The steps taken to introduce credit cards to kids will go a long ways towards determining their fiscal direction. Giving kids a credit card of their own could be a way to begin the fiscal lesson, or it...

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