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Student Credit Cards: What Every Parent Must Know
By: Ed Vegliante
Your young adult offspring is heading off to college for the very first time.
Chances are she is well equipped with all of her bedding, music,laptop computer,
compact refrigerator, and a whole assortment of other items in tow to keep her
happy. There is one thing that you may have overlooked, a real help for students
and a godsend for parents: a student credit card. Yes, credit cards are an
invaluable part of every student’s college experience if used wisely. Let’s take
a look at some benefits of giving your son or daughter their very own credit
card.
Let’s Buy Books. After paying tuition and boarding costs, it can be easy to
overlook another big expense: books. Do you really want your son or daughter to
carry around hundreds of dollars in their wallet to pay for books and supplies?
Probably not. All college bookstores take student credit cards and with every
credit card statement you can easily and accurately track expenses for tax
purposes. No need to collect a bunch of receipts either: the proof is on the
credit card statement.
Incidental Expenses. Likely, your child enjoys some “cooling off” time
especially after completing exams or working on a difficult school project. A
credit card can be a good way to pay for a couple of pizzas or provide for a
night out at “the game.” In addition, if your son or daughter wants a new pair
of jeans or shoes, a student credit card will help them make that purchase.
Life’s Little Emergencies. God forbid, but if your daughter has an emergency and
must be rushed to the hospital, in many cases she must show payment information
along with her personal identification and medical card before being treated. A
student credit card can fast track your daughter to wellness and give her help
in a time of crisis. When you cannot be there to help, a student credit card can
provide quick access to needed care.
Road Wise. If your student goes off to college and he takes a car with him, how
will he and you handle a problem if the car requires maintenance or repairs?
Wiring money is aggravating and a hassle especially if the emergency occurs late
at night or on a weekend. By equipping your student with a credit card you can
get his car running again and give yourself and him plenty of peace of mind.
Yes, you must counsel your child to use their student credit card wisely. By
reviewing every credit card statement monthly, you can help your son or daughter
show responsibility and achieve financial independence.
About the Author:
Please click here to find Student Credit Cards. Ed Vegliante runs
www.Credit-Card-Surplus.com
,a credit card directory enabling the consumer to
compare and apply for cards. |
