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A parent should teach their child that loans and credit are not free money. They will have to pay that money back and should do it as soon as possible because they will be paying interest on it. They also should know that it's important to save money for emergencies.

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12y ago

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Personal Finance for College Students: Getting a Good Start?

Oftentimes, the last thing on a college student's mind is personal finance. However, the best time to establish healthy financial habits is during young adulthood. The combination of new found freedom and increased responsibility make such habits even more of a necessity. Credit card companies often target college students with the appeal of spend now, pay later. When students realize how much a purchase costs, once interest and finance charges are included, they may be less like to charge it. College students should be encouraged to live within their means to avoid accumulating credit card debt while in college.


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