Having your own credit card while you are still in school can make you feel so grown up and responsible for your finances. Student credit cards are structured to fit the financial lifestyle of students. However, not everybody is responsible in using these cards. Some students get tempted to purchase things that they know they cannot afford and before they know it, they have already maximized the limit on their cards. In the end, they have problems paying their bills on time and eventually find themselves swimming in debt. If you have rich parents willing to take care of the bill, then good for you. But for those who generate income from their part-time jobs, having debts can be a … (more) June 27, 2010

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It is exciting when you get to do things the first time. However, when it comes to finding the best deals in credit cards for students, this can leave you confused if you do not know what to look for in the first place. You might end up with a deal that will not work for you and will just be a cause for headaches. Or, if you are one of the lucky few, you can manage to snag a good deal. Still, there is always that chance of getting more. 
We cannot be expected to do it right the first time but it helps if you do some research first, like with credit cards. There are so many student credit … (more) June 25, 2010

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Having a credit card is a very convenient way of purchasing things in an instant without having to worry about cash. There are credit card companies that give opportunities to young adults. However, student credit cards come with limitations, even if they can be used just like any other regular credit card.
A lot of credit card companies and banks offer student credit cards and basically request a cosigner who would serve as a collateral. The consigner, who is usually a parent or guardian, would sign the loan together with the student. The consigner has to pay the student’s debt if the student can no longer pay his or her own bills. A consigner with good credit score gives the company … (more) June 23, 2009

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One of the most difficult tasks to do is to compare one product from another. Maintaining objectivity is something that is not easy to do, especially if you are a user of one of the products that you would have to compare. Comparison on the use of prepaid cards, debit cards, and gift cards is no different. But I’d rather break a leg than not be able to tell you the pros and cons of these emerging payment methods.
Nothing bad can be said about prepaid cards when it comes to the consequences of misusing them. If you haven’t loaded money into your prepaid account, then you can’t use it. The way it works is not for everyone though because as … (more) May 25, 2009

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Credit card offers start pouring into the mailbox for consumers at a relatively young age. Most high school graduates will begin receiving such offers before leaving home for college and many more will get offers and promotional materials while in college. The promotionals may seem like a great deal but for most of the recipients, they do not yet know how credit even works. Without a solid knowledge-base of credit, students can be facing a life-long battle with debt and other financial difficulties.
Here are 6 things college kids need to know about credit cards:
Introducing Your Own Credit Report – Opening a credit card account will also likely be the start of your credit report. As many teens can’t wait … (more) April 23, 2009

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Schools do not teach our children much about financial management. It is up to the parents and guardians to teach effective money management techniques to ensure that children grow to be adults who know how to manage their finances. Here are some tips to help you get started:
Piggy Bank: Start simply and gear the methods to your child’s age. Starting when your child is between the ages of three and six is a great time to begin teaching the basics of saving. Children love piggy banks and putting the change into the slot! Whenever your child receives money for holidays and birthdays, or if you decide to give a small allowance to your child, show them how a portion of … (more) April 18, 2009

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