College Student Personal Finance 101

The current economic conditions in the U.S. are leaving many families strapped financially. With college students rushing out the door, they might not fully understand how these times are affecting your family. Financial expert Dave Ramsey encourages families to talk openly about it- so that students don’t have false expectations and learn to manage money responsibly.

His recommendations include:
– Debit cards not Credit cards

– Parents should check-in with students often

– Parents should work with students to design a budget

– Students can get a job

– Be prepared with a plan for financial emergencies

One Response to “College Student Personal Finance 101”

  1. easy to get credit cards says:

    No cards are easy to get approved for anymore. Consumer credit lines have now been cut by over $2.5 Trillion (last week’s figures, thru end-July). Credit lines are being reduced or eliminated entirely. New credit is not being extended unless you have excellent credit.

    If you can get a new credit card application approved, the amount of the credit limit will depend on your income and amount of credit currently available to you.

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