Just how much do you really know about life with a student credit card? If you think the average student credit card is used for nothing but textbooks, calculators and pens, you may want to think twice. What some students use their credit cards for might just surprise (and even shock) you. If you want to make sure a student credit card doesn’t lead to the demise of your student, you need to keep the following in mind…1. Understand that Parents Need To be TeachersWe send our kids off to school for an education and many of us forget that a good portion of our children’s learning needs to start at home. Yes, the schools will teach our children the fundamentals of finance; but we, as parents, need to teach our kids the basics of responsible spending and proper use of a student credit card.2. Know the FactsKnowledge is power, and knowing the facts about student credit card use is like taking a set of blinders off. A student credit card study was conducted by a professor named Manning. What Manning discovered should be a wakeup call to parents everywhere.Perhaps one of the most disheartening findings of Manning’s study is […]

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