The Most Dangerous Money Pitfall for College Students
In this series, Tips from the Pros, Money taps the collective wisdom of expert financial planners.
It can be fairly simple for college kids to get their hands on a credit card. And while this isn't necessarily a bad thing, for some students it can mean graduating college with more than just student loans weighing on them.
Financial advisers say that they see a big problem: College kids rake up credit card debt because they don't understand what they're getting into.
Should college kids have a credit card? For emergencies only, financial advisers say. For a good night out? Stick to what you have in the bank.
- Victoria Fillet Blueprint Financial Planning
- Allan Katz Comprehensive Wealth Management Group