The college years of your life are supposed to be the most enjoyable. It is filled with that newfound independence that we all crave and seems like a four year period of paradise to us all. There is the possibility to do anything you want without limits imposed by parents and if it is ordering food when you want, at what time you want, you can do it. But this is also a time when money is tight while expenses and tuition are insanely high, making it easy to slip into debt. Thankfully, though, it can be avoided.
Many persons fail to realize that going into debt is a choice that they make. There are certain aspects of debt we may not be able to avoid such as loans but extra credit card debt… we can definitely avoid this. This is not a part of college.
There are many persons that advice against attaining a credit card while in college. This is not my opinion as I believe that every student should have a credit card from my own personal experiences as a college student. The attainment of a credit card is not bad for a college student but irresponsible use is the main problem.
It is important to realize when we get a credit card that this is not free money. All that money is due back in full plus interest to boot. A credit card is simply put a cash advance. If you car breaks down and you do not have the necessary cash to get it repaired then you can get a cash advance which you have to repay at a later date. Once you set this in your mind there are a couple more tips to follow to avoid college debt. continue reading…