A lot of us have been there, we never really thought about the consequences of accumulating credit card debt so early in life. As I mentioned before in the “Things you should never do with money” articles, we as consumers have a tough time rationalizing the necessity of some of the purchases we make. We tend to negotiate with ourselves and are somehow able to turn our wants into needs.

College students don’t have a lot to spend or live on, yet somehow they’re able to get high limit credit cards and this is when it all begins to go wrong for many of them. Even at this educational level student do not have the necessary money skills and often end up spending more than necessary. Student loans normally cover tuition and living expenses but that’s not all that college students need to finance. Money in college is scarce and it’s one of the most important resources to a college student’s social life.

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