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Credit Cards And College Students 
 
by Sandra Bell July 26, 2005

How should I handle my card responsibly?

Make at least a rough budget plan and stick to it. Your credit card should not be a part of the plan unless you have had a real financial emergency and had to use it. In that case, budget for payments as large as you possibly can. If you pay only the minimum, you may retire before you pay off the card. Make sure your payments are on time. If they aren't, interest is jacked up and there are late fees.

That first credit card is often heady and the money charged often doesn't feel like real money. You can run up a bill very quickly by using it to eat out, get that cute outfit, or buy a really nice birthday gift for a new friend. You should try limiting the card to one or two small purchases a month and save it for a real financial emergency. No, going to Palm Springs for spring break is not a real emergency.

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