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| Parental Guide To Students and Their Credit |
 2) When our students enter high school, they should be ready (at least they'll tell you they're ready) to experience a bit more financial responsibility. Since they should already have a savings account, help your son or daughter open a checking account.
They should know how to write checks, keep track of and reconcile their balance, find out the facts about overdrafts and associated fees, etc. A debit or pre-paid card might be worth considering when they're a junior... to learn a bit of self control. The purpose is to have them fully versed in money management before they're out of your sight and you're out of their mind.
3) So your kids are at college and, hopefully, they already have a good grasp of the fundamentals. This is an excellent time for them to begin building a credit line of their own by signing up for a student credit card under their own name, without your co-signature. After all, they should already be aware of not carrying a balance and pay their bills on time.
Continuing Education for Students Learning to Use Credit and Credit Cards Wisely
You should remember that it is not the end of it. There are a few more tiny lessons they need, like how much debt is safe to carry, how to use debt to actually improve credit ratings, how credit ratings are established, and how taxes and other kinds of activities influence credit ratings. If you're a bit doubtful on some of these topics yourself, take heart... you have plenty of time.
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