Credit cards and the stuff nobody tells you
A good credit records goes a long way when that student rents an apartment or purchases a new car, and may even help obtain a more favorable insurance premium. It is best to teach good credit management early on rather than when it is too late. If used properly, student credit cards can be an excellent teaching tool. By allowing your young adult to have a student credit card, he or she can learn how to budget by having to set aside money each month to pay the bill. He or she will also learn, hopefully not the hard way, about interest and how quickly it and late fees can accumulate if bills are ignored.