College Credit Ain't Easy Monday, December 22, 2008

Looking through recent articles about college students, I keep seeing the same basic suggestions: minimize loans, don't get a credit card, pay your bills, and keep track of your spending. While these are certainly useful little tidbits of advice, they don't really address the largest problem of people already in debt.

The smartest thing to do is obviously stop digging into your credit but the next best thing is to shop for a low or 0% interest credit card and transfer your existing balances. I recommend because the offer such a wide variety of choices. Having to survive on ever-decreasing resources while trying to find work in a sluggish job market, students are having to make difficult decisions before they even get their diplomas.