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Tuesday, June 9, 2015

A Short Lesson on Credit Cards

My local newspaper and my Facebook feed are filled with pictures of fresh high school graduates and the names of the colleges that they will be attending in the fall. When those students get to campus in the fall offers from credit card companies will be one of the first things to greet them in their campus mailboxes.  Unfortunately, a lot of students don't understand just how quickly they can rack-up huge debts with these credit cards. The following videos are worth sharing with students before they apply for their first credit cards.

Credit Card Responsibility from Common Craft explains how credit cards work and how you can avoid getting into trouble with them.



Credit Card Debt Explained With a Glass of Water shows students how long it can take to pay off a credit card debt if they only make the minimum payments every month.