Contact Us

BBB Offers Tips On Money Management for College Kids

Money
Getty Images

UNDATED – Back to school season can be chaotic, and parents of college-bound kids might be forgetting to pass along money management advice.

With this in mind, Better Business Bureau has tips for parents on how to help your student along in the process. As you wave goodbye to your kid, keep these strategies in mind:

  • Remind them to be responsible with credit cards. Studies show 2 out of 3 college students report having a credit card, and the average freshman ends the year with about $1300 of debt. Stress the need for your student to make regular payments on their card balances.
  • Highlight the importance of starting and growing a savings account, even if it’s small.
  • Remind them to pay their bills on time to avoid late fees and service charges, which can be pricey.

Lastly, the BBB suggests you tell them to be watchful of their personal information, and shred any document with personal and financial information before throwing it away. Research shows that college students are particularly susceptible to identity theft – and 79% of the time, it’s perpetrated by someone with whom they’ve had contact.

More News from WJON

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wjon.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on AM 1240 WJON quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on AM 1240 WJON quickly by logging in with your Facebook account. It's just as secure, and no password to remember!