This article comes from Brittany, a college student and writer at the Savvy Student, a student blog. Brittany is a newcomer here on Credit Card Chaser.

Girl College StudentThe history of my finances is at the level of a novice. With part-time jobs I have earned consistent wages, my work experience ranging from working in a bagel shop, to filing real estate referrals, appraisals and forms, to writing articles. I’m a college student who has not yet understood what it means to be in credit card debt, on the verge of a credit card payment, proving a lack of worthiness in terms of how credit savvy I am.

But I have questions, so many questions. And I would think it valuable as a credit card specialist, or a professional in any area, to take into account the questions and uncertainties of a younger generation who are unaware of much in that particular profession. I am a slightly above average student, I would say I have a good idea of how the world functions. But credit is something I am oblivious of. And I am certain that many students alike are oblivious to credit and their credit score as well. I need to understand the basics before I can play the game.

Whether you’re a parent, a brother, or an aunt, I think it is important to tell others about credit and what it means in the context of the world, if you yourself have even a general understanding of it. There are plenty of terms and graphs and numbers that books can teach, but they mean nothing unless it is practically correlated to the world and our role in it. Some of the different questions that I and others have are the following, which I’m sure can be easily answered, and if so will be greatly appreciated:

• What are the different types of credit I can attain?
• Why are there so many different credit cards that can be used to purchase different items? Won’t one credit card suffice for all of it?
• What does a credit report entail?
• How soon am I able to pay off my credit card bills after I make purchases?
• How late am I allowed to pay off my credit card bills?
• What will happen if I don’t pay off my bills soon enough?
• Why is it important to build up a credit score?
• What benefits does one receive with a good credit score?
• How do I establish good credit?
• Where should I start when trying to obtain a credit card?
• What are some good reasons for having a credit card?

These are questions that your siblings, children, nieces and nephews have, and you have the ability to let them know. If you could go back in time to know all you know now, would you? And what would you do differently? I think that this generation has the ability to quickly become informed easily through the internet, and the ipad, and the millions of different facets of this information-rich culture.

There is a blog for just about anything these days, on tons of different subjects. Each subject based on how to improve one’s life financially, physically, emotionally, etc. But learning through a family member or friend can be more helpful and more valuable. Teaching younger generations about this information is valuable to them because they will be more readily equipped for their future with finances.

If I was more aware of what a credit card could potentially do for me in my education and in my daily needs, I might have one. And from there I am assuming I would need to learn how to better manage my finances in terms of the money I make, which would lead me to making a budget. Having a budget would more easily allow me to keep track of the money that I spend and the constraints I have in spending and budgeting my money. Becoming more aware of credit and taking advantage of the rewards of a credit card would enable me to be more responsible because I would have a valid reason in keeping track of my finances.

The point I am making is that sharing knowledge of the practical things in life such as financial principles are so important and beneficial when learned early on. They have the potential to produce intelligent thinkers and well equipped businessmen and women.

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Brittany is a college student and a writer at SavvyStudent.com, a site that helps students discover ways to pay for their college education with private college loans and other resources. They also provide information regarding alternative ways to celebrate college, so students don’t have to think about private student loans.

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Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!

One Response to “Musings of a College Student With No Credit History”

  1. acquiring a student card can be a good start in building credit. You have to be more responsible financially and learn how to manage your finances wisely. You have to be responsible in paying off your liabilities with the banks to avoid debt problem and high interest rate.

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