Credit card debt is all over the place. Tempted by how simple it is and by how desirable the products seem, it’s awfully easy to get into a mess. Multiple cards make it even easier, as do the 0 credit card rates offered to entice you to get one more card. And when the 0 rate disappears - and the multiple credit card bills come in - and the income just can’t stretch anymore to cover?
If you are just starting out, learn as much as you can about credit cards, credit card fees and interest rates, reward programs and so on.You have to be ruthlessly honest with yourself about your income, what you need a credit card for and how you’re going to use it. Once you get yourself into credit card debt, you may wish you never got a card. Being responsible about how you use your card is what will help build your credit history for later major purchases. For the student, a student credit card is a great way to begin building credit. But if you’re irresponsible, it can be a disaster.