Back to School with a Credit Card

This year is first for us ... no one is going to school this year. But for many in Kelowna,  kids are back to school next week and life is getting back to normal.

Time to put away the beach towel and open the text book. And for many post secondary students it also means opening the wallet for the credit card.

As the cost of day to day living is starting to creep up many students are turning to credit to finance their life style as well and the cost of education.

And using credit too much can be quite an education.

Check out the except from the Aug 30 edition of the Globe and Mail "Students Urged to Use Credit With Caution

Lauren Krugel
CALGARY — The Canadian Press
Published on Thursday, Aug. 26, 2010 8:16AM EDT
Last updated on Friday, Aug. 27, 2010 12:53AM EDT

Students won't be the only ones flocking to university campuses in a few weeks.

Kiosks promoting various student-branded credit cards have become a ubiquitous sight during many orientation week festivities, often waving free T-shirts and other swag to help lure potential customers.

While credit cards can provide a certain degree of security and flexibility for students, experts say there's a lot young adults need to know before they get into more here

The key to using credit is to use it sparingly, keep your costs down, work as much as you can to pay it off as quickly as possible.

Having big debt once leaving school can make for a real life education you might not want to enroll in!

Financial Blog of Mike Hassard | Life Insurance Debt Investing Mutual Funds |

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