Parents should discuss financial management with their college-bound students this month, as they get ready to head to school, Better Business Bureau officials say.
“College years are the time when many young adults establish habits they will carry with them for the rest of their lives,” said Tom Bartholomy, president of the BBB of Southern Piedmont. “One of the most important is how to manage their money.”
The BBB suggests these rules:
Be responsible with credit cards.
Start saving money now, even if it is just a small amount every month.
Pay bills on time. It is important for college students to begin building good credit.
Guard your personal information. Encourage students to shred unnecessary documents and be careful about giving out personal information, such as social security or bank account numbers.
For more information, visit www.bbb.org.