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Student life is memorable for a lot of reasons, but add to that the flexibility that comes with student credit cards and you will spark off a debate. People are divided on the opinion of whether student credit cards are to be encouraged or not. I see a lot of advantages of allowing students use credit cards and here are some of them:
According to me, one of the best ways to teach students responsibility is allowing them to be responsible for their own lives. This is the first step in letting them know that they have to grow. They will be encouraged to make decisions for themselves by weighing all the pros and cons. This way, they get a chance to understand their priorities better.
The reason why many adults falter in handling their finances right is that they have never tried doing it in their early years. You will not have people helping you make decisions all your life and you have to know to make the numbers work to you advantage in any kind of situation. Student credit cards will let the young adults make decisions, right or wrong, which may not be too expensive, but will give them invaluable lessons to handle their finances right in the future.
You feel nice as long as there are people to run your lives, make decisions for you, handle all situations for you so you can spare your time for all that you like. But life is not as fair as that. In reality, even when you have others make decisions for you, it is you who faces the consequences when wrong decisions are made. So, we must encourage students to get independent in their decisions so they can plan for all situations and face it whether or not they are favorable.
Students too have expenses that are not always planned. In cases of such emergency, depending on others has its own disadvantages. This is specially the case for students staying away from home. In all such cases, student credit cards will give you the safety and financial assurance for any emergency situation.
Credit card companies have worked out many plans that can be beneficial to students. Hence you must try and explore this wonderful world of credit cards before you decide otherwise.