Think you’re too young to worry about your credit history? Think again! Credit history can open doors. One day you’ll need a loan to buy something big like a car or a house. To do this, you’ll need a positive credit history. The earlier you learn good credit habits, the better.
According to StatisticBrain.com, teens spend more than $258 billion annually, yet many young adults enter college without any practical financial guidance or accountability. It’s now more important than ever for young adults to arm themselves with information on how to manage their money. And that’s why it is also important to educate students about their most important personal financial tool: the checking account.