Student Credit Card Or The Bank Of Mom And Dad
Student credit cards can be a quick and easy solution to an unexpected cash crunch. Lets say you work at a local hot-dog stand on weekends to help make ends meet. But the boss ran into a little gambling problem and couldn’t pay you this week. But you bought a case of beer for the weekend and your last text book will finally be in at the bookstore on Monday (only a month late). This is an excellent situation to put a student credit card to use. You know you need the book, you know that your boss will have the money next week, and you’ll be able to pay off the debt easily. This is a great situation to use a credit card as a student.
Now lets say that horror of horrors the hot-dog stand job falls through. Now you’re in a serious bind. Not only are you short on cash, you’ve got no new cash coming in, perhaps for a long time. In a case like this, for those who can, it is time to call on the bank of Mom and Dad.
Now I should perhaps explain what the Bank of Mom and Dad is supposed to be. Well it is basically just what it says: Hitting up your parents for a low/no interest loan to see you...
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