Atpresent,awidevareityofcreditcardsissuedbymajorbanksandshoppingmallsarethrivingincollegesanduniversitiesacrossthenation,withamultitudeofcollegestudentsmakingupagrowingpopulationofcardholders.Indeed,oneoutoffivestudentsisestimatedtobeinpossessionofatleastonecreditcard,andthefigureisexpectedtobeonthesteadyincrese,thelatestdatapublishedbyYangtzeEveningPostsuggests。
Likeanythingpriortotheemergenceofthissmallpieceofplastic,theincreasingpopularityofcreditcardoncampushasbothbrightanddarksides.Ontheonehand,youngadultsincollege,freefromthetroubleofpocketingaconsiderablesumofcash,couldenjoytheconvenienceofcreditcardsandpurchaseexpensivegoodsbyinstallments.Ontheotherhand,however,theirresponsibleandexcessiveuseofthecardsbytheseyoungsters,themajorityofwhomarefreshoutofmiddleschoolincapableofbudgetingtheirmoney,canmakethemheavilyindebtwhichwilltakethemyearstopayoff。
Onmypersonallevel,whileenjoyingahostofconveniencesthecreditcardmaybring,wecouldn&39;taffordtoignoreaconspiciousfact:inmostcases,parentsareoursolefinancialsources.Insteadofspendingwithoutanyrestrict,wearesupposedtoputstudiesonthetopofouragendaandmoveourselvesbeyondheavydependenceuponourparents。
