I had the pleasure of being a guest on the More Money for Beer and Textbooks podcast recently where I was interviewed by Kyle Prevost from My University Money.
The topic was student banking and we talked about whether University students should get a credit card while they’re in school and what pitfalls they can avoid when using credit. My view is that students probably should get a credit card and learn how to use it effectively so they can build a credit rating.
Related: Best Cashback Credit Cards In Canada
I also encourage students to look at alternatives to the big banks – think ING or PC Financial – for their everyday banking needs and to use their internet savvy to shop for the best price before they make a big purchase.
We also discussed the costs of staying at home versus moving away to attend University and some options for students to consider there.