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Ah, those college days! To most of us, they bring back memories of first loves, long hours studying for exams, and endless parties with the best friends of a lifetime. But all this fun can come at a cost-as the credit card bills of most college students attest too. It's a shame that kids can graduate college with thousands of dollars of debt, instead of just a promising future.

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Some might argue that college kids just shouldn't have credit cards at all. They can't handle it, these people say. But that's not a fair option either, because credit cards give personal and financial freedom that college kids deserve. The answer is somewhere in the middle. College kids should have access to credit cards, but they should also learn to control their spending to avoid crippling debt.

Use It (Wisely) Or Lose It Many Americans, including college kids, are in debt over the heads. Before getting your student credit card, be sure to understand everything about credit. Credit cards make it easy, and tempting, to go on a spending spree. But spend more on your college student credit cards than you make you'll quickly find yourself drowning in debt. High interest rates, limit fees can cause your monthly balance to get way out of control. If you can't pay your bills, your credit history will be destroyed. Bad credit can keep you from getting student loans, buying a car, purchasing a home... even getting your dream job.

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1. Plan a Budget

"Three out of five students with credit cards in our survey had already maxed them out during their freshmen year and, three out of five freshmen with multiple credit cards were already using bank cards to pay for other revolving credit accounts. Furthermore, fourths of students use their student loans to pay for their credit cards. Not incidentally, recent studies indicate that this indiscriminate marketing to college students has led to high incidences of fraud and identity theft among this young adult population, " Manning testified.²⁹⁷

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One of the best ways to control spending is the old-fashioned budget. It may sound like an anachronism in a world of keg parties and all-you-can-eat pizza fests, but a budget could go a long way to preventing bad credit. First, figure out all your weekly, or monthly, expenses, such as food, books, bus fare, etc. A credit card statement is a great way to calculate this budget.

* Free gas Cash back on a college credit card is actually a kind of points system. As you spend money these points accumulate on your college credit card account. Then they can be exchanged for cash, gift certificates or special discounts at popular outlets and stores. While the amount of 'cash back' that you get as a college credit card reward might seem small, remember that every little bit helps and you will soon be racking it up.

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2. Follow Your Budget Carefully

Credit Report Basics for College Students College students, employment background checks include credit reports. Employers may use a credit report to select against a job applicant with a poor credit report in favor of an equally qualified applicant with a good credit history. Your credit report may also affect your eligibility for loans and the interest rate you pay when you borrow money to purchase a new car or a house after graduation.

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Then plan to use your credit card for just these expenses-and pay for these expenses. You see, the only problem with credit cards is if you don't pay them off month to month. If you plan ahead with your budget, and only spend the amount you planned every week and month, then you will be able to pay off your credit card on each statement. That, my friends, means no debt will build up.

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3. Consider Only Using Your Credit Card for Major Purchases

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Another view of credit cards goes like this: they should not be used for everyday purchases, but instead used for big buys. In this view, your monthly budget expenses would only come out of your cash fund. Your credit card, then, would be used for long-term purchases, such as furniture, books, and other things that may take longer to pay off.

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4. Don't Splurge

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Going along with this view is the fourth way to help control your spending in college. And that is-don't use your credit card for little splurges, like buying a round of beers for friends, sodas at the campus store, or CDs over the Internet. You're better off leaving your credit card in a safe spot, checking your wallet for cash, and if it's not there, then don't buy!

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5. Don't Let Your Parents Help You

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Last but not least, you can control your spending with college student credit cards by not allowing your parents to pay off your balance every month! Yes, believe it or not, taking a little bit of personal responsibility for yourself-even if you are in college-can go a long way to helping you hold off on irresponsible purchases.

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Joshua Shapiro recommends Find Credit Cards to find college student credit cards.

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