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It’s almost time for the kids to go back to school, and for some, they’re heading off to college.
How should you help with handling money?
Flagstar Bank corporate affairs & quality director, Beth Correa, says the student should have a debit card, if they don’t already.
Correa advises a $50 to $100 cushion in the account.
She does not think college kids should have credit cards, but says if they get one, make sure it has a limit of $300 to $500 and they pay it off every month.
