This paper refers to how some college students think they can control what they spend using credit cards as self-efficacy. The article also says that self-efficacy had a bad effect on college students when it came to spending too much on credit cards. This article suggests that you cannot only have financial knowledge when you want better financial behavior. This article says that much information is needed to use credit cards effectively. It also says that many people are coming to realize that they need help. When they get credit card training they will be more responsible with their money. This still does not diminish using credit cards incorrectly and drop the debt when this is realized. This article states that knowing about credit cards impacts college students on how they misuse their credit cards. This is also found in other studies about how college students misuse their credit cards. There are many Americans that do not know how to take care of their money and because of this, they do not know if they are in a bad situation financially so they tend to spend much more money on their credit
This paper refers to how some college students think they can control what they spend using credit cards as self-efficacy. The article also says that self-efficacy had a bad effect on college students when it came to spending too much on credit cards. This article suggests that you cannot only have financial knowledge when you want better financial behavior. This article says that much information is needed to use credit cards effectively. It also says that many people are coming to realize that they need help. When they get credit card training they will be more responsible with their money. This still does not diminish using credit cards incorrectly and drop the debt when this is realized. This article states that knowing about credit cards impacts college students on how they misuse their credit cards. This is also found in other studies about how college students misuse their credit cards. There are many Americans that do not know how to take care of their money and because of this, they do not know if they are in a bad situation financially so they tend to spend much more money on their credit