Tax Law Changes That Will Impact Your 2007 Tax Return

Tax Law Changes That Will Impact Your 2007 Tax Return
Expect some changes when you file your 2007 tax return!
Here are a few highlights from the Small Business and Work
Opportunity Act of 2007.

Do you own real estate?

At the very end of 2007, Congress passed a bill with
several tax law changes impacting real estate. Qualified
Joint Ventures by Married Taxpayers If a husband and wife
who file a joint return are the only members of a qualified
joint venture, they can elect not to be treated as a
partnership for Federal tax purposes. Applies to tax years
beginning after December 31, 2006.

§179 Deductions: This great deduction has been
extended through 2010. Taxpayers with $500,000 or less in
assets placed in service on or after January 1, 2007 can
elect to expense immediately up to $125,000.

GO ZONE §179 Deductions: For 2007 Taxpayers with
$1,050,000 or less in assets placed in service on or after
January 1, 2007 can elect to expense immediately up to
$212,000.

FICA Tip Credit: The FICA tip credit will continue to be
based on the old minimum wage of $5.15 even though the
minimum wage is scheduled to increase to $7.25 over the
next two years. Applies to tips received for services
performed after December 31, 2006.

Work Opportunity Tax Credit: The Work Opportunity Tax
Credit is extended an additional 44 months through August
31, 2011. (Note that with respect to an employer that hires
a targeted individual on August 31, 2011, the credit will
be available for wages paid through August 30, 2012.) The
targeted veterans group is expanded to include veterans
with service-connected disabilities, and doubles the
maximum credit for hiring those veterans. The "high-risk
youth" targeted group has been replaced with a much broader
group that includes older individuals (up through age 39),
and individuals who reside in certain rural counties. The
rehabilitation referrals group has been expanded to include
individuals referred through a Social Security
Administration Ticket to Work and Self-Sufficiency Program.
Applies to individuals who begin work for the employer
after May 25, 2007.

Waiver of AMT Limits on Work Opportunity and FICA Tip
Credits: The work opportunity tax credit and the credit for
portion of FICA taxes paid with respect to employee cash
tips may offset alternative minimum tax liability. The
waiver of AMT limits apply to credits determined in tax
years beginning after December 31, 2006, and to carrrybacks
of such credits. Effective for tax years beginning after
December 31, 2006, and to carrybacks of such credits.

Sale of Stock in a Qualified Subchapter S Subsidiary: An S
corporation's sale of a QSub's stock is treated as a sale
of an undivided interest in the QSub's assets followed by a
deemed creation of the subsidiary in a §351
transaction. These new rules are not intended to affect
current law treatment of transfers of QSub stock in
otherwise nontaxable transactions. For example, certain pro
rata distributions of QSub stock by a parent S corporation
to its shareholders can qualify for tax free treatment if
the requirements of §355 and §368(a)(1)(D).
Applies to tax years beginning after December 31, 2006.

What changes are in store for your 2008 taxes?

Kiddie Tax: The kiddie tax is expanded to apply to any
child who is 18 years old or is a full time student over
the age of 18, but under age 24. However, the kiddie tax
will not apply to such individuals if their earned income
exceeds half of their support for the year. Does not apply
until 2008.

Passive Investment Income of S Corporations: S corporation
capital gain from the sale or exchange of stock or
securities is no longer characterized as passive investment
income. Gross receipts from more regular income streams
(those derived from rents, royalties, dividends, interest
and annuities) remain subject to the passive investment
income limitations. Becomes effective for tax years
beginning after May 25, 2007.

----------------------------------------------------
Tom Wheelwright is not only the founder and CEO of
Provision, but he is the creative force behind Provision
Wealth Strategists. In addition to his management
responsibilities, Tom likes to coach clients on wealth,
business, and tax strategies. Along with his frequent
seminars on these strategies, Tom is an adjunct professor
in the Masters of Tax program at Arizona State University.
For more information, visit
http://www.provisionwealth.com.com .

4 Steps To Taming The Wild Spending Beast Within - An Effective Debt Relief Strategy

4 Steps To Taming The Wild Spending Beast Within - An Effective Debt Relief Strategy
There are a number of very different strategies that you
can utilize to confront credit card debt and other debt
issues you're facing - proactively, directly, and head-on -
and this post will be just one more tool you can put in
your "debt relief tool box".

So, let's talk about variable expenses and how you can tame
this wild debt beast.

You're on a budget and abiding by it the best you can, but
we're only human, and there's a tendency to over-spend on
certain things. It's happened to us all: We go to the
grocery store for food and we frequently come out with a
few 'extras' - things we really don't really need, but we
decide to get anyway.

Individually, these are minor expenses, but they do add up.
Quickly. In the interest of debt reduction, these expenses
need to be controlled. Here's a good way to do it.

Instead of writing a check or using a debit card you should
pay with cash only. You may think it doesn't matter how you
pay for these items, but it really does. What I'm asking
you to do is to play a minor psychological trick on
yourself.

The fast food industry has discovered that people who pay
with cash equivalents (checks, credit & debit cards) tend
to spend about 10 percent more than those who pay with
cash. You don't really think they take these other forms of
payment because they like you do you? They take them
because you'll spend more. This is financial warfare.
You're battling for your financial future so I want to arm
you with...cash.

HERE ARE THE STEPS TO TAKE...

On payday, I want you to withdraw in cash the amount of
money you have budgeted for variable expenses. I'm talking
here about groceries, gasoline, clothes, lunches,
miscellaneous - all of it. Now separate the money into
small piles based on category. Place the smaller piles into
their corresponding envelopes (write the category names on
the outside of the envelopes) and put them in a safe place.
What I want you to do is pay for your variable expenses out
of these envelopes. When the money you've budgeted for a
particular expense is gone, you're done spending on that
category until payday rolls around again. If you decide to
order a pizza or get fast food, that's fine, but realize
that it's coming out of the envelope.

You're going to have to curtail your spending to keep cash
in the envelope, or you could wind up walking or singing
for your supper. It takes work, but with careful planning
you'll actually begin to have money left over at the end of
the week. And then the sheer beauty of this plan can kick
in.

THE BENEFITS:

At the end of the week, take all 'leftover' money out of
the envelopes and count it. Deposit it into your checking
account. Immediately write out a check and mail it to the
creditor with the lowest balance. It might be a credit card
or a personal loan. Whatever the case is, mail the check.
If it's only $12.37, mail it anyway. It's not the amount
that matters.

NOW YOU'RE ON YOUR WAY!

By mailing your envelope leftovers, you're making progress
on your debt situation. Have you ever heard the expression
"You're nickel and diming me to death!"? You probably had a
parent when you were a child that made that complaint when
you would constantly ask for a very small amount of money
for something you wanted.

This is that same principle in reverse: You're n ickel &
diming yourself back to life. It may not seem like much,
but if you can find just a little extra to send to a
creditor every week, using my example, that's over $600 in
a year's time. And that's not loose change.

----------------------------------------------------
Darrin Roseborsky is a Refinance Specialist with OMAC
Mortgages, seminar speaker and president of
HomeRefinanceCoach.com. Darrin shows people how to MAXIMIZE
their equity PROPERLY and how to choose options that make
the MOST SENSE for their situation! An example of exactly
how this works, is at: http://www.homerefinancecoach.com

Four Basic Methods Of Making Money in Real Estate

Four Basic Methods Of Making Money in Real Estate
Savvy investors can make a profit in almost any market. An
investor must know where his profits are coming from before
entering a real estate transaction. Knowledge of exit
strategies is key to making a profit as an investor. To be
knowledgeable in real estate investor transactions, here
are some tools an investor needs to flip houses in any
market. These are the basics to profiting as an investor.

1) Wholesaling is the process of locating distressed
properties and selling to wholesale buyers. Many times the
investor has no money in the transaction. Quick profits can
be made by assigning properties to wholesale buyers that
you already have in place. Experienced wholesalers will
already have their buyers' list, which are just a phone
call away. The skill needed here is finding houses to put
under contract. Placing properties under a purchase and
sales agreement is a fairly simple process.

2) Owner financing is purchasing houses from owners that
will allow you to take over payments. This is a simple
process that allows the investor to think out of the box
and place a new buyer who normally cannot get financing or
is interested in taking over payments. There are 3 ways to
make a profit. First, profits are made in the down payment.
The second profit to be made is in the difference between
the monthly payment that the investor negotiates between
the seller and the final monthly cost to the buyer. And the
third way to make a profit is in the final payment when the
buyer closes out the sale if he gets financing. This is a
good way to have a constant income once you get several in
the pipeline. A good attorney or courses can be taken to
understand simple contracts to place buyers into an "owner
financing agreement." Consult with a local attorney to
check for any laws and regulations related to owner
financing agreements.

3) Lease option, also known as rent to own, is a method of
selling houses that investors use in flat or rising markets
to make a profit. Although done a few different ways,
investors purchase a home below market by having the seller
"owner finance" to the investor. Profits are made by
investors basically selling at market value to a buyer
"renting to own." Buyers usually will contract with the
investor to complete the sale in 1 year to several years.
Profits come from the down payment, sometimes in the
monthly payments, and the biggest profit is at the end.
Many investors do this and feed the pipeline, with the goal
of cashing out 1 or more a month as they set up their
systems. Profits are very reasonable and the buyer can make
$5,000 to $50,000 or more once the buyer decides to take
the option to purchase.

4) Retailing is the business of selling houses at market
value. It goes hand in hand with purchasing properties at
wholesale and rehabbing for resale for profits.

There are more methods for investors but these are the
basic principles of buying and selling houses as an
investor. Investors develop specialties and focus mainly on
one or maybe two different principles. The more
knowledgeable an investor becomes, the more successful he
can be in different markets. Make sure to abide by rules
and regulations of your state.

----------------------------------------------------
Andy Ford is a real estate investor who purchases, rehabs
and retails homes. His expertise is providing wholesale
properties to the public at http://gotcheaphouses.com/ He
also has access to bulk REO packages through
http://www.sterlingholdingsinc.com/

Say Goodbye to Debt on 2008

Say Goodbye to Debt on 2008
The past holidays may have tipped you off your budget- with
all the parties to prepare and all the gifts to give. Are
you ready to face the new year with an excellent credit
standing? Or are you one of those consumers who are having
trouble paying off their credit card charges from their
account?

A telephone survey conducted on December 6-9, 2007 by the
Consumer Reports National Research Center revealed that
only 65% of credit card holders intend to pay off their
balances on the first month of 2008. The rest plan to carry
over balances on their account on to the next two or three
months. This could mean paying for additional interest rate
unless your credit card has a 0% interest offer.

If you've spent a lot during the holidays, what can you do
to take control of your debts and avoid further problems?
Here are some tips to consider:

Transfer your high-rate balances. If you're credit card
doesn't have a 0% interest rate offer, then transfer your
balances to a credit card that does. Usually, the zero
interest rate is an introductory promo that lasts from 6
months to a year depending on the issuer. By transferring
your balances over, you can afford to pay off your dues in
installments without incurring interest.

Don't be content with submitting only the minimum payment.
As you prolong your credit card debts, you increase your
risk of getting stuck to more debts.

Freeze the use of your credit cards. Since you're still
paying for the charges you made over the holidays, fight
the temptation to charge anything new on those cards until
the holiday debt is paid off. Concentrate on bringing your
credit card debt down to $0.

Cut back on your costs. In order to pay off your credit
card balances in full, it may be necessary to cut back on
your spending. Examine your monthly expenses and see
whether it's possible for you to minimize your costs. You
may need to make some sacrifices but if it can help you
bounce back from your debts, then those sacrifices are
definitely worth it.

Check your credit report. It's good to start the year
right. Order a copy of your credit report and make sure
that there were no unauthorized charges made in your
account. Cases of credit card fraud and ID theft are at a
high especially during the holiday seasons so you want to
make sure that you're not one of the unlucky ones who has
been victimized. In case there are incorrect accounts call
your creditors immediately and the three major credit
bureaus to dispute these accounts.

----------------------------------------------------
Liz Roberts is a loan consultant with NewHorizon Finance
and has been providing consumers and business owners with
financing since 1989. Join our mailing list for FREE tips
on building and repairing your credit . We also have a list
of recommended bad credit credit cards.
http://www.newhorizon.org/Info/unsecured.htm
Copyright 2008

Reducing Your Monthly Obligations When You Are Credit Challenged

Reducing Your Monthly Obligations When You Are Credit Challenged
For those who have good credit, finding a way to reduce
monthly obligations is a pretty simple task. It can range
from obtaining a personal loan to consolidate some loans to
refinancing your home mortgage or car loan at a lower
interest rate to using the debt stacker method. For some,
it may be as simple as finding a new credit card with a
lower rate of interest and using it to pay off the higher
interest cards. Whatever the financial situation is, for
those with good credit, there are several different options
that are open for consideration.

For those who have less than perfect credit, the options
are limited, and it can be more challenging to find a way
to reduce your monthly payments. Certainly there is the
possibility of cutting household expenses in order to have
more funds available to make the monthly payments on
household expenses as well as loan payments, but it's
somewhat more difficult to find a way to reduce loan
payments when you have credit problems. Though difficult,
that doesn't mean that it is impossible. There are lenders
who are available to work with people who have less than
perfect credit, but you have to be willing to be a higher
interest rate in order to find a lender willing to work
with you.

If you own your own home, it is easier for the
credit-challenged person to obtain a loan to help him meet
monthly payments, but it can also be dangerous as well.
After all, you are putting your home as collateral to
secure the loan, so you have to be certain that you can
make the monthly payments so that you don't lose your home.
In all probability you are going to have to pay a higher
rate of interest than you would if you had good credit even
though the loan is fully secured. If you have high interest
credit cards that are adding to your financial burden, and
thus affecting the status of your credit, this may be a
good option for you to consider. You want to reduce your
monthly payments in order to get your credit back in track,
so a consolidation is a good way to do that if you are a
homeowner.

You want to take the time to weigh putting your home's
equity on the line in order to consolidate your debt. It's
important to look at your overall financial situation and
determine if that is really the best solution to your
problem. Better yet hire a wealth coach to go help you with
all your financial decisions. A n expert wealth coach or
personal economic advisor will act like your financial
guardian, assisting with your debt elimination as well as
wealth accumulation plan. Keep in mind if you do this alone
without an advisor, once you sign the contract, there is no
turning back, so take both the advantages and disadvantages
into consideration.

* The loan is secured by your home, thus if you fail to
make the payments, you can lose your home even if you are
paying on your primary mortgage

* If all of your equity is tied up in a consolidation loan,
it will not be available if you need it for something else.

* Is a consolidation loan the best option for you, or
should you consider debt management? I would say no to debt
management, however, in a few cases it may be the only
option.

* Will the payments on a consolidation loan be low enough
to help you get your credit back on track?

* Will the addition of a loan with tax-deductible interest
benefit you?

* The biggest concern you should have if you do this
without a wealth coach or economic advisor is not digging
yourself back into a financiall hole!

Although debt management may appear to be a viable option,
there are many scams that are out there that in the end,
you may be better off attempting to work out a reduced
interest and payment plan with your creditors. For
instance, some unscrupulous debt management firms have come
into existence over the past few years that will take your
money and never turn it over to your creditors, thus
leaving you with having to work out agreements with your
creditors or looking for a financial institution that will
approve you for a consolidation loan in spite of your
credit. Another horror story on debt management companies
is that they will make settlements with your creditors
without your permission, thus leaving your credit in worse
shape than it was. Add that to the ones who tell you the
fee is one price, and they charge you another by taking
your checking account information and creating an
electronic check or using Electronic Funds Transfer. They
will often do this without consulting you first, and in
some cases leave you with almost nothing in your checking
account. Instead of debt management, utilize credit
counseling services that will help you get your finances in
order without charging you a fee.

It is certainly easier for someone with good credit to find
ways to reduce their monthly obligations, but it is not
impossible if you own a home and have less than perfect
credit. The key is finding the best solution to the
problem. In some cases work with a debt management company
is a better solution than a consolidation loan. Weigh both
options before you make a decision.

copyright 2008 Billy Alvaro

----------------------------------------------------
By Billy Alvaro
Americas Wealth Coach
Economic Advisor
'Discover the 7 easy steps from debt taxes and worry to a
stress free financial future in 37 1/2 days or less
guaranteed!" click here for a 20 page free report and dvd
http://www.savemonthly.com

Home Ownership: The Greatest Financial Scam of the Twentieth Century

Home Ownership: The Greatest Financial Scam of the Twentieth Century
Robert Kiyosaki was the first and has been the only
financial pundit to suggest that your home is not an asset.
As they so often do, Kiyosaki's statements fly in the face
of prevailing financial wisdom.

David Bach, author of Automatic Millionaire, not only says
that your home is an asset, he asserts that home ownership
is the first wrung on the ladder of wealth creation in
America. He encourages everyone to buy a home as soon as
possible to begin building their wealth.

CNN Money does their Millionaire in the Making profiles and
I am shocked to find that in almost all cases 50-75% of the
wealth of the families profiled is locked in their home.
Given that people have to have a place to live, this is a
problem.

Does home ownership produce wealth or are wealth and home
ownership produced by sound wealth-producing financial
habits?

The Economist, tracking real estate over the past decade,
has concluded that the economics no longer support home
ownership.

I bought my first home in 1991. The housing market in the
North East had not recovered. The savings and loan
collapse of the mid 1980's depressed home prices and
brought the condo market to a halt. Multiunit condominium
properties were vacant. Many of the properties continued
to sit vacant because banks had strict owner occupancy
ratios for condominiums. Mortgage money was tight.
First-time home buyer programs were coming on the market
and the minimum down was ten percent. I was raised to
think that a home was an investment. My mortgage broker
sat me down and said, "it is best that you think of your
house as a roof over your head, not as an investment."
That was incredible advice. Prices dropped another 10%
after I moved into my home. After 3 years of living in my
home and 2 years of renting it out, I sold it for what I
paid for it. After closing costs and realtor fees, I
received a check for 447 dollars, significantly less than
the $14,000 dollars that my family gave me for closing
costs and the down payment. I always intended to pay them
back with the proceeds from the sale. All told the housing
market was depressed in the North East for over 10 years.

Even in an appreciating market, home ownership is no
bargain. And a home is not an asset.

Let's tackle the issue of equity as a component of wealth.
Let's say you buy a $100,000 home and put money down. That
down payment is 20%. In real terms at the time of closing
you have 20% equity in your home. If you had $20,000
dollars in your bank account, you had $20,000 in wealth.
If you move that money to your home in the form of a down
payment, you may have $20,000 in wealth as long as the
market at least stays flat. For this illustration, we will
say that is the case. You have $20,000 wealth stored in
your home. Now what can you do with that?

If you borrow against your home, you erode your equity and
your wealth. If you sell your home and get your $20,000
back, then what? You have to live somewhere and living
somewhere costs money. The equity in your home is
essentially dead. You cannot do anything with it. Sell
your house and you reinvest that money into a new home,
borrow against your equity and you lose it.

In short, the equity in your home, once in your home, will
remain there. Useless to you in real terms. That equity
will do something that is quite dangerous, however. It
will cause you to feel wealthy, wealthier in fact than you
are and spend money, money that you, in reality don't have.

It might be helpful if I defined an asset here. Kiyosaki
calls an asset anything that retains or appreciates in
value that pays you. For Kiyosaki a house does not fit
that definition. I define an asset as anything that retains
or appreciates in value that I can sell and dance around my
house throwing the proceeds of the sale in the air and have
a jolly good time. Can't do that with a house because,
once again, I need someplace to live.

Someone might say that they want to downsize. Sell their
home, pick up something smaller and bank the rest of the
profits.

The numbers don't add up. One of the columnists for the
WSJ wrote that he doubted that he had made much money on
his home although it was valued at half a million dollars.
He had lived in his home for 10 years and paid just under
$300,000 dollars for it. When he factored in taxes,
insurance and maintenance, he figured that he broke even.
Broke even!

What that means is that he actually spent the $200,000 on
his home in other ways and the sale of the home would just
result in returning that money to him. Two hundred
thousand dollars equity and wealth gone when you actually
look at the numbers. So much for great profits! So much
for down sizing and banking the difference.

Here is an example of what happens when you refinance or
draw equity out. For the amount of time that I have
actually lived in my home I have made $82,800 dollars in
payments. These payments went primarily to interest so
let's deduct the top tax rate. The top tax rate is the
best-case scenario, a lower tax rate means you deduct less
and pay more. Deduct $27,324 and get $55,476. Taxes and
insurance paid amount to $20,460. Now the total paid is
$55,476 + $20,460 = $75,936. Maintenance, landscaping,
updates, repairs total $29,779. Add the two, $75,936 +
$29,779 and get $105,714. I refinanced the house in order
to take money out and buy my first investment property.
Add in the unpaid mortgage balance and the total owed, paid
and put into the house is $188, 715.

Critical concept: Improvements on a home don't necessarily
increase the value of that home. Every neighborhood has a
trading range. The trading range for an area is based on
location, size of the homes in that area and amenities.
Homes will trade at the high end or low end of a
neighborhood based on those factors. If my home sold for
$170, 000, the financial gurus would say that I have
$87,000 dollars of wealth based on the difference between
the unpaid mortgage balance and the sale price. Because you
have seen the numbers, you know better. In fact I lost
$18,715 dollars. When I take into account the money I
borrowed out to buy my first investment property, I broke
even. I am assuming that I sell my home myself. Using a
realtor would increase my losses by 6% of the sale price.

How can I call home ownership the greatest financial scam
of the 20th century? I call it a scam when you buy
something (a house) expecting it to lead to something
(wealth) when that purchase can in no way produce that
result. I call it a scam when the brokers who sell you the
house know it won't.

Sound financial habits will lead to wealth but home
ownership in and of itself will not. Home ownership can in
fact lead to poverty as people struggle to make payments
and find that they are unable to maintain their homes.
Sell and they risk owing more than the home is worth. Stay
and their standard of living is reduced to pay for the
house. Sounds like a winning formula for wealth to me.

While 20% of the homes in this most recent real estate
bubble went to investors who were speculating in the
markets, 80% of the homes went to people who believed that
home ownership, not sound financial habits, were the first
wrung on the ladder to wealth creation. They just believed
what the gurus, the realtor, the mortgage broker and the
banker told them. In a consumer society where everything
is reduced to the lowest common denominator, they believed
that a home could be purchased for little more than a
moderately-priced flat screen TV and that down payments
were a nuisance. They did not understand that as a worse
case scenario, down payments are actually insurance against
downside fluctuations in the housing market. Many people
are finding that instead of the wealth they expected, they
have a financial nightmare.

Perhaps moving forward into the 21st century, we will
decide that sound financial habits and financial education
are the first steps on the road to wealth. Maybe we will
decide that wealth is created through work and due
diligence and not by betting on the financial product of
the day.

----------------------------------------------------
Ouida Vincent is an active real estate investor and
entrepreneur who has watched her friends and family members
struggle under the burden of home ownership in today's
market. She is launching
http://www.freeagentnationonline.com to promote financial
education and entrepreneurism.

3 High School Student Credit Card Tips

3 High School Student Credit Card Tips
It used to be that parents didn't find themselves
considering credit cards for their children until those
children went off to college, but nowadays a high school
student credit card might be more appropriate. If you have
a high school student at home and you've been wondering if
a credit card might be a good tool for them, there are
three things you need to keep in mind.

1. It's a "Minor" Issue

If your child waits till college to get a credit card,
chances are it's going to be in his or her name only --
meaning your credit is off the hook should they mismanage
the card or abuse their credit. If, however, your child is
a minor (as most high school students are) then your child
is going to need to be using one of your credit cards as a
secondary user. This means your credit is on the line, not
theirs.

Minors can't get their own cards, so you'll be towing the
line if your child is under 18 with a credit card in their
pocket. If your child isn't responsible enough to manage
the card wisely, you'll end up paying for their mistakes,
and those mistakes can cost big time.

2. It's All About Boundaries

If you do decide to let your child have a high school
student credit card, you need to set up boundaries the
moment that card is issued. What can the card be used for?
How much is your child allowed to spend? Should he or she
contact you for permission prior to using the card?

By setting up clear boundaries you can avoid future
headaches (and unpleasant statement surprises). If you
simply say "this card is only for emergencies" your child
might not understand. For all you know, that cute coat in
the mall could be an emergency to a high schools student.
Explain exactly what constitutes an emergency and set up
firm rules, making sure your child understands what the
consequences will be if those rules are broken.

3. Go Over the Statements Together

A high school student credit card can be a great way to
teach your child financial responsibility, but for that to
happen your child has to be involved in paying the bill.
When the credit card statements come in each month, go over
them with your child. If there are frivolous charges,
discuss them and talk about responsible credit card
spending.

Let your child watch you write the check to the credit card
company and make sure they pay you for their share of the
bill. This will teach them that plastic needs to be used
just as responsibly as cash.

While a credit card isn't right for every high school
student, there are definitely some who can benefit from
them. If yours is one of them, by all means get them
started on the road to a healthy credit future and let them
learn from the use of a high school student credit card.

----------------------------------------------------
For more tips on student credit cards, saving money and
avoiding getting taken, check out the student credit card
section at CreditCardTipsEtc.com, a website that
specializes in providing credit card tips, advice and
resources.
http://www.creditcardtipsetc.com/student_credit_cards/