Your young adult offspring is heading off to college for the very first time. Chances are she is well equipped with all of her bedding, music,laptop computer, compact refrigerator, and a whole assortment of other items in tow to keep her happy. There is one thing that you may have overlooked, a real help for students and a godsend for parents: a student credit card. Yes, credit cards are an invaluable part of every student's college experience if used wisely. Let's take a look at some benefits of giving your son or daughter their very own credit card.

Let's Buy Books. After paying tuition and boarding costs, it can be easy to overlook another big expense: books. Do you really want your son or daughter to carry around hundreds of dollars in their wallet to pay for books and supplies? Probably not. All college bookstores take student credit cards and with every credit card statement you can easily and accurately track expenses for tax purposes. No need to collect a bunch of receipts either: the proof is on the credit card statement.

Incidental Expenses. Likely, your child enjoys some 'cooling off' time especially after completing exams or working on a difficult school project. A credit card can be a good way to pay for a couple of pizzas or provide for a night out at 'the game.' In addition, if your son or daughter wants a new pair of jeans or shoes, a student credit card will help them make that purchase.

Life's Little Emergencies. God forbid, but if your daughter has an emergency and must be rushed to the hospital, in many cases she must show payment information along with her personal identification and medical card before being treated. A student credit card can fast track your daughter to wellness and give her help in a time of crisis. When you cannot be there to help, a student credit card can provide quick access to needed care.

Road Wise. If your student goes off to college and he takes a car with him, how will he and you handle a problem if the car requires maintenance or repairs? Wiring money is aggravating and a hassle especially if the emergency occurs late at night or on a weekend. By equipping your student with a credit card you can get his car running again and give yourself and him plenty of peace of mind.

Yes, you must counsel your child to use their student credit card wisely. By reviewing every credit card statement monthly, you can help your son or daughter show responsibility and achieve financial independence.