I work out of my home and rarely need credit or payments for anything and I still need to keep track of my asset management. Luckily my wife was a financial professional so I rarely need to use others.

She was capable of doing our taxes last year better than professionals we hired. I never heard end of that! But not everybody is as lucky as I am. I have good luck to have a very wonderful spouse who is willing to help with what I want to do. However, if you are not as lucky you need to speak to professionals or educate yourself.

Educating yourself about asset management is not easy. Lets face it, not all of us are equal. Some are quicker thinking than others and some learn better than others. Not all of us were at right side of grade curve in school.

One thing they may have not warned you about is how quickly you’ll be bombarded with credit card offers. You’ll find them in your textbooks, in your mailbox, and on every campus bulletin board. You’ll be offered free DVD’s, t-shirts, music downloads, and more in return for completing an application for credit.

Why all this fuss over you for a stupid piece of plastic? Because they love to recruit new borrowers, especially in your age bracket. They know, from numerous studies, that college students tend to be impulse buyers. And even though your impulse purchases tend to be small - pizza, coffee, beer, CD’s, cigarettes, books, etc. - those small purchases can add up quickly.

Fifty-four percent of freshman students and 92 percent of sophomores have at least one credit card. A recent study shows average college student graduates with between $1,500 - $3,000 in credit card debt.

Here are 7 tips to help you manage your college credit card needs: