Posted October 29, 2018
DURHAM – Back in 2013, Bolun Li was a high school foreign exchange student from China living in Boston, Massachusetts.
To cover his expenses, his parents gave him a credit card – much to their detriment.
“I remember by the end of the month my parents would show me the big red statement, and I would have no clue how I spent so much money,” recalled Li, now 19 and an economics and statistics major at Duke University.
“I forced my parents to set a limit on my credit card, but I knew that was definitely not the best way of teaching myself personal finance.”
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