Want your teen to learn to use credit without risking a debt dilemma? Get a credit card with training wheels.
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Tags: Card, consumer, credit, debt, family, finance, money, news, shopping, talks, teens
Why don’t they just give them a debit card. That way it’s got a fixed amount.
uh wait a second, did the dude just say his name was Stacy Johnson?
That’s what I did, works great
yeah, his names stacy. it even says it on the screen. whats the big deal about being stacy? lots of guys have names that everyone thinks of as “girl names”
credit cards are great if used properly. you save money (normally 1%, but up to 5%, especially on certain things like gas&groceries)
as long as you only spend what money you know you can pay off at the end of the month, its a great tool. it saves you money, keeps you from having to carry a bunch of cash, and can be used online. the only problem is the majority of people, sadly, who spend more money than they have to pay it off and then get stuck with 18% interest
I just havent heard of a dude with the name Stacy.
I use a PrePaid card myself, it’s great. I know how much money is in there and how much I spend.
Something similar to a debit card. Although it’s great if you don’t have a bank account.
That’s why I just stick to old fashioned cash. Easier for me anyways.
yay
thanks, stacy.
I’m 13 now and i got my credit card at age 11
teenagers dont know how to manage money, thats why they dont deserve credit cards. mommy and daddy pay them off. you should at earliest be able to get a credit card at age 18. instead all these people build up a “false” credit score and then fuck over the rest of the economy in the future
I managed a debit card at 16, deposited any allowance I got, kept track of how much I spent, etc. Not a single overdrawn.
It all depends on the teenager, though you’re likely right about 95% of the teenage population. But your comment just sounded hateful.
ohhhhhhhhhhhh someone just got burnt
Me too. I have a job that I’ve held for 1.5 years, I’ve gotten 3 raises, I’ve had a debit card since I got the job and never overdrawn or even let the balance fall below about $250. I don’t understand how people can just spend without understanding the implications.
And who is paying for this card you or your parents?
My mom pays
What a spoiled little girl you are. Learn how to spend you mother’s money now. So you will not make the same mistakes most 18 year olds make.
I made some ‘stupid’ purchases, but I’ve never been broke. My bills are always paid and I ‘normally’ currently (subject to change of budget) 15% – 20% of my earnings in some form of investment/savings. Many people live paycheck-to-paycheck on purpose. Others can’t help it.
LOL, had a card before a job. Had a bank account before a job. Just freaking simple. Don’t spend money you don’t have unless you have to.
Had a credit card and a bank account before I had a job. Balance was always paid. When I got job balance was always paid. If you teach your children they will normally turn out fine. Don’t treat you kid like an idiot and make sure they don’t think like one.
I just turned twelve. I don’t believe my mom will allow me to have a credit card when I grow up.I agree with her, because
THERE ARE DEBIT CARDS TOO!!!1!one!!!!!!11
sry i’m german what does he say @ 1:31 about “read the… “
@FuckTheReason it’s read the fine-print (=das Kleingedruckte) i think
Hahaha realy funny biach!