
“To contract new debts is not the way to pay old ones.” - George Washington
In the age of virtual currency, rising inflation, and online shopping, helping your teenager get their feet under them when it comes to money seems like an absolute necessity.
So, wouldn’t it be great if you could pry your teen from perma-scrolling TikTok and Snapchat long enough to teach them a few things about money? However, you might be surprised to find that one great money education tool for them (or anyone) is having a credit card.
Yep, you heard that right. Giving your teen a credit card could really help them learn a few things about money and managing it.
Think about it: You have to handle paying the balance and watch your spending when it seems effortless (at least until the bill arrives). You learn the ins and outs of interest, credit scores, and paying off a tab over time. It’d be tough to find a better money teacher than that.
Obviously, this is going to mean some hard work and lots of one-on-one time to keep them from going off the
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