Teaching Teens How to Use Credit Cards
| September 28, 2009 |
Did you know that in 2008, the average college senior carried a little over four thousand dollars in credit card debt, with one in every five students owing more than seven thousand dollars? If not, than this could seem like a harsh reality that millions of college students find themselves falling into debt way before they even start their careers.
To keep students from acquiring this debt many people say the best thing is to simply steer clear of credit cards but as simple as it sounds, credit cards always seem to become attractive and find their way into students’ pocketbooks. If this is the case, what can actually be done to help these and future college student from falling into credit card debt? According to an article in the Wall Street Journal entitled "Teaching Teens About (Credit) History", there is plenty.
The truth remains that teenagers will not learn much about credit cards and how to use them from school. As a parent, teaching your children about credit cards could ultimately influence them into make smart financial decisions that could effect the rest of their lives.
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