Comments on: Credit Cards for Kids? http://beingfrugal.net/2007/08/08/credit-cards-for-kids/ Saving money and getting out of debt from a Christian SAHM perspective Sun, 21 Mar 2010 04:06:47 -0700 http://wordpress.org/?v=abc hourly 1 By: bussiness cards http://beingfrugal.net/2007/08/08/credit-cards-for-kids/comment-page-1/#comment-10300 bussiness cards Fri, 18 Jul 2008 20:02:34 +0000 http://beingfrugal.net/2007/08/08/credit-cards-for-kids/#comment-10300 I think it all depends on the situation. A small balance would give them responsibility if you made them pay for it. I think it all depends on the situation. A small balance would give them responsibility if you made them pay for it.

]]> By: DebtFree Revolution http://beingfrugal.net/2007/08/08/credit-cards-for-kids/comment-page-1/#comment-49 DebtFree Revolution Thu, 09 Aug 2007 19:44:07 +0000 http://beingfrugal.net/2007/08/08/credit-cards-for-kids/#comment-49 I DO have a 13yo, and I am working on teaching him about the evils of credit cards and the potential pitfalls of debit cards. My son gets his weekly pay (based on the amount of chores done and the amount of nagging I needed to do!) and he puts that pay into his wallet or into an envelope for savings. Yesterday he asked me if he would be able to open up his own bank account yet so he could earn a little interest on his savings. He's learned to quit asking for things because he knows my answer is always "SAVE UP!" This is how we should be teaching our kids...it was the way I learned also. I DO have a 13yo, and I am working on teaching him about the evils of credit cards and the potential pitfalls of debit cards. My son gets his weekly pay (based on the amount of chores done and the amount of nagging I needed to do!) and he puts that pay into his wallet or into an envelope for savings. Yesterday he asked me if he would be able to open up his own bank account yet so he could earn a little interest on his savings. He’s learned to quit asking for things because he knows my answer is always “SAVE UP!” This is how we should be teaching our kids…it was the way I learned also.

]]> By: Heidi http://beingfrugal.net/2007/08/08/credit-cards-for-kids/comment-page-1/#comment-48 Heidi Wed, 08 Aug 2007 19:31:48 +0000 http://beingfrugal.net/2007/08/08/credit-cards-for-kids/#comment-48 Well, I am skeptical too, but then again, I never got an allowance. I would say that since debit cards are a way of life right now, we might as well teach our kids about reality. Well, I am skeptical too, but then again, I never got an allowance.

I would say that since debit cards are a way of life right now, we might as well teach our kids about reality.

]]> By: boomeyers http://beingfrugal.net/2007/08/08/credit-cards-for-kids/comment-page-1/#comment-47 boomeyers Wed, 08 Aug 2007 16:25:10 +0000 http://beingfrugal.net/2007/08/08/credit-cards-for-kids/#comment-47 I would think that first we would have to teach our kids to be responsible for CASH, then move on to credit cards. I have a 14 and 12 year olds and they have to pay for most of their own stuff, by SAVING for it! Novel idea, eh? :) I would think that first we would have to teach our kids to be responsible for CASH, then move on to credit cards. I have a 14 and 12 year olds and they have to pay for most of their own stuff, by SAVING for it! Novel idea, eh? :)

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