Kids And Credit Cards. When Should They Meet? - KALB-TV News Channel 5 & CBS 2

Kids And Credit Cards. When Should They Meet?

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When is the best time to teach your children about using credit cards? Although kids mature at different rates, the earlier you can teach your kids about money and credit, the better.

Experts say a good way to get your kids familiar with the use of a credit card is to actually make them an authorized user on one of your accounts. Of course, you will want to set rules and limits about when it is proper to use the card and how much your child may put on the card. Then at the end of each month, go over the credit card statement with your child.

The important thing is to arm kids with as much information as possible so they can learn how to become responsible credit card users in the future.

 

 

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