Top 10 Credit Card Tips for Teensby Erin Dower
Parents are increasingly allowing teens to get their own credit card. When they're used correctly, credit cards can help teens learn financial responsibility. Just be sure to prepare them with some wise tips to build good credit and prevent wild spending.
1 of 11
Don't Get One Just Because Friends Are
As with everything in your teen's life, peer pressure is a factor in her wanting a credit card. Don't allow her to have one just because her friends do. Tell her what she needs to know about credit cards before taking the plunge.
More on: Teens and Money