Teaching Teens How to Use Credit Cards Responsibly
Teaching your teen to handle their finances will set them up for future success. Giving them a credit card can help them learn how to handle their expenses responsibly.
This video suggests ways to teach your child financial responsibility with a credit card. One option is to secure a credit card for your teen from your existing credit card company. Get a card with a small limit of one or two hundred dollars. This will provide your child some freedom without causing you undue stress.
At GCS Credit Union , we offer great rates on our Visa credit cards! You can find out more about opening a credit and debit card account with us by calling (618) 797-7993 today. We invite you to check out our blog for more tips on raising your children to be financially responsible.