Channel Button

There are 139 articles on this title. You are reading the article ranked and rated #8 by Helium's members.

Debate_icon

Personal Finance   >

Credit Cards

Get a Widget for this title

Should teens have credit cards?

Results so far:

Yes
26% 449 votes Total: 1735 votes
No
74% 1286 votes

use the word emergency to frequently and not for things that others would consider to be an emergency (such as that dress for the dance!), real emergencies still happen. There are times when the car dies, you get lost, or there is some other need that has to be taken care of now and there is nothing easier then being able to take care of those things as they come up. Often this requires teaching the true meaning of the word to the teen, but it can be done and the credit card can become a viable tool at such times.

It is important that there be a few things established here. First of all, if a teen has a credit card, it should be one in their name, one that they get the bill for, and one that helps their credit (or hurts it). You aren't teaching them the things they need to know by giving them your plastic so they always have money and they never mind spending it. It is also important that this responsibility comes with a great deal of information provided by you. You can include your experiences if you ended up with messed up credit (or have it now). You have to teach them to be responsible and to take care of their credit very carefully. After all, this could be a blessing or a curse, and it is your job as parent to make sure it is indeed a blessing.

Learn more about this author, Danelle Karth.
Contact this writer Click here to send this author comments or questions.


Below are the top articles rated and ranked by Helium members on:

Should teens have credit cards?

Yes
  • 1 of 62

    by Gary Brents

    I believe that any lesson's on finance, which allowing your child to grow, is a positive. Most professionals in the field

    read more

  • 2 of 62

    by Charlets

    Credit cards are for anyone who knows to budget financial needs.You can be young or teenagers but if you are good in managing

    read more

No
  • 1 of 77

    by R.A. Scott

    Credit is a horrible thing. I personally detest credit and refuse to have credit cards or any other kind of credit save for

    read more

  • 2 of 77

    by Jan Renders

    "She/he knows the price of everything and the value of nothing". Ring any bells? This is the ultimate price we pay for allowing

    read more

Add your voice

Know something about Should teens have credit cards??
We want to hear your view. Write_penWrite now!

Difference of opinion? Debate now.
Credit Cards
Should credit card companies be targeting college students?
87017

Featured Partner

Pacific Research Institute (PRI)

The mission of the Pacific Research Institute (PRI) is to champion freedom, opportunity and personal responsibility f...more

What is Helium? | Buy Web Content | Contact Us | Privacy | User agreement | DMCA | User Tools | Help | Community | Helium’s Official Blog | Link to Helium

Helium, Inc.
200 Brickstone Square Andover, MA 01810 USA