When I say parents can give credit cards to students, I’m
not focusing on students getting credit cards.
I’m focusing on parents
taking charge of their children’s financial well-being and future.
Don’t just give it to them, teach them what it is and how to use it properly.
is an ineffective response to something that will not be avoided. Waiting, on it’s own, will not guarantee a better outcome.
And if our children will eventually end up with credit cards (and they most likely will if the parents have one themselves), then it’s much better to be proactive and teach them the right habits.
But how can we do that?
Just giving them a credit card and “winging it” would be fatal (financially speaking). That’s no different than just waiting for them to get jobs and get one on their own.
Instead we have to be systematic about it.