MoneyTalksNews asked:
Want your teen to learn to use credit without risking a debt dilemma? Get a credit card with training wheels.
Anita
Dennis
@FuckTheReason it’s read the fine-print (=das Kleingedruckte) i think
Comment by Jessie — August 14, 2010 @ 6:15 pm
Stacy
sry i’m german what does he say @ 1:31 about “read the… “
Comment by Sandra — August 16, 2010 @ 11:11 pm
Joseph
I just turned twelve. I don’t believe my mom will allow me to have a credit card when I grow up.I agree with her, because
THERE ARE DEBIT CARDS TOO!!!1!one!!!!!!11
Comment by Constance — August 17, 2010 @ 1:38 am
Anthony
Had a credit card and a bank account before I had a job. Balance was always paid. When I got job balance was always paid. If you teach your children they will normally turn out fine. Don’t treat you kid like an idiot and make sure they don’t think like one.
Comment by Marc — August 18, 2010 @ 12:04 am
Javier
LOL, had a card before a job. Had a bank account before a job. Just freaking simple. Don’t spend money you don’t have unless you have to.
Comment by Lance — August 19, 2010 @ 4:45 pm
Emma
I made some ‘stupid’ purchases, but I’ve never been broke. My bills are always paid and I ‘normally’ currently (subject to change of budget) 15% – 20% of my earnings in some form of investment/savings. Many people live paycheck-to-paycheck on purpose. Others can’t help it.
Comment by Hector — August 20, 2010 @ 1:46 am
Randy
What a spoiled little girl you are. Learn how to spend you mother’s money now. So you will not make the same mistakes most 18 year olds make.
Comment by Gerald — August 22, 2010 @ 9:24 pm
Gail
My mom pays
Comment by Frederick — August 23, 2010 @ 6:37 pm
Ann
And who is paying for this card you or your parents?
Comment by Diane — August 24, 2010 @ 10:12 am
Nathaniel
Me too. I have a job that I’ve held for 1.5 years, I’ve gotten 3 raises, I’ve had a debit card since I got the job and never overdrawn or even let the balance fall below about $250. I don’t understand how people can just spend without understanding the implications.
Comment by Gertrude — August 24, 2010 @ 2:23 pm
Jean
ohhhhhhhhhhhh someone just got burnt
Comment by Reginald — August 25, 2010 @ 4:05 pm
Rafael
I managed a debit card at 16, deposited any allowance I got, kept track of how much I spent, etc. Not a single overdrawn.
It all depends on the teenager, though you’re likely right about 95% of the teenage population. But your comment just sounded hateful.
Comment by Shane — August 26, 2010 @ 7:41 pm
Roland
teenagers dont know how to manage money, thats why they dont deserve credit cards. mommy and daddy pay them off. you should at earliest be able to get a credit card at age 18. instead all these people build up a “false” credit score and then **** over the rest of the economy in the future
Comment by Timothy — August 27, 2010 @ 5:58 pm
Pamela
I’m 13 now and i got my credit card at age 11
Comment by Marlene — August 29, 2010 @ 8:42 am
Douglas
thanks, stacy.
Comment by Luis — August 31, 2010 @ 2:08 pm
Jesus
yay
Comment by Phyllis — September 1, 2010 @ 6:44 pm
Frances
That’s why I just stick to old fashioned cash. Easier for me anyways.
Comment by Claude — September 4, 2010 @ 4:00 am
Shannon
I use a PrePaid card myself, it’s great. I know how much money is in there and how much I spend.
Something similar to a debit card. Although it’s great if you don’t have a bank account.
Comment by Roberta — September 6, 2010 @ 1:45 am
Tracy
I just havent heard of a dude with the name Stacy.
Comment by June — September 7, 2010 @ 6:21 pm
Edgar
credit cards are great if used properly. you save money (normally 1%, but up to 5%, especially on certain things like gas&groceries)
as long as you only spend what money you know you can pay off at the end of the month, its a great tool. it saves you money, keeps you from having to carry a bunch of cash, and can be used online. the only problem is the majority of people, sadly, who spend more money than they have to pay it off and then get stuck with 18% interest
Comment by Carolyn — September 10, 2010 @ 7:15 am
Vivian
yeah, his names stacy. it even says it on the screen. whats the big deal about being stacy? lots of guys have names that everyone thinks of as “girl names”
Comment by Stephanie — September 11, 2010 @ 4:16 am
Tamara
That’s what I did, works great
Comment by Veronica — September 14, 2010 @ 4:00 am
Arnold
uh wait a second, did the dude just say his name was Stacy Johnson?
Comment by Roland — September 17, 2010 @ 2:13 am
Beverly
Why don’t they just give them a debit card. That way it’s got a fixed amount.
Comment by Dolores — September 19, 2010 @ 11:50 pm
Leon
Which is why you give them debit cards instead which give them the feel while having a fixed amount so they don’t overstock the debt.
Comment by Yolanda — September 20, 2010 @ 6:20 am