Y3K Tutor In Your Home

Money & Kids #4: Credit Cards

March 11, 2018 By Y3K

Teach your kids how credit cards work. Most children view credit cards as free money which isn’t true so the sooner you can get them out of that mentality, the better of they will be in the future.

Review with them how the money must be paid back and how interest works. Make sure you also explain how some adults get trapped with debt by only making minimum monthly payments. Show them how different cards offer different interest rates.

Filed Under: Articles Tagged With: children, kids, money, parenting

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