Teaching Our Teens The Danger Of Paying Only The Minimum Payment
Knowing how to handle credit is extremely important but it’s not a lesson that your kids are likely to learn in school so it’s crucial that we as parents educate them on the dangers of paying only the minimum monthly payments on credit cards.
Money management is best taught hands on. Your teen may be at that point in their life where they’re working and receiving a paycheque. This is a great time to help your teen open a chequing account which will teach them how to write cheques …