Credit Card learning for families
August 23, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M One important family money matter and training opportunity for teens is the credit card talk and learning experience.
V An ideal time to talk is when they’re juniors or seniors in high school. Certainly before college, where they will be inundated with credit-card offers and are liable to spend irresponsibly. The average credit-card debt among college students recently hit an all-time high of $3,173, and 40 percent of students said that they charged items knowing they didn’t have the money to pay for them.
This may sound extreme, however, think about this: what do you call it when you take something and have no intention or means of paying for it? Theft.