Take the opportunity to teach healthy habits while your teen's credit slate is clean. Consider giving your teen hands-on experiences so they can learn how to use a credit card safely and effectively. Teaching teens credit responsibility can build a lifetime of good credit habits.A...
Find out how to keep your teenager safe online. Learn about the top online threats for teens, and use our tips to protect your child from internet dangers.
Fortunately, there are plenty of ways to help your kids navigate the world of credit, many of which can be done before your child is even old enough to know what a credit card is. It all starts with parents asking themselves one question: Do I know how to build my child’s credit?
Teenagers can build good credit by learning responsible financial habits, obtaining a credit card and using it wisely. Typically, teens must ask parents to co-sign, or else they must get a secured card or become authorized users on a parent's card. By law, a person under 21 must demonstra...
Build a team 01. Brainstorm and refine your business idea You might already have a great business idea that you can’t wait to start, or maybe you’re still in the early brainstorming stages of finding your niche. If the latter applies to you, think about what you’re passionate about...
Horta-Granados says some parents find it difficult to let go and allow teens to navigate this process alongside them, but those who do often see a better outcome. “Listening to your child's opinion does not make you lose authority,” she says. “Nor does it automatically mean that only ...
Credit can be life-saving when you are in dire need of something but are short on finances. Advancing it to your kids whenever they want to spend more than they’ve saved is an excellent idea. Your aim shouldn’t be to help them purchase the item but see how they handle credit. ...
SEE ALSO:How to talk to kids and teens about porn 4. Prepare your talking points and use specific language It's important to have talking points you can rely on during difficult conversations. The more prepared you are the better, and the more likely you'll stay on topic. ...
How Should Parents Teach Teens About Credit Cards?Nancy Trejos
"Malaya," a high school junior, is one of many teens and young adults who have described the horror of discovering their parents' social media pages for the first time as an adolescent. "I was not happy, because of course moms always have to post the most unflattering pictures," she sai...