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Teaching Your Kids about Credit Cards

Updated on January 4, 2011

Kids and Credit Cards

First off I would like to say that I have seldom seen anyone use a credit card responsibility. How can you justify buying something on sale that you are going to be paying 25% interest on over the next few months. I have seen publications that try to teach you how to use credit responsibility. First off if you are using a credit card for your daily shopping like I see many people doing you are playing a losing game. You cant teach your kids how to use credit responsibility if you are whipping out the credit card every time you want to eat something.

My children learned early in life that if you wanted something that it is best to save and work for it. What? Yes! Now I know that Mom and Dad can just go out and buy what ever they want thinking that they will be able to pay it of sometime in the future. How many people have you ever seen that live like that ever pay off their debts. Sure if the do a Chapter 7 they might.

This is a recent example of how our family works. We don't use credit cards and if we want something we also will not normally dip into our savings to buy it. My daughter wanted a Wii, most Dads probably would have gone off their saving schedule to buy the Wii for Christmas. Or even whipped pout a credit card. Call me what you will but I said we should recycle and save up for the Wii.

It took 2 months and we picked up almost $150.00 worth of cans, bottles and plastic. Yesterday we found that Wii and bought it. But now we need a TV Ha ha ! Because we didnt need one before.

So in my book teaching your kids not to use Credit Cards is the very best option. With the internet now anyone can create an residual income just by sharing your life experiences. My daughter and wife are on hub pages and are learning to create a residual income by writing.

The biggest favor ever that you can do for your children is to teach them to not use credit cards in anyway. What for ?? Teach them to be creative and not to go with the crowd and you will find that your children will grow up and not be trapped by debt.

People will tell you that you need good credit to buy a house get a job etc. In this society the quickest way to feel like you are not free is to create debt. Look around how many people do you see with a smile on their faces ??


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  • profile image

    Marcella Glenn 7 years ago from PA

    Thumbs-up on this hub. Smiles.

  • Simone Smith profile image

    Simone Haruko Smith 7 years ago from San Francisco

    It's amazing what a difference teaching kids about credit cards can make when it comes to responsible behavior down the line. Thanks for writing this hub.