I know they look awkward, but your teen is capable of so much more than you are probably giving them credit for. They need to learn how to be fiscally responsible, and if you don’t teach them the banks and credit card companies will. They’re going to learn it on the streets anyway… so shouldn’t you be the one to show them the way? One thing you can teach them is how to use a checkbook, because they aren’t teaching it in school anymore that’s for sure!
Change: We all hate it but without it our lives would be pretty boring. It’s the stuff of dreams and the stuff of nightmares. Presidential platforms have been built around it and support groups have been built upon it. I’ve been on this earth now for 35 years and it’s amazing what staple markets have changed dramatically just in that short time. Look at this list.
If you haven’t noticed, the market has responded even more to the payment mentality. I’m not just talking about the classic “fruit of the month” club, but also everything from razors to HBO are now available for one easy low monthly payment. This can be an easy and affordable way to get just as much as you need, but it can also be a huge area for impulse spending. How can we keep ourselves from drowning in a pile of payments?