Personal Finance Buzz

If you have a teen, have you talked to them about managing their money and making smart money decisions? If not, you are missing an opportunity to help educate your teen to make smart money decisions throughout his/her lifetime. All teens should learn basic money skills before they head off to college. Consider these important topics to talk about with your teen before s/he graduates from high school and begins her/his path of financial independence:

Should teens have credit cards? Discover Card recently introduced a prepaid credit card that could put this debate to rest once an for all...

This post includes a checkilst for parents to consider to see whether or not they and their teens are putting their best food forward to be smart money managers. It includes action items for both parents and teens, and is good food for thought!

Effective financial learning begins when children are younger. Start teaching your children about finances now, and teach them about how to properly use credit credit so that they are able to succeed.

The resources in our Credit Education Centre are designed to educate
parents and teens on the responsible use of credit cards. Our goal is
to empower the next generation of cardholders with the information
they need to use credit responsibly and prosper financially
without the burdens of excessive debt.

As you teach your children to be responsible with money, you need to make sure your lessons include information about responsible use of credit cards. Read more: http://www.creditcardscanada.ca/blog/credit-card-tips/tips-for-teaching-...