There are a wide variety of opinions on the ownership and use of credit cards. Some believe that credit cards are evil and should not be owned under any circumstances. Others believe that there is much good in credit cards and they should be used regularly. Still others are under the impression that credit cards should be used only in emergencies and some within that group go as far as freezing their credit cards in ice when not in use. Teenagers, and here we will be defining teenagers as students in late high school and early college, as well as their parents, are especially concerned with the ownership and use of credit cards. These students are about to graduate, or have graduated from, high school and are starting to venture into the real world for the first time. As this happens, they will be assailed with many new experiences and responsibilities. They will also face all sorts of propaganda trying to get them to buy as much as possible with the limited funds they have. Bills are a new experience and responsibility for students who are leaving their parents homes and shelter that can be quite overwhelming. The responsibility of paying bills on time to avoid late fees, as well as getting a job to be able to pay their bills, are of major concern. With this new responsibility, credit cards are attractive to teenagers who want to buy now and pay later allowing them to better manage their expenses with their income they are earning. Teenagers should be able to utilize the benefits of owning and using credit cards if they are taught the necessary risks and responsibility associated with credit card ownership.
Images from: Above: http://www.usatoday.com/story/money/columnist/tompor/2013/04/20/prepaid-teen-credit-fees-overdraft/2090351/
Below: http://life.familyeducation.com/slideshow/teen/65638.html?page=2
Images from: Above: http://www.usatoday.com/story/money/columnist/tompor/2013/04/20/prepaid-teen-credit-fees-overdraft/2090351/
Below: http://life.familyeducation.com/slideshow/teen/65638.html?page=2