For a long time now, the trend has been to "go young". It's most apparent in show-business; there actually used to be a time when you had to sing/act/perform for years, if not a decade, before becoming a star. Now, if you make a big youtube hit, you're "it" - even if you aren't legally old enough to drink nor drive.
The same is true in everyday life. Children nowadays are exposed to all sorts of gadgets even before stepping foot in their first school. In fact, the question isn't
if children should have cellphones, but
when.
Which brings us to credit cards. After reading the title, you probably asked yourself "Should students have credit cards?"
And actually, one of my college classmates had one. But even if that weren't the case, my answer would be a resounding "Yes!"
At what age they acquire one depends on the parents. But if the parents have credit cards themselves, it makes a lot of sense. Responsibility is taught; it's not always a good idea to just throw them into the water and let them sink or swim.
Letting them experience this responsibility while still in a position to monitor and guide them is a great opportunity. As long as the parents themselves are responsible credit card users, then they can save their child a potentially (and needlessly) expensive lesson.
And with that, I'd like now give way to this guest post from MoneyMax.ph
Read more »%2Bcompare%2Btheir%2Breturns%2Bwith%2Bwhat%2Byou%27ll%2Bget%2Bfrom%2Ba%2Bbank.%2BBut%2Bit%2Busually%2Bgoes%2Bunsaid%2Bthat%2Bthe%2Bprimary%2Breturn%2Bof%2Binvestment%2Byou.jpg "Better Savings Accounts Pretty much any type of investment out there can (and probably will) compare their returns with what you'll get from a bank. But it usually goes unsaid that the primary \"return of investment\" you get with a bank account isn't the interest.")
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+was+created+in+2008+by+virtue+of+Republic+Act.+No.+9510,+otherwise+known+as+the+Credit+Info+.jpg "Credit Ratings and You. There's no credit rating here in the Philippines - until now that is. The Credit Information Corporation (CiC) was created in 2008 by virtue of Republic Act. No. 9510, otherwise known as the Credit Information System Act (CISA). It is a government-owned and controlled corporation that is envisioned to be the leading provider of independent, reliable and accurate credit information in the Philippines. So what the heck does that mean?")
,+phishing,+pharming,+email+spoofing,+and+various+ot.jpg "Protect Yourself From Pretexting and Internet Fraud. These days, thieves after your money are more likely to resort to pretexting (calling with a make believe story to get your info), phishing, pharming, email spoofing, and various other cans than to use the plain, old stick'em-up routine. how do you protect yourself?")
