Oct 142011
In Sunday’s Rationally Selfish Webcast, I discussed teaching young people to use credit cards wisely. The question was:
How can young adults learn to use credit cards responsibly? Some young adults (usually college students) seem to make terrible financial decisions, often getting themselves into serious and overwhelming credit card debt. Others seem to handle their new financial responsibilities just fine. How would you recommend that parents teach their teenage children to use credit cards wisely? What advice would you give to young people headed to college about managing their finances well?
Here’s the video of my answer:
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