July 18, 2023

Should you give your kid a debit or credit card?

It’s smart for parents to teach their children – even at younger ages – about financial responsibilities, the importance of saving money and how to spend cash carefully. When you feel the time is right, allowing your age-appropriate child to use a credit card or debit card can be a good way to build proper spending and credit habits.

Explore how a credit card designed for kids works, different debit cards for children to check out, the pros and cons of a credit or debit card for your daughter or son, and the benefits of teaching financial responsibility to our offspring by reading my newest article for Bankrate, available here.