I don't buy your axiom

Sign up, and CougarBoard will remember which categories you want to view. Sign up

Report problem with this ad

Feb 8, 2016
4:04:58pm

donnerstag All-American

I don't buy your axiom

You have complete control over what you spend your money on. The means by which you buy things is not relevant.

Report problem with this ad

donnerstag

Bio page: donnerstag
Joined: Feb 22, 2005
Last login: Apr 20, 2024
Total posts: 38,873 (680 FO)

Report problem with this ad

Messages

Author

Time

Looking for a credit card for my 16 year old. Any ideas?

Born2Fish

2/8/16 3:33pm

I have one. Put the crack pipe down.

Coach's Dad

2/8/16 3:34pm

Learning to deal with credit cards before adulthood is a great idea

donnerstag

2/8/16 3:39pm

No way man, I'm not putting it down.

Born2Fish

2/8/16 6:42pm

Horrible idea. Get him a debit card.

WhyKnot

2/8/16 3:35pm

Yup. Once I got trained on the debit card it was easy to go to credit.

Bert609

2/8/16 3:37pm

What if your entire focus in spending is getting credit card rewards?

donnerstag

2/8/16 3:42pm

No kidding. We had $1000 cash in Disneyland which was a huge boon for us

Bert609

2/8/16 3:45pm

I've heard Dave Ramsey say that his advice about credit cards is for people without financial discipline.

El Jefe

2/8/16 3:53pm

Yep. The rewards can be amazing

donnerstag

2/8/16 3:55pm

Especially for a 16 yr old!!! Get him a debit. (for OP)

kurda

2/8/16 4:15pm

You'll spend more using a credit card than you will cash/debit.

WhyKnot

2/8/16 4:01pm

I don't buy your axiom

donnerstag

2/8/16 4:04pm

It's a psychological thing, and it's been proven in studies.

El Jefe

2/8/16 4:13pm

It's certainly good to understand that trap

donnerstag

2/8/16 4:18pm

Never had El Jefe back me,...I guess I'll have a Budweiser and call it a career.

WhyKnot

2/8/16 4:36pm

since this is true - isn't is best that they learn these lessons of discipline when they are young and dealing with

HarlemCoug

2/8/16 4:39pm

No, get a savings secured credit card. That will build credit and does the same

workindev

2/8/16 3:54pm

Not a big fan of debit cards, I hardly ever use mine.

Born2Fish

2/8/16 6:44pm

Same here. I think debit cards are dumb.

cheezedawg

2/8/16 6:53pm

extremely bad idea

2/8/16 3:38pm

It probably depends on the kid

cheezedawg

2/8/16 3:46pm

I added a checking account for each kid tied to mine and 15-23 year olds have

Fdnman

2/8/16 3:43pm

I gave my teens American Express Serve debit cards. I deposit cash into my

Cougar-Duck

2/8/16 3:50pm

I think giving teenagers a credit card is a really good idea. You can set the limit. Let them make mistakes when the

HarlemCoug

2/8/16 3:59pm

Yup. I got my first credit card in high school.

workindev

2/8/16 4:01pm

Chase Freedom is awesome for the youths

TheismanHill1911

2/8/16 4:03pm

Credit card is a great idea, at 25 I had a perfect credit history with 10 years

gww687

2/8/16 4:04pm

Get a pre-paid debit card from PayPal. You have great control and visibility

VegasCoug

2/8/16 4:04pm

Dont you have to be 18 to get a CC?

CBaass

2/9/16 5:34am

With a cosigner you can get them whenever. If the minor defaults then the company goes after the guarantor.

HarlemCoug

2/9/16 8:42am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad