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CANADA: Giving teens a credit card early may teach important financial lessons

Author: External Author | | Categories: Auto Finance , Auto Loan , Bad Credit Auto Financing , Bad Credit Car Loan , Buy Used Car , Car Accessories Financing , Car Dealer Service , Car Insurance Referral , Car Loan , Car Repair Financing

TORONTO — For teens finishing off their last years of high school, some financial experts say parents may want to consider an unlikely tool to prepare them for the adult world: a credit card. Giving teens access to credit, with guidance, may be a way to teach them how to handle it before they leave home for post-secondary schooling, and are bombarded with card offers.

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Original Article Source Credits: NewmarketToday,https://www.newmarkettoday.ca

Article Written By Canadian Press

Original Article Posted on : Sep 6, 2019

Link to Original Article: https://www.newmarkettoday.ca/local-news/canada-giving-teens-a-credit-card-early-may-teach-important-financial-lessons-1675582
 

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