According to the Obama administration, it’s younger than the age of 21. A recent article in the New York Times talks about the new legislation slated to go into effect regarding the accessibility — or lack thereof — of credit cards for teenagers and those in their early 20s, and how parents should teach their children about money management.
Tag Archives: credit card
I hope everyone had a very merry Christmas, got everything they wanted, enjoyed time with family, and stuffed themselves with tons of delicious food. I know I did. My stomach hates me, but it’s well worth it.
Anyway, even though it was a short week, there were a couple of stories that hit home and can help you as you begin to make your resolutions for 2010.
So, what’s really in a word? When you whip out your Capital One card to pay for groceries at a supermarket, what do you tell yourself you’re doing? Charging it?
Sure, you’re using a credit card to do it, but you’re charging it … right?
Well, maybe. But know that there is, in fact, a difference between a charge card and a credit card.
Hey, it’s time to give credit cards their due. They can be tremendously valuable to you — if you know how to use them properly.
Many Americans are mired in credit card debt, and with interest rates that can make you go batty, it could take years for you to dig out of a hole you dug for yourself buy charging recklessly and then only paying $10-$15 minimum monthly payments.
If you find yourself mired in credit card debt and struggling to make ends meet despite holding a full-time job, start budgeting today. While I provide some basics here on Living With Common Cents, there are many ways to begin. An extremely low-tech way is the envelope system, as this post talks about.
We have some more good news to kick off the latest Weekly Roundup: Americans are paying down their debts, and getting serious about cutting down on unnecessary expenses. Really. Seriously. For the better part of a year now!
Both EzineArticles.com and Associated Content have picked up additional posts I wrote earlier and published them on their respective Web sites. Feel free to visit the links below or search within my blog if you’d like to take another look.