Remember playing the game of business as a kid? Money on credit was easily available for the players. Well, the reality is not too different today.
Credit cards are being offered to students’ right out of college. This renders it important on the list of topics parents must discuss with their children.
Credit cards were not a very common phenomenon in our parents’ generation. Maybe that’s why they never felt the need to talk to us about it. Over time, spending power has increased and so has the means to spend.
While experience does teach us lessons the hard way, these need to be shared with the next generation. So here is what every first time credit card user must know.