How do you teach your teenager about credit card management?
I notice many teenagers (18 and over) get their first credit card when they start their jobs. But I also see how they go crazy buying things, going over the limit and even not making payments in time which ruins their credit.
Is there a way to teach this youth how to avoid such chaos? Any books on the subject, tapes they can hear, etc….
My son will be turning 18 and can’t wait for his first credit card and I wish to teach him as to the responsibility it entails. But children hardly listen to their parents, what material, if any, can I made available to him.