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Further
Reading ...
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Your Curious Baby: Baby's Seventh Month Guide
In baby's seventh month, he is still pretty interactive, but he is more interested in taking apart his toys (and anything else that he can lay his hands on) than just meaningless babble. The days are over when you can set your baby someplace and...
Defrazzle with a Hearty Guffaw
“The best blush to use is laughter: It put roses in your cheeks and in your soul.” Linda Knight We all know the old adage that “Laugher is the best medicine” - but what does that mean, actually? Well, research has shown that laughing can help...
Van Morrison, Spiritual Rock Star
Here I am gazing on the Web for extraordinary witnesses of enlightenment yet very popular in the entertainment realm, so that at least everybody that read newagenotebook.com could say “hey, I've seen or heard that person!” As my research focuses...
Your Home and Garden Décor: Creating Bountiful Spaces
Temperatures are on the rise and so is the anticipation to get your home ready for maximum enjoyment. It’s time to get motivated for the season. It’s always advisable to take a good hard look around every room before you begin. Make a mental list...
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TEENAGERS AND CREDIT CARDS
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Written By:
Neil Goldberg
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If you have a teenage son or daughter you can be sure they are getting offers for credit cards. And while we all know how important having a credit card is in case of an emergency, it is just as important to make sure your child understands the responsibilities having a credit card brings. So take a few moments to talk to your children before they sign on the dotted line. Make sure they are aware of:
• The annual percentage rate.
• What is the grace period?
• If you are late how much is the late fee?
• What happens if you go over the limit?
• How is the minimum payment figured?
Then you need to set the ground rules. How is this card going to be used – for emergencies only, gas or for all general purchases? What is their spending limit? Who is going to pay the bill –will you each contribute and if so what percentage? Where will the child’s money come from –summer job or after school job? And if the latter, how will this affect studying, homework or participating in after school activities?
Most importantly, make sure your child fully understands that his payment history on this card and all future credit - continued below ...
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extensions will directly impact their credit report. Impress upon them the need to keep their credit score as high as possible, not only to help obtain additional credit when they need it, but to obtain the most favorable interest rates possible. Besides affecting their credit, they also should be made aware that their credit report can impact many other facets of their life; for instance their ability to get a job, get into college, get housing, or enter and remain in the Armed Forces. So before they assume the responsibility of accepting a credit card, make sure they fully realize the need to treat it with the utmost respect and are aware that, whether good or bad, their credit history will have a major affect on many areas of their adult life.
About the Author
The Credit Counseling Foundation, Inc
provides web-based education and personalized consumer credit counseling to clients
and the general public in an effort to help consumers use credit wisely. Visit
us at www.godebtfree.com
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Chore and Reward Systems That Work
Chore and reward systems are one of the most important keys for managing the busy household. A good system can inspire children while teaching them responsibility and discipline — not to mention easing your own commitments.
The basics, a chore...
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