Consider meeting regularly with your teen to review charges. If this card is for more than emergency use, consider setting up regular meetings with your teen to review charges. Hands-on parents can use the monthly statements to teach teens about the costs of debt and the complexities of revolving credit.
What teens need to know about money
And, she said, not many to year-olds know what a credit score is, or why it matters. DO set boundaries on spending. Teens will be faced with daily spending decisions. Show kids monthly credit-card and telephone charges; study the checkbook and bank statement, he advises.
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Do's and don'ts when giving teens their first credit card
Creativity helps. Accordingly, it's also a family matter. Home Equity.