Just wanted to pass along a story, in case anyone else can benefit from it.
I got my first credit card when I was 16 years old (my father co-signed on it, of course). The deal was, use the credit card to buy gas for the car and he will help me pay it off at the end of the month. Sort of an allowance, while teaching me how to use a credit card responsibly.
This taught me, from day one the importance of paying off a credit card every month. I meet so many people that learned this lesson the hard way, only after moving away from home, maxing out cards, and trying to dig their way out of the worst kind of debt there is.
Please let me know if you have similar stories that have prevented you from learning financial lessons "the hard way".
Thanks again, Dad!
