How to Money cover image

Ask HTM - Prepaid College Plans, Maturing Savings Bonds, & Settling the Roth vs Trad 401k Debate #694

How to Money

00:00

How to Encourage Your Child to Use Credit Cards Wisely

Matt Welch: If you have a kid who doesn't have the ability to get a credit card because they're too young, start talking to them about what it means to use credit well. He says Tara can and probably should encourage her son to use that credit card to pay for maybe just one expense in his life. Welch: I think from a behavioral standpoint, this will help him start building his credit history. And then he'll be keeping that utilization low at the same time, building up his credit score.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app