Credit Cards for Teens?

Ultimately this YOUR decision, but here are a couple articles that provide food for thought and discussion.

According to Lucy Lazarony of www.bankrate.com, in her article, "Start now to teach pre-college teens good credit management" ...

"Experts point out that it is far better for teens to learn the ins-and-outs of credit and money management with a low limit card while living at home -- when the parents are there to step in if necessary -- than later on when they are struggling with the demands of college or a first job.

"If they're going to make a mistake this would be the time to do it," said Charlotte Newton, a vice president of consumer affairs at MasterCard."

You may also find Liz Pullman Weston's article, "Teach your teen how to handle credit cards" posted on www.moneycentral.msn.com, interesting.  She begins with ...

"Like it or not, credit is part of life, and your children need to learn smart ways to manage it. These strategies will ensure your kids get the right start, and dont wind up with bad habits."