“Giving your kid a credit card can be like giving them a car. If it goes well, they learn about being a responsible adult. If it goes poorly, it will cost you thousands of dollars. They’ll still learn a valuable lesson, but a harsh one.” — Anon.
P A R E N T A L D I S C R E T I O N A D V I S E D
Are parents being responsible when they give their preteen children a credit card instead of a weekly allowance to help them manage their weekly costs?
Last Friday I was going out the front door of my apartment complex when I looked down and noticed a bank credit card laying face down on the rug of the inner vestibule area.
When I picked it up and turned it face up towards me I noticed there was an expiration date and security code on the back of the card and a customer identification number on the front. There was no customer name anywhere on the card.
As I was debating what to do with the lost card an automobile pulled into the lot and without almost stopping the driver’s door flung open and a young man rushed toward me as I was still standing in the doorway.
I think he was a neighbor but am not certain.
“Did you find a credit card?’ he asked me in a gruff and imposing manner.
“Did you lose one?” I retorted in an equally gruff and suspicious manner.
Since there was no name on the card and the man seemed anxious and perturbed I assumed he had lost the card.
I told him I had just picked up the card and was about to take it into the rental office for safe keeping.
I handed him the card and his cold stare did not vary nor did he say thank you for my finding the card.
As I walked past his vehicle I saw him give the card to a little blonde haired girl who appeared to be no older than seven or eight years old. She took the card and kept clutching the doll in her right hand.
The man backed up his car and left the lot without bothering to even acknowledge my presence there.
At that moment I wondered what type of parent gives their young child a bank charge card to use?
Would you give your pre teenage child a card to use instead of a weekly allowance?
Are children that young capable of being responsible for the safe keeping of their cards?
I think this guy was an alpha male who had too many bowls of Alpha Bits cereal for his own good and the sugar rush was taking charge of his common sense.
Anyway, your opinion is welcomed on this one.
Giving children a reasonable weekly allowance makes more sense than entrusting them with a financial instrument that opens the doors to your bank account and ruin your good credit name.