Derek Miser: Are There Benefits To Adding Kids To Credit Card Debt?

Giving a kid a credit card seems like a bad idea all the way around but what if there were some benefits. We all know that our kids are going to not only need money for expenses while away from the parents, but also giving them cash is sometimes dangerous. But what if there were a benefit to all this? What if giving a child a credit card with a very low limit and teaching them to pay it off promptly? Well, that’s just what many financial advisors are touting. Derek Miser, Chief Managing Member of Miser Wealth Partners in Knoxville and Tellico Village, Tennessee, offers advice on this concept and why it can be very dangerous. Click the pdf below and read for yourself.

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