I recently wrote an article on teens and saving. I think I need to write one for teens and credit. We really need to educate our teens on how to use credit. How to find low rate apr credit cards. How to use the credit wisely. I really wish someone had talked to me about this when I was younger. The ins and outs of using credit wisely. A low interest credit card is a great start though. You don’t have to settle for one of those through the roof companies. Find a low rate apr credit card first. Use it WISELY. This puts you well on your way to a great financial future.

Resist those impulse buys. Pay more than the minimum balance. Do not carry more than 75% of your credit limit. This means that if your limit is $1000, never have more than $750 balance on your card. And never make a late payment.

Teach your teens, and lead by example!