Financial Tips For Your Teenager

July 8, 2010

If you have a teenager, you may be hearing these familiar refrains:

“But I NEED a credit card!”

“How am I supposed to buy gas?”

“Everyone else has one.”

It may be true that lots of your teen’s friends have credit cards. In fact, according to a survey by The Student Monitor, nearly two thirds of college students acquired their first credit card before age 19. But what if your teen just isn’t ready for the responsibility of a credit card? We have another idea.

If your teen is at least 17 years old, bring them to Matadors Community Credit Union, and have them open a Teen Savers checking account of their own, with a free Debit Card. They will have the easy “plastic” purchasing power they want, with all of these advantages:

• No monthly bills or finance charges
• No danger of running up large balances
• Worldwide acceptance – anywhere the Star, Cirrus, or Co-Op logo is displayed
• 24-hour ATM access

 
Our Debit Card provides real-life money management experience, so your teen can develop the skills they will need in college and beyond. And our checking account provides value and convenience, with no monthly fee and no minimum balance requirement. While you’re on our website, check out Elements, our teen website, that provides financial tips in the form of fun quizzes, podcasts and more!

Want more savings tips? Here is a great article on CNN Money that I highly recommend reading.

Stop by today, call us at (818) 993-6328 or visit us online to learn more.

Questions or Comments? E-mail me at blogger@matadorsmoneymatters.com.

Posted in Tips