With spring break rapidly approaching, is your teen credit card savvy? We’re all constantly bombarded with the message to buy, buy, buy. Many young people, raised on instant gratification have little or no knowledge of financial planning.
The “buy now, pay later” mentality has landed many teens in financial hot water and caused serious damaged their credit ratings, which can impact future plans such as buying that first car or getting a student loan, even renting an apartment. For more information on how to help prepare your teen visit canadianliving.com