HINTS FROM HELOISE: Teaching children lessons on finances
DEAR HELOISE: Regarding the post from Victoria R., in Kingston, New York, as a single mother, I found it difficult and tedious to take my early teens school shopping. I added them both to a designated credit card, and I gave them a limit and a list of what they needed to purchase! They did great! Not only did this method teach them to budget, they now had a viable credit history. It was a great learning lesson. We’re now doing this for our grandchildren. — T.C.S., via email T.C.S., it’s a good idea as long as they don’t overspend. It’s important that you give them ...