Young consumers can use credit wisely if they're taught some important basics from the beginning. If they understand both the benefits and risks of using credit, they'll be prepared to make better decisions.
U.S. News offers a guide to start the conversation with teens about using credit cards, including how to budget and control spending, living within your means and how interest can add up quickly.
How to parents in your area talk with their teens and young adult children about credit cards? Consider visiting a credit counseling agency in your market to interview counselors and clients who are willing to talk about their situation. Or visit an area college where many students have credit cards and could explain how they use them.
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Don Dare is the face of WATE-TV's "6 On Your Side" reports in Knoxville, Tennessee.
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