It’s graduation season, and many high schoolers and their parents are preparing for the next steps. Whether your high school grad is going to college, taking a gap year, or is ready to jump into the workforce, now is the perfect time to teach them essential personal finance skills to help them succeed in adulthood. Despite their importance, financial skills typically aren’t taught in the high school classroom.
While some parents may fear their teens opening a credit card due to the dangers of overspending and falling into expensive credit card debt, learning how to use credit cards with care in early adulthood can be advantageous. Here are a few good reasons for high school grads to open a credit card now rather than waiting until later in their 20s.
Save: This credit card has one of the longest intro 0% interest periods around