Money & Happy

A decade ago, when someone asked me if a high school student should have a credit card, my answer was a resounding "no." You might say I've made a 180-degree turn to the dark side.

No, I'm not getting paid by the credit card industry. I think those companies are a potentially dangerous enemy, and you have to prepare your child to be a worthy opponent in battle. You want them to conquer this prospective foe, and transform it into a humble servant that does their bidding.

http://finance.yahoo.com/expert/article/moneyhappy/41146