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Beaded Lanyards and Eyeglass Chains in the style of Coco Chanel
The Fall-Winter collections of 2005 were occupied with a revival
of Coco Chanel's classical styles. This revival included a
plethora of Bloomsbury fabrics, tweeds, tartans, and equestrian
suits. The classical Chanel look includes simple...
DORMMATES- LVING WITH OTHERS CAN BE TOUGH
Living on campus is very different from living with your immediate family. You may not know your roommates very well. You may come from different parts of the country, or different parts of the world. Your roommates may have different cultures,...
My Son's Teacher was a Bully
When my son was in sixth grade, he came home with a rip in his new sneakers. He told me the gym teacher did it during a sneaker check. It sounded like a fib, or at best, an accident on the teacher's part, but I needed to clarify things. "You mean...
Preventing Obesity in Young Children
Do you have a young child whose weight or eating habits are out of control? Need some real world help with ‘taming the cookie monster'? Here are some things that worked for our family.
Our daughter, now 14 years old, was plump from birth and...
The Desired Effect of Music On Child: Transform Him or Her Into An Angel!
To get your kids to listen to child music is a powerful way to enhance the time your kids play with toys. Perhaps you are thinking of buying music to enhance your child’s play space. You might be asking: What music should I buy for my child?...
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TEENAGERS AND CREDIT CARDS
If you have a teenage son or daughter you can be sure they are getting offers for credit cards. And while we all know how important having a credit card is in case of an emergency, it is just as important to make sure your child understands the responsibilities having a credit card brings. So take a few moments to talk to your children before they sign on the dotted line. Make sure they are aware of:
• The annual percentage rate.
• What is the grace period?
• If you are late how much is the late fee?
• What happens if you go over the limit?
• How is the minimum payment figured?
Then you need to set the ground rules. How is this card going to be used – for emergencies only, gas or for all general purchases? What is their spending limit? Who is going to pay the bill –will you each contribute and if so what percentage? Where will the child’s money come from –summer job or after school job? And if the latter, how will this affect studying, homework or participating in after school activities?
Most importantly, make sure your child fully understands that his payment history on this card and all future credit
extensions will directly impact their credit report. Impress upon them the need to keep their credit score as high as possible, not only to help obtain additional credit when they need it, but to obtain the most favorable interest rates possible. Besides affecting their credit, they also should be made aware that their credit report can impact many other facets of their life; for instance their ability to get a job, get into college, get housing, or enter and remain in the Armed Forces. So before they assume the responsibility of accepting a credit card, make sure they fully realize the need to treat it with the utmost respect and are aware that, whether good or bad, their credit history will have a major affect on many areas of their adult life.
About the Author
The Credit Counseling Foundation, Inc
provides web-based education and personalized consumer credit counseling to clients
and the general public in an effort to help consumers use credit wisely. Visit
us at www.godebtfree.com
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