Kids and Credit Card Debt
Did you know that overall, Americans owe eight hundred and seven billion dollars across almost five hundred and six million credit card accounts? As parents of children and teens, this reality should serve as a catalyst to discuss wise spending habits with a generation of kids who grow up thinking and spending as if piling up debt is normal. Credit card companies are actively seeking out our kids. I hear from many parents that their kids receive pre-approved credit card offers in the mail. For the most part, we know that developing good credit is important for living in today’s economy. But if we aren’t taking the time to teach our kids principles of good and Godly stewardship, we might be setting them up for a lifetime of materialistic idolatry and financial difficulties. Be aware of the ways your kids are being led into the dangerous lifestyle of materialism, reminding them they are stewards of God’s money.