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Now, the idea of the credit card came up recently when parents started realizing that sending the children into the world with cash on them became a bit dangerous. We all know that there are a lot of bad people in the whole, and those people will not think twice about hurting your young one for a few measly dollars.
This is why professionals recommended that you give you child the money in the form of a credit card. Now, you can make it a credit that only has a small amount of money on it, or even a preloaded credit card. A pre loaded credit card is said to be the best bet for first timers.
A preloaded credit card allows you to mediate and manipulate the amount of money going into the card on a weekly basis. So if your give your child a hundred dollars a week, then that is all the card will have loaded onto it.
With a credit card like this, it is exactly the same as giving your child the money you would on a weekly basis. It is only safer than doing it in cash, because they will not be walking around with $100 in their wallets, but with a piece of plastic.
Doing it this way will also teach them about handling money quicker. You should make it known that the money on the card should last the week, and if it does not, there is not more money until the following week, which means that your child will have to go without money for the rest of the week if the money is used up by Tuesday.
With young children a Disney credit card is a great bet, because they come printed with almost of the Disney characters, which will make it fun and exciting for the child. They are growing up, they are becoming responsible, but they are doing it in a fun way, and who said that responsibility cannot be fun?
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