JGI/Jamie Grill via Getty Images Parents, do you really know how your kid is spending money? Nobody would argue that it’s inappropriate for any parent to monitor and essentially spy on their 7-year-old’s spending habits. But for many parents, openly monitoring your kids’ spending is a way to teach them good habits, which may help them keep out of trouble later. This is different than co-signing for your kid’s credit card, and in many ways it’s so much better. And when her oldest daughter recently studied abroad in Dublin and got a credit card, they were made authorized users on her credit card.

Source: Huffington Post March 18, 2019 09:45 UTC