There are many reasons that youth shouldn't be able to attain a credit card. The most prominent one would be that youth are really good at spending money that isn't theres and money that they most likely won't have to pay back.
I remember the first time I got a credit card when I was 20 years old. I hadn't had the card but for a few days before I had bought a taylor guitar ($1,500), a new tv ($250), and a DVD player ($100). Immediately I was in debt with frivolous purchases and with not very much money to pay for these things.
I bought those things on my credit card because I had seen my parents use credit cards countless times while not seeing the less glamourous side of them writing the check to pay the bill. Now I wouldn't for a minute use a credit card to buy a single thing! I hate debt!
This is why it is important to teach sound financial principles to youth. This is a subject that we must be intentional about. Your new car didn't appear out of nowhere!
John Wesley the founder of the United Methodist faith says, "Earn all you can, give all you can, and save all you can." Notice he doesn't say spend all you can.
I believe that these principles are learned. And I believe that youth can begin to live out these principles in their life now and not later! Richard Cassidy will be leading us this Sunday in this discussion! I can not wait.
Starting on April 28th will will be focusing on the subject of Bullying to end out the year. The youth devotionals for May and June will be focusing on Bullying and the type of life Jesus calls us to, to defeat such a trend.
See your youth Sunday!
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