So I was hanging out with my BFF last night and she told me that her fiance's grandma opened her DD a bank account (savings) that she is putting money into for her (thats sweet to me), but also, that they got DD a credit card with a $500 limit on it so when she gets older and wants to go shopping she can spend her "own"money. My BFF said she didnt know how to feel about all that, she knows they are just really sweet and generous people, but she doesnt know if she likes the idea of the credit card (The grandparents are the ones who will be paying the bill, their idea). I told her I didnt know how I'd feel either...
So I bring it to Cafemom... What would you do?
Answer by ohwrite at 3:34 PM on Dec. 13, 2010
I think thats teaching a child that they get whatever they want without working for it.... I understand the savings account but not the CC, thats over the top. Giving kids an allowance (because they worked for it) and letting them spend their own money helps to teach responsibility, and giving them a CC doesn't. IMO
Answer by bjojola at 3:35 PM on Dec. 13, 2010
Answer by AllAboutKeeley at 3:35 PM on Dec. 13, 2010
Answer by 405mom at 3:36 PM on Dec. 13, 2010
Answer by Joyzap2003 at 3:39 PM on Dec. 13, 2010
Answer by SolaraDarkset at 3:42 PM on Dec. 13, 2010
Answer by thatgirl70 at 3:48 PM on Dec. 13, 2010
The savings account is a great idea. The credit card is just ridiculous to me. JMO
Answer by Shines3 at 3:50 PM on Dec. 13, 2010
Answer by terpmama at 3:54 PM on Dec. 13, 2010
Answer by 2prettylittle1s at 3:55 PM on Dec. 13, 2010
Next question overall
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