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The Complete Idiot's Guide to Money for Teens by Susan Shelley

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125
Chapter 15
Understanding Credit Cards and Debt
In This Chapter
✧ The history of credit cards and how they work
✧ Some reasons that it’s good to have a credit card
✧ Understanding the pitfalls of using credit
✧ Resisting temptation when using your card
✧ Getting a card if you want one
 
 
Credit cards are easy. Credit cards are instant gratification. Credit cards can get you what you want—when you want it. No waiting, no saving, no negotiating with Mom or Dad.
Credit cards also can be dangerous. They’ve been the cause of big trouble for millions of people who have used them improperly. Credit card debt has forced people into bankruptcy or to sell their ...

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