Should we let the young have credit card?

With the aid of plastic currency, we nowadays, can go shopping without bringing money with us all day long. By encouraging more people to apply for credit card, many bankers have spared no effort to lobby the congress to lower age restrictions of applicants.

In this way, they can increase more potential applicants. However, other people argue that the young lack of comprehensive financial knowledge, which may get them stuck in mammoth debt before stepping into society.

As far as I am concerned, I don’t regard giving the young credit cards as a bad idea. In the ensuing paragraphs, I will illustrate my opinions. Foremost the young should develop their financial concept as early as they can. It is certain that the young will grow up soon or later. Consequently, they will apply for a credit card one day. If they aren't financially savvy , they will be doomed to be inundated with the bill. As we cannot refute to face the music, the earlier we cope with our money well, the less trouble we will encounter. After all, we cannot live without money.

Second, by remitting the money and looking into the account or bill, parents can understand how their children use money. In the past, patents gave their children pocket money. which makes it hard for parents to track usage. However, by depositing the money to children’s account, not only can parents give their money instantly through internet banking, but also helps to keep track of the money.

 The final advantage of cards, is that  we can prevent the young from being a target for thieves. Children can bring a card with them rather than a wallet filled with money, which will catch the eye of the Thieves. In this instance  the card can be suspended immediately. we don’t fear the theif may hurt the child to seize the card.

To sum up, some people worry that children are too young to make good use of the credit cards. Nonetheless, it seems to me that everyone Needs to learn managing their own money well and making ends meet. Namely, instead of shielding the young from credit lest they make mistake, we should teach them how to take good use of them and build their good habits.