Comments on: Are Financial Products for Teens Making Them Financially Irresponsible? http://www.doughroller.net/credit-cards/prepaid-debit-cards-for-teens/ Money Management and Personal Finance | The Dough Roller Thu, 18 Mar 2010 00:04:52 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: debtrelifmanhttp://www.doughroller.net/credit-cards/prepaid-debit-cards-for-teens/comment-page-1/#comment-16820 debtrelifman Tue, 12 Jan 2010 00:17:47 +0000 http://www.doughroller.net/?p=7392#comment-16820 I really like this so teens can be more financially literate I think this will help our country become better because with more education about finances it will make it so less people go into debt and if so will go in debt for a good reason. I think there will always be a need for debt relief but I hope it won't be as necessary as it is now. I really like this so teens can be more financially literate I think this will help our country become better because with more education about finances it will make it so less people go into debt and if so will go in debt for a good reason. I think there will always be a need for debt relief but I hope it won’t be as necessary as it is now.

]]> By: Craighttp://www.doughroller.net/credit-cards/prepaid-debit-cards-for-teens/comment-page-1/#comment-14923 Craig Thu, 10 Sep 2009 19:15:45 +0000 http://www.doughroller.net/?p=7392#comment-14923 This is where parents and school needs to step in and educate teens. Teens need to learn the basics so on their own they can succeed with these incentives and cards. This is where parents and school needs to step in and educate teens. Teens need to learn the basics so on their own they can succeed with these incentives and cards.

]]> By: Mr. ToughMoneyLovehttp://www.doughroller.net/credit-cards/prepaid-debit-cards-for-teens/comment-page-1/#comment-14922 Mr. ToughMoneyLove Thu, 10 Sep 2009 18:35:12 +0000 http://www.doughroller.net/?p=7392#comment-14922 Studies have shown repeatedly that using any form of plastic instead of cash to buy stuff does two things: (1) It increases the amount of 'stuff" that people buy; and (2) It increases the price that people are willing to pay for stuff. This is because there is a disconnect between the purchase and the financial pain of the purchase.Why in the world would we want to give our kids an early start and indoctrination on this behavior? This is a cultural and familial pattern that must be broken. Studies have shown repeatedly that using any form of plastic instead of cash to buy stuff does two things: (1) It increases the amount of ’stuff” that people buy; and (2) It increases the price that people are willing to pay for stuff. This is because there is a disconnect between the purchase and the financial pain of the purchase.

Why in the world would we want to give our kids an early start and indoctrination on this behavior? This is a cultural and familial pattern that must be broken.

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