Credit Card Survey, Teen Finances and Someone is Looking for People to Interview

Oh I love the weekend! I’ve been doing well with doing exercises instead of physical therapy and I can start to feel a difference with my knees. In fact, I just got done having a little dance session by myself. Ok, so maybe we shouldn’t call it dancing. Probably more like flinging around like a mad woman. LOL. In any case, it was good fun and I should do it more often.

For today’s link love, I’d like to point out a few things that I have participated in lately. First up is credit card survey over at Mr. Credit Card. He asked quite a few personal finance bloggers some questions about their credit cards. One interesting tidbit – 23% of them didn’t know their credit score. I was a bit surprised about that one. Nice job Mr. Credit Card for putting all of that together!

Next up is an article written by Dr. Mike from NewsAboutKids.com about teen finances. He approached me and asked a simple question: What three tips would I tell a teenager about money. He also asked many others and put together a very nice article that you can share with your teen.

Lastly, a fellow blogger is looking to interview people in debt. If you are interested in sharing your story, head on over to Blunt Money for more info. She doesn’t bite

I hope all of you are having a great weekend!

Posted by Tricia on August 9, 2008 at 11:02 PM in General Personal Finance | 7 Comments »
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danielle responded:
Posted: August 10th, 2008 at 11:00 am
There is some advice on that page that I would give my daughter, and there is some that I would not.

I recently read an article about how broke young people are. It constantly threw snide comments about the younger generation being dumb and lazy. I didn’t think that was fair. Younger people are broke I believe, because they listened to their parents. They got the educations their parents wanted them to have, the expensive housing their parents expected them to have, and all the stuff their parents taught them was necessary. Not only that, but they have spent their time in classrooms learning the anatomy of grasshoppers, but had no opportunity to learn anything about personal finance.

As soon as my daughter is old enough to learn basic 2+2 math, she will sit down with me and watch me balance our finances. I want her to be like me- debt free, prosperous, simple, and successful.
Mr Credit Card responded:
Posted: August 10th, 2008 at 3:16 pm
Hey Tricia

Thanks for mentioning the survey.

Mr Credit Card
Brandon J responded:
Posted: August 10th, 2008 at 8:11 pm
Hi, quick off-topic comment. For some reason I get 5 – 10 readers from your blog to mine every week. I just wanted to say thanks for the readers! Continued luck with blogging!

Brandon J
Money for Military
http://moneyformilitary.blogspot.com
longtimelurker responded:
Posted: August 11th, 2008 at 12:25 am
HI – I have followed you for a little over a year now,maybe two, I think. Your progress is positively impressive and motivating. Fortunately, I have been debt free for a number of years now, but often I regress with big ticket item purchases with the credit card, saying I will pay it at the end of the month…only to have it linger for a month or two. Your dedication is truely amazing. God Bless you and your family. I wish you all the best. Continue wokring hard.
Jen responded:
Posted: August 11th, 2008 at 12:41 pm
I don’t know my credit score … but I don’t want credit, so who cares? I have no credit card debt, just a school loan. And I keep my credit reports clean. I just haven’t paid to get the score yet. I don’t think that’s anything bad … especially if you aren’t in the market for credit.
GiGiG responded:
Posted: August 11th, 2008 at 12:57 pm
I am one of those who started carrying a credit card at the age of 16. My parents gave me a limit and I went crazy. Because I did not have to pay the bill, I had little concept of credit. This lack of knowledge, with the help of established credit at an early age, led me to $8000 in credit card debt during college. I believe parents should teach their children about money and CREDIT very early. I once believed credit cards were a magical piece of plastic that granted me anything and everything I wished with no penalty.

Luckily, I am now debt free. Ironically, I currently work for a credit card directory: http://www.CardOffers.com–A great site to learn about credit cards, as well as finding a credit card tailored to your needs. It is also a great tool if you want to teach your child about APR, Annual Fees, and Rewards Programs–it’s free. I once read people should do the same type of comparison shopping they do for their home loans for their credit cards. Credit is king, and maintaining good credit is probably one of the most important things you can do in America. So, when teaching about money, don’t forget to teach about credit.
Debt Management responded:
Posted: August 12th, 2008 at 8:26 am
After college, I had a ton of student loans and credit card debt. I never really learned how to manage my finances until my mid-20s. My parents always paid for everything and I was given a credit card in high school. I would love to be debt free and am working hard to get there.