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David Russel's Articles in Home - Family
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Teens and Money..
According to JA Worldwide (formerly known as Junior Achievement), 11 percent of teens have credit cards in their own name, and 6.2 percent of 13- and 14-year-olds have their own plastic.
With this in mind, it's important to teach teens what interest is — the percentage of your purchases you pay for the privilege of borrowing money from the credit card company — and how quickly it can add up and what the real debt problem will be.
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