Do Not Abuse a Credit Card Or You'll Pay In Three Ways!

Raise a child using plastic to pay for everything and you deprive him or her the important skill of budgeting and saving.

Admit it. Credit cards are convenient because they're instant money. But your children do not understand that they cannot always get the item they want immediately as it would require some effort to get enough money.

High Debt

In the end, your children will get in high debt as they apply for a card in the future.

It is worth noting that credit cards are like a bank's camera looking at your every fiscal activity. Not that you would make one wrong move by making a wrong purchase, but measuring your financial management capabilities goes evenly with their intention to profit from you.

Poor Bank Recognition

A poor performance merits a poor audience impact. When you perform bad with banks, they do not applaud for you.

Your children, using credit cards to buy items they want without your discipline, would merit the same without proper budgeting and saving skills.

Don't let experience be the tough teacher and finally stick yourself into the equation.

Lax Budgeting/Saving Skills

Have your children pay with paper and coins. Never let them have the plastic, not until they're old enough to understand they have to earn their keep and provide their own share. 

Because in the end, when credit and bank grants are gone, you're going to run to your own money.