A Lesson in Finance, Kids Style

Filed in archive Credit on July 14, 2008

Photo courtesy of iStockphoto, Ilka-Erika Szasz-Fabian

Dayana Yochim has a fun article this week at Motley Fool about teaching a friend's 6-year-old daughter about credit after the girl received a credit card solicitation in the mail. My favorite parts:

"When you go to the store to buy Barbie a friend, if you pay for her with your new Visa, her friend will cost $1,087 and won't be paid for in full until you're 43."

And a little existential angst that every child is sure to understand:

"So now you have this huge Visa bill and an empty piggy bank and all of your friends are going to upstate New York in 10 days for a relaxing weekend. Only now you can't go because gas prices are insane and you decided not to go into PR after college where you could have earned money hand over fist, but, in retrospect, you wouldn't have felt like you sold your soul and ..."

Heh, heh. I especially enjoyed that last one. funny stuff.