As you teach your kids about money, one important concept is how to use credit responsibly. Adding your children as authorized users on your credit card is one way to teach sound credit management ...
Authorized users can hurt your credit score if they don’t treat your credit with respect. Create strict guidelines on card usage before offering to make someone an authorized user. Check your ...
“Add your child as an authorized user so you can help them establish a good credit history.” It’s common advice — and it’s not wrong. Assuming you have an excellent credit history yourself, as well as ...