Kids can learn about money management through several means, though the best option is through modeled behavior. In other words, seeing you handle credit cards responsibly as an adult.
The most natural moment to place plastic in the hands of your children with their name on it is in high school when they’re beginning to develop independence, getting a driver’s license or spending time away from with friends.
Though, instead of credit cards for kids, start them off with debit cards for kids and teens that withdraw money directly from the prepaid card balance or from the associated bank account.
Why Credit Cards for Kids Might Not Be the Best Option
Although children can get credit cards for kids early enough to build their credit, they can just as easily end up damaging it by using them irresponsibly.