7 Tips for Teenagers to Use Credit Cards Responsibly

6 Easy Ways to Work From Home for Women

The following article is a guest post.

Today, parents encourage their teens to use a credit card to get a better idea of finance management.  However, this act of goodwill can cost your parents dearly if you make a habit of going into a shopping frenzy.

We are not saying you shouldn’t get a credit card. Instead, we are advising you some useful guidelines you should mind to keep yourself and your parents out of trouble.

1. Get One If You Need It.

You should only get a credit card if you need it, not because of your friends’ one. It’s understandable you get peer pressure, and you want one. But this shouldn’t be your only reasons. You need to learn how these things work before you get one.

2. Think of Them as Cash.

Credit card offers a lot of benefits, and you may believe they are easy to play money. This is not a healthy track course, and you have to explain your purchases with plastic. You don’t want to get into debt while you take money out of your pocket.

3. Get a Checking Account.

If you want to get an account, you should get a checking account, and obtain a checkbook. It’s not something you will boast about, but it teaches you something about budget basics. 

If you want to get ready for a credit card, you better start with a checking account with a debit card.

4. Show Bills/Budget.

This might scare you but don’t worry; it will help you become responsible. If you are interested to get a card, get an account and step into the practical world. Then take a good look at your bills, expenses, and monthly budget. It will get you a good idea about adult finances.

You have to sit down, take a deep breath and see the cash flow cycle. Afterwards, you should make a teen budget worksheet which will help you track your finances.

5. Co-Signer.

If you are under 18, and you want to start your banking account, then you are required to have a co-signer to sign your application. This means your account is tied to your parents or a guardian. This is an incentive which lets your adults educate you about banking.

This will help you develop a good habit, and learn the basics of having a banking account.

6. Good Terms.

You need to take your time and perform a brief research. You have to find the best credit card with low-interest rate including late fees, annual fees, and no hidden/extra charges. In case your spending limit is low, for example, $1,000, then you are better off with a starter card.

7. User Guidelines.

You need to set certain rules for yourself when it comes to credit card usage. You need to discuss the purchase and payments you are going to make with Small Business Credit Cards and consult with your parents. Establish a restriction of how much you will spend every month, and how you are going to do it.

You need to keep track of expenses and let your parents know if you make any big purchases.

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How to Find The Best Jewelry Deals: 6 Tips to Shop Wisely

How to Find The Best Jewelry Deals: 6 Tips to Shop Wisely

Shopping for jewelry can be a daunting task. Not only do you have the pressure of choosing the perfect piece for the person you are buying for, but also the stress of selecting from the never-ending jewelers and online marketplaces. It’s overwhelming, to say the least.

With that being said, it doesn’t have to be. Armed with a little bit of know-how and a sprinkling of common sense, choosing the best piece of jewelry for the best price doesn’t have to cause you any more stress than it should.

If you are in the market for the perfect piece of jewelry for your friend or loved one, but don’t want to pay an armload, here are some excellent tips for the best jewelry deals.

Finding The Best Deals on Jewelry

1. Avoid Prestigious Brands

Companies spend millions of dollars every year on improving their brand and their awareness. The bigger the brand, the more they can charge for their products because of their perceived value. If you want to save yourself a pretty penny when shopping for jewelry, whether that’s an engagement ring, a diamond bracelet, a watch or an earring, take a look at the smaller, less obvious jewelers. The quality tends to be exactly the same, just at a marginally lower price point.

2. Shop Online

To build on the previous point about branding, another massive cost for regular retail businesses are the overheads associated with owning a brick and mortar business. Online business doesn’t have that problem. They need a domain name, hosting and a good-looking website design. That’s it!

Online jewelers tend to have far fewer overheads than a regular brick and mortar business, meaning a lot of that extra money is given to you, the customer, in the form of cheaper products.

When shopping online for expensive jewelry, make sure the vendor you choose is reputable. It’s easier to be scammed on the internet than it is in real life, so be diligent when buying jewelry online.

3. Consider Silver

Gold is all the rage right now, though, it’s always been a popular item. However, silver is becoming trendier, seen everywhere on the fashion scene. It’s also considerably cheaper!

If you don’t mind compromising on the type of metal that your new piece of jewelry is made of, consider choosing silver as opposed to gold. The amount of money you will save is enough to justify the compromise.

4. Second-Hand Jewelry

This tip on finding the best jewelry deals is not for everyone, but it’s worth mentioning anyway. Pawn shops and second-hand jewelers often stock some amazing pieces of jewelry that look as good as new, just at a heavily discounted price.

Second-hand jewelry also has the mystique and history attached to it that brand-new jewelry does not. Always make sure that the jewelry is certified before you buy it. Again, it’s easier to be scammed by a pawn shop than it is from a reputable dealer.

5. More Carats Does Not Always Equal Better

The term carat refers to the weight of a stone, not its size. If you take a 1-carat diamond and a 0.9-carat diamond in the palm of your hand, the visible difference is often negligible. However, the difference in cost between the two is usually dramatic.

Save yourself some money by considering a step down in carat. Your eyes won’t tell the difference, but your bank account certainly will.

6. Set a Strict Budget

When you don’t have a strict budget in place, it’s easy to overspend. You are more likely to justify paying a higher price for something if you are loose with your budgeting. The first rule of saving money on a purchase is to know the highest price you are willing to pay, and sticking to it.

These 6 tips should help you find the best jewelry deals online.

 If you are in the market for the perfect piece of jewelry for your friend or loved one, but don’t want to pay an armload, here are some excellent tips for the best jewelry deals. #savemoney #onlineshoppingtips #shoppingtips