A good article for anyone who pays the minimum each month, but likely doesn't impact many on this forum.
I actually find that twenties slip through my fingers more easily than using my card  . I've never paid a dime in interest and never intend to, I have a card that pays cash rewards and my Roth is funded in full each Jan.
I started both my kids with credit cards at age 14  . They've been taught that if you don't have money in your account to buy it, you don't charge it, period! Their cards are set up for automaic payment each month. I think of it as a proactive way to teach them money management at an early age when I can show them the rules of the road.
When the oldest earned her first substantial money at age 16, I funded a Roth for her. It was a good segway to discuss compound interest and the advantage of time. I'm matching her earnings right now, but that'll be her responsibility before too long.
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