The Real: “Should kids have a debit/credit card?”

[stewie_e]

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The panel on The Real (Adrienne Houghton, Loni Love, Jeannie Mai, and Tamera Mowry-Housley) discuss if kids should get a debit or credit card and when is the appropriate age to give them one. Loni feels debit cards are more appropriate while Tamera thinks 14 is a good age for a credit card with a set limit. Adrienne adds that it’s important to

Comments

[sandstorm]

What are they gonna buy @ 8 or 9, lootboxes?

I'd encourage a kid to pick out stocks before handing them a credit card. Debit, sure, I'll put your allowance in it.

Also I bought that laptop I was talking about yesterday, and got it even cheaper than sales price 😎

[shittysoup]

I'm almost 30 and I don't even understand how stocks work. How the fuck do you even buy them? Who knows.

I think if we're going to get serious about financial literacy, it needs to start in schools and there should also be classes for adults because I think the vast majority of people don't understand finances, myself included.

[sandstorm]

I use Stash and Robin Hood, but IA - but too many companies make $$$$$ off of Americans shit financial skills, so they don't.

[yeezus_christ]

stash is great. i also have t-mobile stock from being t-mobile customer, but i want to have it in my stash account.

[sandstorm]

Wait, I have T-Mobile, how do you check your stock w/ them????

[yeezus_christ]

i'm not sure if all customers have it. i got an email telling me i have t-mobile stock from t-mobile through folio and i just had to set up my account to claim it.
t-mobile's the only carrier i've ever had. i had them since i was 15 or 16 and they randomly send me free shit for having been with them for so long.

two years ago they gave me 100 gigs of data in a stash account for a year then they extended it for another year and now they're giving me free 4g internet starting the end of this month when my stash runs out.

[trynabme]

I came here to say I am getting free unlimited 4g at the end of the month as well but then you mentioned it at the end of your comment. I am so happy lol. Now I can stream radio at work since its blocked on the wifi

[yeezus_christ]

i'm so happy for you! i need music to stay motivated and centered during work (and life) so i understand that pain. i was annoyed when t-mobile didn't extend free streaming to more customers than the ones with the one plan at the time.

i'm still trying to figure out what i'm going to waste all my extra interwebz on.

[murdertheopera]

damn they're hooking you up with all this?? how does one go about getting some free things? i've been with them since the sidekick was a thing.

[yeezus_christ]

i'm not sure how the loyalty benefits work, when i called to ask i was told that there isn't an officially loyalty program but if you're a customer in good standing that's been with them for a long time then you'll receive perks at random. you should call them to see if or when you might be entitled to some perks.r

i used to have discounted media messaging back when that shit was expensive, i think it was $10 for text, picture and video, as a grandfather feature during a father's day promo. when it was discontinued somehow it was removed from my account and because it was a grandfather feature there was no way to get it back so t-mobile paid my bill for a month and gave me free media messaging as an apology because i have a legacy account.

[murdertheopera]

damn at least they're taking care of business where your account is concerned. in all honesty i have an unlimited everything plan that's about 40 bucks from back before they started capping data and whatnot, so maybe that's why they don't hit me with random perks - i'm still riding on a 10 year old unlimited everything plan and refuse to upgrade lmao

[yeezus_christ]

[yeezus_christ]

the financial diet, which i'm a huge fan of and recommend to everyone, has some great videos about investing. here's an intro:

[zibbydoo324]

Gonna check this out later. 🤓

[yeezus_christ]

😃

it's such a great channel. i really love that all of the contributors have such different backgrounds, experiences, and values around finances and the other aspects of life that extend from that (e.g.: work, organizational skills, goal setting, life planning) and i really appreciate the perspectives.

[esearcher]

When I was in HS, we had a semester of economics in senior year. We got a fake amount to buy stocks and track them. I still have no idea how tf stocks work.