Teen girl with credit card  and your kids  When you mention kids
and credit cards, most parents usually cringe. Kids shouldn’t
have credit cards, right? They aren’t responsible enough. They
don’t even have an income. There is no reason that a child needs
a credit card. Well, it turns out that there actually is a very
good reason a child needs a credit card, and it has to do with
how they will relate to credit later in life.  Contributed by
Jeff Hindenach, NextAdvisor.com  “Teaching children about money
and credit is something that starts very young and builds as
their cognitive abilities and capacity for abstract thinking
increase,” Allison Kawa, a Los Angeles-based child and
adolescent psychologist, said. “By laying the foundation for
children to understand the function and value of money from
early childhood, introducing credit in high school is less
esoteric.”  So how do you go about explaining the complicated
issue of money and credit to your child? The best way is to
start small and work your way up as y