What is your opinion on giving a 5 yr old a credit card ?
Answer:
thanks
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Get a life are u stupid!!
I don't think that she could actually use the credit card since she is not of legal age. Signing a credit card receipt is a legally binding document, and letting a 5 year old sign it would make it null and void.
idiot!
you know better..
I think you're right an allowance is a better way. That way she can learn to save money. She's way to young to understand credit cards.
I think your ex should have seriously limited visitation with your child. You have the right idea with an allowance. Your ex's actions although very considerable, are bordering on abuse. He's not teaching her anything by giving a credit card, is she going to pay the bill? Why in the world does a 5yr old need a cell phone? She's not going anywhere with out you is she?
That is way too young and you are right,besides can a5 year old Legally have a credit card?
get counceling for all, before its too late.MENTAL HEALTH IS IMPORTANT!
Personally...I think he is CRAZY! And, I used to work retail..if a 5 yr old came up with a credit card I would probbly just laugh as I called my manager.
I agree with you on the allowance thing. That is what we do with my kids. (My son is 14 and Im just now thinking of getting him a PREPAID cell!) lol And, yes, if the card is to be used for her needs..then go on and use it to pay a bill. That is a need, right??
Daddy needs a reality check and FAST! Little princess is gonna grow up and its not gonna be pretty either. Keep a hand on it mom...sounds like you have a great head on your shoulders. She is gonna need that when she is older..someone to look at as a positive role model and sorry to say, I really dont think daddy fits the bill here.
If the card is not in her name, she can't use it. I don't think any 5 year old is responsible enough to have a credit card. I think an allowance is the way to go, you are right. I have 5 kids. (10, 8, 6, 3, and 4 months) They all get an allowance, and 25% of it has to go directly into savings. A portion of all money received as gifts also goes into savings. I also make it into a math lesson by explaining their interest and how to watch their money grow.
I think your EX is just spoiling your daughter. At 5, if she already has this much freedom, I'd hate to see what he's doing for her at 16.
But congrats on having an ex willing to do stuff for your daughter. It is, however, quite over the top.
If it's to your discretion how it's used, then by all means, if you need to pay utilities, that's going towards her care. If she needs clothes, use it. But don't let her decide how it's to be used! I just don't think most 5 year olds comprehend the value of a dollar.
I wouldnt agree with the credit card but I think a cell phone would be good idea.
LOL that's when you know your filthy rotten rich is when you give a year old a cell phone and a credit card! I do hope you are joking!
that's insane. do you even have to ask?
Well I am with you on this one.your ex or as you call him Santa Daddy is a complete moron.I have a 6 year old and she gets an allowance.all a credit card does is teach how to charge up debt.if she lives with you take the card away from her and keep giving her the allowance to learn the value of money...this way she will learn how to save and when its gone its gone.by the way I also think giving a 5 year old a cell phone is up there on the moronic scale too..
5 year olds don't need credit cards OR cell phones.
There are other ways to teach the value of money. For instance, let her earn an allowance. $3-4 a week. Teach her how to save and give to charitable causes.
first of all u have to have a license in order to have a credit card!!!!!~_~
so she's probably to immature!!!
is he completly nuts?! a card will NOT teach her the value of money at her age, it will teach her that she can have any thing she wants with the swipe of a card. and i would calcel the cell phone to, why does a 5 year old need a cell phone?
You have to be 18 to sign a contract, so I would think no she can't use a credit card. If he wants to teach her the value of money maybe a gift card would be better. I agree with you, I think an allowance is the way to go. There are way too many people in debt because they don't know how to deal with their credit cards.
i have to agree with everyone else= no way on the credit card. even if it was legal, a 5 yr. old would spend it on everything they see on TV! she could use her cell phone to call and order stuff! (just kidding, i think you have to be 18)
i have heard some people use a checkbook register and maybe fake checks to have their kids keep track of allowances , and spending. i will probably try that when my kids are older.
DONT DO IT!!
Ok first off all a 5 year old doesnt need a cellphone(WHO IS SHE GONNA CALL) and a creditcard? OMG wat is yur ex thinking!
thanx you just reminded me the world is full of idiots.
1. YOU SLEPT WITH THIS MAN????
2. YOU ACTUALLY HAVE TO ASK THIS??
3. SHE HAS A MOBILE PHONE??
whos she gonna call, ghostbusters?
I have a good system for teaching the children the value of money.
Is there a shop or canteen at your child school where they can buy their lunch?
If there is, give the child money once a week to buy lunch if she wants to. She gets to keep all the change. If she takes a sandwich from home instead then she gets to keep all the money.
Don't forget, next time your shopping and the child wants a sweet you can say "Yes!" the child has the money you gave her during the week and she can buy whatever she likes with it. This is the important bit. If she has no money she can't buy a treat. Don't give her more money.
NO NO NO. absolutely not. maybe an allowance would be better. a credit card is a little TOO much. she wouldn't really know how to use it.
I was telling my husband about this question and my 5 year old son overheard. He says to me, "Mom that is stupid!" before my husband could even tell his opinion. If my five year old can figure out the answer to this question grown people should be able too.
WHAT?!?! Your ex is insane. Your child is too young to use a cc or even write her name for that fact. He is nuts. Take it away. dont give it to her when she is wiht you.
No you shouldn't be using a credit card.
Credit Cards Wreak!
I think your ex has lost his mind! 5 year old children don't need credit cards. They don't even understand the whole process! I don't think she needs a cell either. I'm sorry to say this, but, if this continues she's going to grow up to be very spoiled and think everything should be given to her. You need to stop this now.
give him your credit card and see what he does maybe the next day he could spend it on everthing he wants
A 5 yr ols has a cell phone?! are you seroius? i am 12 and i can't get 1 till i am in high school. you guys are spoiling that child ROTTEN with a capital R. you quys are idiots!!!
Your ex is a complete moron. DO NOT allow this to happen. Credit cards absolutely do not teach the value of money, since credit cards are not money. People who know the value of money do not use credit cards, they pay for things with their OWN money. And those who may not have enough money for something they want, well then they SAVE up for it. Saving is the best way to show a child the value of money. Open the kid a bank account at the very most, and give her chores that are rewarded with a small allowance. If she wants something, let her save up for it, that will show her the value of money and teach her responsibility, but then again, it may already be too late.
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