• GloveNinja@lemmy.world
    link
    fedilink
    arrow-up
    13
    arrow-down
    1
    ·
    edit-2
    1 year ago

    I was advised by my family, and the bank when I was 16 to get a Credit Card so I could build my credit score. I didn’t really have any good financial awareness and they set me at a $2000 limit. Needless to say that was maxed almost immediately and took years of developing discipline to get under control. I still struggle with CCs now and then… They’re too easy to come by and too hard to break free of

    • hulemy@ani.social
      link
      fedilink
      English
      arrow-up
      9
      ·
      1 year ago

      Where I’m from almost no one under 25 gets a credit card, because most non-online/prepaid/crypto credit cards have an age or income limit.

      Everyone over the age of 12 has a debit card here. I think it promotes healthy spending knowing you have a set limit and immediately see the amount of money change. Overdrafts are also not enabled by default and require an extra package.

      Venmo/Cashapp etc are also uncommon here.