Does your Teenager need a credit card

Does your child need a credit card

This article talks about benefits and disadvantages of giving a credit card to a child. I have to say that I didn't understand this text when I read it for the first time. I had to ask my parents to explain some parts for me. I am still 13 years old and to be honest, never got more than $50 to spend (and even that was when I went to NY with jazz choir). I am probably not even going to get a credit card soon so most of the things described in the article was for ..... future reference??

The decision that the parents made was a good one, because at that age (16-18), parents can decide if they can trust their kids or not. If children  are given cars to drive and get their driving licence, that means parents already trust them far more than overspending money through credit card. The dangers of driving a car are much much greater than the dangers of a credit card.

Starting credit history can make banks trust you with their money. It is important to know how to use money, because your credit history is for life. In cases of emergency, credit cards are not the best to use. They would cost you more than a banking card. In some places, credit cards are not accepted and they would only accept cash.

The different options for credit card described are a good way to slowly give more and more responsibility to your child - first with prepaid card, then with a card with a limit. It feels like learning to ride a bike; you first have a toddler one, then you go to riding one with four wheels, then you learn how to bike on your own.

It is a difficult task to give opinion about subject we don't fully understand like this one. I had very little experience with money and banks until now.  On the other hand  this article might be a good start for my future learning.

do over generation set to experience deadline shock

Do-over generation set to experience deadline shock 

      On August 28, 2010, there was an article in globe and mail news papers about new rules that will allow teachers to deduct marks for late assignment(s). This article presents a current problem in Canada that many of the students are being absent or late on due dates for hand in assignment(s). 

   

      At first I was surprised to see that this existed as a problem. Then my opinion was balanced between agree and disagree. Students who hand in their assignment(s) late or are absent on the due date do not learn about the consequences of their actions. Then these actions will become a habit and will continue to do so through high school, university and beyond. Parents might get concerned about this and how this affects their work habit.  

       I agree to this solution for teachers being able to deduct marks for late or missed assignments. Because of this, students will be able to mange their time better and that will prepare them for the other schools. Being absent for every assignment will tell the teachers a pattern and will see if you have been managing your time well for homework. The teachers will be preparing the students for high school, university and their jobs. 

       I disagree with this idea as it might affect students who are really sick. Last year, many people in my class were away and sick during winter missing the assignments. For that reason, their average percent dropped by the end of the school year.  

       In total, I agree with this new policy that teachers should be able to deduct marks for  late assignments as I think it will give good results at the end.