Kw-logo-smaller

Credit Cards

No matter where you get your cash - an allowance, a part-time job or the Tooth Fairy - you wanna make sure you get the most bling-bling for your buck. Kidzworld has the 411 you need to keep your finances under control.
 

What Is Credit?

When you buy something on credit, it means that someone loaned you the money for it - usually a store or a bank. Credit cards (Visa, MasterCard, whatever) are cards you use to buy stuff with, instead of using cash. Credit cards are totally convenient and they help out in a financial emergency (no, wanting a new L.A.M.B. purse doesn't count as an emergency) but they aren't perfect. If you don't pay off your whole credit card bill when it comes at the end of the month, you'll be charged interest on the remaining balance, which means that that $50 sweater you put on your MasterCard could end up costing you a lot more than $50 in the long run. This can totally add up and you can wind up owing big money to the credit card companies if you're not careful.

Who gets Credit?

To get a credit card of your own you need to be 18 in most countries. Some kids get credit cards that are linked to their 'rents accounts. Your folks are totally responsible for all of the charges on these types of cards, so be extra careful with them! When you go to college, you'll notice tons of credit card peeps will try to convince you to sign-up for their card. If you decide to go for it, make sure you read all the fine print and get the lowest interest rate you can find. Once you've got a credit card, make sure to make all your payments are on time cuz if you don't, it will look bad on your credit rating. Your credit rating is a score that is used to decide if banks will lend you more money (for a car, house, new business, etc.).

The Hilary Duff Visa

Just cuz you're too young to have your own credit doesn't mean Visa doesn't want your business! Hilary Duff and the folks at Visa have teamed up to bring you the Hilary Duff Visa Gift Card. It's not a credit card cuz you can only spend whatever amount of cash your 'rents loaded it up with, but you can use the card anywhere Visa debit cards are accepted. These cards are cool cuz they give you the opportunity to spend your cash anywhere - you aren't limited to one store like you are with a gift certificate. Just keep in mind that getting used to buying everything on plastic is an easy way to get into bad spending habits in the future. A real Visa - or any other credit card - is not a toy!

Your Money

Related Stories

 

20 Comments

latest videos

F1067448135562

What Do You Save Your Allowance For?

  • A big day out with your pals.
  • Video games and computer stuff.
  • Clothes, clothes and more clothes.
  • CDs or posters of my fave musicians.

related stories

Micro_micro_wallet
Do you need a new wallet? Would you like one that’s the exact pattern, size and color you’ve alwa...
Micro_supermonkeyball-article
If you are going off the rails and need some help, look no further than our Super Monkey Ball Ste...
You probably recognize names like Baltic Avenue and Park Place from your old Monopoly set, but th...

Random in the forums

-Gwen9--
-Gwen9-- posted in Say Anything:
Any day we don't have school.
reply 14 minutes
-Gwen9--
-Gwen9-- posted in New Users:
How To Upload a Photo:Yay! You have read this far, now its time to learn things. In this post, I will be teaching you how to upload a photo! :DDesktop: Okay, there are two ways to do this. You can upload from your albums, OR, you can upload from your profile picture.                   To upload from your albums, go to your profile and click on "my albums." Now, the system will tell you that you MUST upload a photo to an album. You have two options, you can create a new album, or you can upload to a previously made album. After you choose one of the two options, you need to click on the "choose file" button. You need to choose a file. But, before you upload, make sure your picture is appropriate and follows all of the KW rules! I recommend that you read the rules before uploading. Then after your upload, your photo will be taken to moderation where it will be approved or rejected.                      To upload from your profile picture, you just click a button that says upload. Then its really just the same thing.Mobile: Uploading for mobile is just about the sane thing except you need to press the three people in the right corner and then scroll down to my albums.Remember, when you upload a photo, if follows all of the rules. Do NOT upload a photo of a celebrity and say it is you! For ages 12 and under, sorry, but you may not upload pictures of yourself.
reply 24 minutes
hugebear
hugebear posted in Say Anything:
FTW the Fridays is me favourite FTC :D [for the chips] :D
reply about 1 hour
Kirsteeeeen
This thread has been moved. Click here to see the new thread.
reply about 1 hour
-Gwen9--
-Gwen9-- posted in General:
Chocolate!!!
reply about 2 hours

play online games