fendergirl

hudson, i think you are a bit too quick to judge. not every kid is a money managing moron.

i've been working since the day i turned 14. got my first credit card when i was 16 with a limit of 500 (much easier to charge gas at the pump then to walk in and pay cash prior to getting gas every time), they upped it to 1000 when i turned 18. i got a new card from the same company (with cash back rewards) when i turned 22.. the limit on that card is 15k. i've never even came remotely close to maxing either card out, and i've never once carried a balance over to the next month. (ie, i've paid it off in full every month).

i paid cash for my first car when i was 17. bought a new (slightly used) car when i was 21, paid it off when i was 23. bought my very own house when i was 25 and paid a full 20% for my down payment.

my parents didn't contribute a cent to any of my credit cards/cars/house/etc... i just turned 26, and my credit score is 800. not too shabby if you ask me.

(my sister is 20 and has done everything the same as me so far. job the day she turned 14, 500 limit at 16, bought her first car with cash when she was 17, and she's buying a new (slightly used) car this coming may at 20. we'll see what happens after this.)