💳 Life Lesson: Help Your Kids Build Credit Early 💳
One of the smartest (and simplest) ways to set your kids up for financial success is by adding them as authorized users on your credit card before they turn 18.
👉 Here’s why it matters:
When your child is added as an authorized user, your positive payment history, credit utilization, and length of credit can help them begin building a solid credit score — without them even having to use the card.
✅ They don’t need to make purchases
✅ They don’t need their own income yet
✅ You stay in full control of the account
This small move can give them a huge head start when it comes to:
🏠 Renting an apartment
🚗 Buying a car
💳 Getting approved for their own credit card
💡 Learning about responsible credit use
Pro Tip: Make sure the card you use reports authorized users to the credit bureaus (not all do!).
As someone who’s raised 5 kids and been through the ups and downs of life — I promise this one tip can open doors for them down the road. Credit is power when used wisely. 🔑
More real-life lessons like this on the blog ➡️ cocoslifelessons.com
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