"Think of prepaid credit cards as training wheels in the world of credit. They are best for teaching teens to control spending and the conveniences of how and where to use a credit card, without the risk of falling into debt".This makes a lot of sense if you embrace the idea that indebtedness is a fact of life. If you think that way then you feel a need to train your children about how to "borrow responsibly". It is all very logical except that the need to borrow money is not a fact of life. I suggest these two training wheels, left and right, for your kids:
- Train them to conquer their lust: Many have taught their kids, by their living, that it is okay to pay for their lusts for houses, cars, clothes and other things with credit cards. In doing so they teach their kids to yield to the power of their lusts. And they leave them powerless to defeat the lust that will make them slaves of debt.
- Train them to be generous: In a sense the flip-side of lust is generosity. Lust is focused on getting things for ourselves while generosity accentuates the need to sacrificially share with others. When we are sacrificially generous we embrace the welfare of others and declare our freedom from our own lusts.