Shopping online can be safe if the site you are buying from is a secure site. Consumers need to know how to evaluate the security of e-commerce Web sites before buying something online.
When you pay with a credit card, your transaction is protected by the Fair Credit Billing Act. As a result, consumers ? by law ? have the right to dispute charges on their bill under certain circumstances. If there is unauthorized use of your credit card, your liability will be for only the first $50 in charges, provided you report the loss.
You're never too young to start.
An increasing number of younger people have checking accounts as well. They can be an effective tool in helping manage finances.
With a Roth IRA, no taxes are due when money is withdrawn. A kid who started saving at age 15 (with a Roth IRA) could grow a $1 million tax-free income.
It's always good to have a savings account. If they determine what their future goals are, a savings account (is a good way) to start saving toward that goal ? maybe college, a vehicle, car insurance or a class trip.
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