It's never too early to teach your child about good credit. 

A good credit score is important.  Lenders, landlords and even some insurance agencies will assess their risk based on credit score. Keeping your score as high as possible is usually a good idea.   Unfortunately, no credit can lower the credit score as much as bad credit. 

Helping your teen get started the right way can ensure they get the best rates on all kinds of services when they move out on their own.

So help them learn the responsibility of monthly payments and budgeting early—before they get out into on their own and are bombarded with offers for credit. 

For more information about teaching your teen about money click here to request our free publications "Guide to Money" and "Your Budget Blueprint."