The credit card people are our friends?

Remember when you were a kid and begged your mom to buy that cereal with the cool prize in it. I still can remember getting a Tony the Tiger and Woody the Wood Pecker spoon in my cereal. It got to the point my mom would not take any of us 5 kids to the grocery store because of the fight we would make over getting the cereal with the prize in it. 

Well our "friends" at Discover Card have a treat for your kids. They have partnered  with General Mills Cereals and are offering a Discover debit card in their boxes of cereal. Lets not just get the kids hooked on six dollar a box cereal infused with loads of artificial color, flavor and lots of sugar, lets get them used to using the Discover card. 

Folk I am not an alarmist or whacko, but they are targeting out kids for using credit. It is all about branding. If they can get them hooked early enough, they have them. But this is a new low even for the credit people. These guys are not your friends and they are after your kids. 

Teach your kids that using credit is bad and that cash still works  and works well. People who spend cash at the grocery store spend 50% than those using credit or debt card. I know by switching my habit to cash only, my spending habits have changed. What about yours. For more information about topics like this log onto our website www.lighthousefinancialcounseling.com

Step away from the cereal isle!!!!!!!!!