Comments on: Is the next generation already wrapped in plastic? http://www.gatherlittlebylittle.com/2008/09/is-the-next-generation-already-wrapped-in-plastic/ Proverbs 13:11 - "...he who gathers money little by little makes it grow." Thu, 09 Feb 2012 20:10:51 +0000 hourly 1 By: tiffaniehttp://www.gatherlittlebylittle.com/2008/09/is-the-next-generation-already-wrapped-in-plastic/#comment-7694 tiffanie Tue, 23 Sep 2008 04:07:16 +0000 http://www.gatherlittlebylittle.com/?p=1059#comment-7694 i'm not sure i like that they're teaching kids about the ease of credit! i think it is misleading and gives a false interpretation of what is really happening during the transaction! it's definitely something to educate the kids about. i’m not sure i like that they’re teaching kids about the ease of credit! i think it is misleading and gives a false interpretation of what is really happening during the transaction! it’s definitely something to educate the kids about.

]]> By: Jeffhttp://www.gatherlittlebylittle.com/2008/09/is-the-next-generation-already-wrapped-in-plastic/#comment-7693 Jeff Sun, 21 Sep 2008 21:33:39 +0000 http://www.gatherlittlebylittle.com/?p=1059#comment-7693 I'm torn about this. I get what RDS is saying in the above comment, and generally I agree, but I can't help but lament that kids today are probably going to have more financial difficulty because it's SO easy to disassociate when using plastic. If you've got cash, you know what's left. If you've got plastic, you're either guessing or paying close attention to your account (which most people don't). I’m torn about this. I get what RDS is saying in the above comment, and generally I agree, but I can’t help but lament that kids today are probably going to have more financial difficulty because it’s SO easy to disassociate when using plastic. If you’ve got cash, you know what’s left. If you’ve got plastic, you’re either guessing or paying close attention to your account (which most people don’t).

]]> By: RDShttp://www.gatherlittlebylittle.com/2008/09/is-the-next-generation-already-wrapped-in-plastic/#comment-7692 RDS Sun, 21 Sep 2008 15:13:20 +0000 http://www.gatherlittlebylittle.com/?p=1059#comment-7692 It is certainly true that kids are getting into plastic earlier and earlier. However, that can be a good thing. Credit cards are a tool and are neither good nor bad. If a child is using a plastic card to pay for lunches in grade school I think that could be a great opportunity to teach them about budgeting and how little purchases made on a plastic card can add up to be a pretty big bill at the end of the week or month. I believe that one of the reasons that young adults are often irresponsible with credit is that nobody ever taught them how to use credit responsibly. If school lunches, gift cards, and trips to Disney World offer the opportunity to teach your kids about proper money management, more power to them. RDS http://financialvalues.blogspot.com/ It is certainly true that kids are getting into plastic earlier and earlier. However, that can be a good thing.

Credit cards are a tool and are neither good nor bad. If a child is using a plastic card to pay for lunches in grade school I think that could be a great opportunity to teach them about budgeting and how little purchases made on a plastic card can add up to be a pretty big bill at the end of the week or month.

I believe that one of the reasons that young adults are often irresponsible with credit is that nobody ever taught them how to use credit responsibly. If school lunches, gift cards, and trips to Disney World offer the opportunity to teach your kids about proper money management, more power to them.

RDS
http://financialvalues.blogspot.com/

]]> By: Savings Toolboxhttp://www.gatherlittlebylittle.com/2008/09/is-the-next-generation-already-wrapped-in-plastic/#comment-7691 Savings Toolbox Sun, 21 Sep 2008 00:59:11 +0000 http://www.gatherlittlebylittle.com/?p=1059#comment-7691 interesting thoughts, though I am sorry to hear that your daughter has felt the affects of the imminent future like she did. I admit, the first thing I was thinking of as I began reading this post was that Visa commercial. Hopefully, she's cool with life in school once again. I can not believe how much things have changed in such a short period of time involving money technology. Hopefully, the convenience of all this plastic does not mislead our youngsters down the long, bumpy road of debt. Parents need to instill the realities of the numbers that are hidden in that plastic jungle they will all be living in... interesting thoughts, though I am sorry to hear that your daughter has felt the affects of the imminent future like she did. I admit, the first thing I was thinking of as I began reading this post was that Visa commercial. Hopefully, she’s cool with life in school once again.

I can not believe how much things have changed in such a short period of time involving money technology. Hopefully, the convenience of all this plastic does not mislead our youngsters down the long, bumpy road of debt. Parents need to instill the realities of the numbers that are hidden in that plastic jungle they will all be living in…

]]> By: Monroe on a budgethttp://www.gatherlittlebylittle.com/2008/09/is-the-next-generation-already-wrapped-in-plastic/#comment-7689 Monroe on a budget Sat, 20 Sep 2008 19:48:29 +0000 http://www.gatherlittlebylittle.com/?p=1059#comment-7689 Something to keep in mind is that the cards and fingerprinting at the cash register maintains the privacy for families who are on free and reduced price lunches. After all - only the cashier knows how much you paid. Now, to be fair, if your kid is getting free lunches, there are other ways that the classmates will note that your family is broke. But there are people who don't want others to know they are getting a break on school lunch prices. When everybody pays by card, the embarrassment is gone. By the way, I was using a cash / swipe card at my college cafeteria in the 1980s. It's just new at the K-12 level, that's all. Something to keep in mind is that the cards and fingerprinting at the cash register maintains the privacy for families who are on free and reduced price lunches. After all – only the cashier knows how much you paid.

Now, to be fair, if your kid is getting free lunches, there are other ways that the classmates will note that your family is broke.

But there are people who don’t want others to know they are getting a break on school lunch prices. When everybody pays by card, the embarrassment is gone.

By the way, I was using a cash / swipe card at my college cafeteria in the 1980s. It’s just new at the K-12 level, that’s all.

]]> By: Annehttp://www.gatherlittlebylittle.com/2008/09/is-the-next-generation-already-wrapped-in-plastic/#comment-7690 Anne Sat, 20 Sep 2008 19:12:35 +0000 http://www.gatherlittlebylittle.com/?p=1059#comment-7690 Our high school is going one step farther and signing all the kids up for a fingerprint scan. No need to carry a card, just scan your finger. Unreal. We opted out, I just find it creepy. I keep thinking about the movie 'Idiocracy' where everyone had a tattoo that was scanned that carried all their personal info, money etc. We are headed there. Our high school is going one step farther and signing all the kids up for a fingerprint scan. No need to carry a card, just scan your finger. Unreal. We opted out, I just find it creepy. I keep thinking about the movie ‘Idiocracy’ where everyone had a tattoo that was scanned that carried all their personal info, money etc. We are headed there.

]]> By: J. Carlton Fordhttp://www.gatherlittlebylittle.com/2008/09/is-the-next-generation-already-wrapped-in-plastic/#comment-7688 J. Carlton Ford Sat, 20 Sep 2008 15:04:50 +0000 http://www.gatherlittlebylittle.com/?p=1059#comment-7688 It seems that the new power is in the 'swipe'. It's become a self-esteem thing. People request gift cards (for Bdays, Holidays etc) But it's estimated that 50% of gift cards go unused and expire. It seems that the new power is in the ‘swipe’. It’s become a self-esteem thing. People request gift cards (for Bdays, Holidays etc) But it’s estimated that 50% of gift cards go unused and expire.

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