Saturday, February 02, 2008
I just read a post by Paul Michael on the terrific finance blog, Wisebread, that the UK banking giant, Egg, is now blocking over 160,000 credit cards - protecting the cards' owners from themselves. Paul expresses surprise that this didn't happen in US - it's likely only a matter of time before this happens here. I think it's sad that it's come to this for some and it only reinforces my belief that we must not wait to teach our children about money. Let them make their mistakes NOW - before they face a situation as dire as those in the UK. We truly can't afford to wait.