After reading an article about students being caught in credit card traps, it made me wonder who is most responsible for this. I think it is more the fault of university students and parents than the banks or the financial institutions.
These students are not earning anything yet and have little income, but they still want to spend money on unnecessary things. Whey do they pursue such a material way of life? Maybe it is because their parents give them whatever they want and they get used to this 'normal way of life'. It is up to parents to teach their children how to use their money wisely. With some assistance, I think students would be mature enough to resist the attraction of credit cards.
Also, they should realise that they are not really independent. Most students depend on their parents to pay their bills and to ask them to cover credit card debts is unacceptable behaviour.
Tracey Chan, True Light Girls' College
From Young Post
Dear Tracey, it is true some people today do live a material life. It is sad to see their success being measured by the clothes they wear, the bags they carry or the electronic gadgets they use.
I don't think the problem is whether children are financially independent and are able to afford luxury goods. I think it is why they are becoming so shallow and caught up in brand-name obsession.
Parenting certainly plays an important role in how children view material goods, particularly if parents use presents as a way to show their love. Even worse, some parents see owning luxury goods as a sign of success and educate their children to do the same.
Remember, your actions and words speak for themselves, and show the person you are - not a fancy suit or a branded handbag.