Re: teenager and cell phones?
We just went through this with our 16 year old. He wanted to sign up with Verizon in our name and pay us each month. He has a job working at an auto mechanic's after school and makes good money, but we told him we won't do it. It's the same as co-signing and he never knows what's going to happen in the 2 years that he's committed to.
Instead he has a tracfone that he buys more time and minutes for. He's not totally happy, but we didn't want to take on the added responsibility.
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