A Material Girl, Her Daughter, And A Credit Card

Pop music star, Madonna has decided that it is high time that she take an active role in providing her 8 year old daughter Lourdes, with some financial education and training. Is she going to open up a savings account in her daughter’s name at a local bank? No. Well then, is she going to hire financial experts to teach her daughter? Nope. Not even close.

It seems, that Madonna has decided that the best way to teach her child to be responsible with money is to give her, her very own credit card with a $10,000 limit. Yeah, that’s the ticket! That’s right, Madonna, turn your little "material girl" loose on a $10,000 dollar shopping spree. Once she works her way out of a $10,000 debt she should get the message of financial responsibility loud and clear. Oh, wait. That’s right, you aren’t poor, and could easily afford to bail her out. Uh, tell me again, just how this plan of yours is going to work?