<prompt> Human: I was never taught the first thing about finances as a kid. My parents did all they could to shelter me from any financial trouble that we had. I dont want my kids entering the real world with out knowing how to be responsible with their money. We just bought a house and we were very forthcoming with them about the process and they got to hear all about how past decisions were affecting the process. I want to help her learn financial responsibility before she tries to move out on her own. She wants to get a summer job at the restaurant where I work and will continue to work there a few hours a week during the school year, so she will have some income and no expenses. Will co-signing on a small loan for a car help her build a credit history or will she not be able to sign anything whether Im involved or not?Edit: Question answered. Ill add her as a user on the card that her mother and I have. Thanks for the replies.  <response>: Taking out loans to build credit is a bad strategy. Consider adding your daughter as an authorized user on one of your credit cards. Even if she never sees the card, simply having the account on her record will allow her to build a history based on how responsible you are with your card. 