Kardashian SistersOut of the goodness of her heart, Kim Kardashian launched a credit card this week for kids as young as 13 in what she says is an effort to teach them how to spend wisely. The famously extravagant reality show star and sisters Kourtney and Khloe unveiled the Kardashian Prepaid MasterCard, touting it as a way for parents to monitor their children's spending while teaching them money management skills.

Sound all warm and fuzzy? Not so fast, say parenting experts.

"If I were to select a spokesperson for responsible spending for children, they're the last people I would go to," Beth Feldman, founder of Role Mommy, tells PopEater. "They're completely out of touch with reality, they're ridiculously wealthy. They are promoting the excesses of having everything you want in life and not really working very hard to get it."