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Your cash hand-out routine today...
- Run to the ATM
- Hand out cash to your teen
- Remind him/her to keep it in a safe place
- Hope he/she will tell you how it was spent
- Start all over again
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Managing allowances with a prepaid card tomorrow...
- Log into your parent account
- Choose funding source: checking or credit card
- Define how much and when:
e.g. $80 every 1st of the month
- Done
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What about your teen's online purchases? |
- Let him/her borrow your credit card...
- ...or look the other way when he/she
opens an underage PayPal account
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- Let your teen use his/her own prepaid card
- Monitor where the money is being spent
from your own online account
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