It may be too early for some children to start dealing with this topic, but experts say it is necessary for their future. The world is changing day by day, and the question is whether the children who are born now will experience money in a physical form.
Maybe we will already move to cryptocurrencies in a big way. The child should be educated in all matters, especially the skills that are necessary for a normal and healthy life in the future, without any kind of debt.
If you are here searching for information about the best prepaid debit card for minors you came to the right place.
Explain to them where money comes from
Children must understand where money comes from, that it is very difficult to get, and that money must be allocated to things that are necessary and those that are luxuries. And money doesn grow on the trees, you need to work hard to make a living.
It is much easier for children to understand many things than for adults. Children do not feel fear, and they are not afraid to be who they are, authentic in every sense.
Are you thinking of opening a bank or debit account for your children? Since there are too many options on the market, you may have wondered which one to choose.
Do not worry, you have come to the right place. We will explain to you as simply as possible what children’s credit cards are, how they are used, and what benefits come from owning them.
Why is good to get your minior a debit card
– By opening a bank account for your child, you give them responsibility as well as trust, and they have to manage their money wisely with a little assistance from you.
-Parents can also make payments to children after they have completed all the tasks prescribed by the parents.
-Children can also donate money (within the family), buy, invest and save. Be open with the children, ask them what they would like to buy so they save money, sometimes give them something, and they will feel much better and more useful.
-The goal is to lead children on the right path, to teach them the necessary skills and tools that will make life easier for them in the future.
3 Best Prepaid Debit Cards for Minors
The market for prepaid cards for minors is expanding. Both supply and demand are increasing. And more and more parents decide to give this a chance to see how their kids will react and behave with money.
In the children’s card market, brands like BusyKid, FamZoo, and Greenlight, among many more, are represented.
BusyKid is one of the most popular, and more parents choose this application and prepaid card for their kids. There are numerous reliefs and benefits, and lists of jobs and tasks that children must complete within a given time.
Parents have complete control over their children’s finances. They can distribute rewards and penalty points depending on the completed tasks. It is financially acceptable to the majority of the population. The age limit is 6 years, and the prices range from $5 to $8.
Greenlight is another one of those that is one of the most famous on the market. They offer children the ability to control their own savings and spending. There is also an alert within the application that shows the amount of money spent by the children.
Children with this card can invest, donate, buy, and save everything under the supervision of their parents. The next month is free, while the next month is $5.
FamZoo is a family platform that offers open cards so that parents can monitor their children’s money spending. The card is loaded when parents transfer funds to it, and then it is activated. The fee for this type of service is $6 per month.
Ways to bring money and credit cards closer to your child
Many people think that children are too young to understand money, but this is not true. Children can master a foreign language through cartoons in a short period, don’t you think they can’t master what money is?
If your child is interested in opening a bank account, you will have to do it for him. Ways to bring money and credit cards closer to your child.