Only 11 years old, Chylunn Sullivan is already an entrepreneur.
She has her own business, Chys Cookie Corner, where she makes cookies from scratch.
Her mom, Cierra Sullivan, is raising Chy on her own.
Chy’lunn used the Greenlight card to save up and purchase a KitchenAid stand mixer for her cookie business, Chy’s Cookie Corner. Photo courtesy of Stacey Gardin
Then Cierra heard aboutthe Greenlight card, a debit card for kids that comes with parental controls.
It lets parents set spending limits and gives them tools to help their kids manage money responsibly.
To Cierra, it sounded like a game-changer.
Its been working, says Cierra Sullivan, a dialysis nurse in Greenville, South Carolina.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
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The bigger picture is, its a smart and strategic tool for raising financially savvy kids.
you might put money into two different categories on the debit card.
One is a Spend Anywhere category that allows your child to use the money anywhere that takes Mastercard.
Her earnings go into a separate account.
I have to think about my spending and more ways to save my money.
It had her whole complete name on it, Cierra says.
She set her own PIN number.
She felt like she had a say in how she spends her money.
Like any major card, Greenlight uses bank-level encryption to protect your and your childs information.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
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