Parents, can you imagine giving your kid their own debit card?
Yeah, me neither.
But what if its a debit card thatyoucan control?
The Greenlight cardis a kids debit card with parental controls.
It lets you set spending limits and choose exactly where your kid can spend money.
That way they can learn how to spend responsibly without sending you into a lifetime of debt.
But the bigger picture is, its a smart and strategic tool for raising financially savvy kids.
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Its a fact that financial literacy is super-low these days.
Although the Greenlight card is in your kids hands, youre still officially the primary cardholder.
you’re able to set up Greenlight to automatically pay your kids allowance, either weekly or monthly.
(Greenlight wont charge you extra fees for this.)
If your kid has a job, its easy to have their paychecks direct-deposited onto their card.
Your kid can use the app to check their cards balance and set goals.
Basically, theyre learning in real time how to manage money.
Like any major card, Greenlight uses bank-level encryption to protect you and your childs information.
Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
