"The only source of knowledge is experience." - Albert Einstein
A debit card is a powerful learning tool for your student. In addition to the obvious benefits of a debit card like convenience, independence and security, debit cards can help you teach four important life skills.
I am often asked by my students and parents when is the right time to get a debit card.
When deciding whether your student is ready for a debit card, consider whether they have reached an age where they are asking for privileges associated with growing up. As they mature, it's important to help them understand the link between privilege and responsibility. If they are looking for privileges, it is time for them to pick up responsibilities as well.
For more on how to leverage an allowance to teach responsibility, go HERE: https://bpfclass.com/our-blog/f/the-case-for-an-allowance
Take a look at the four debit card life-skills list and my recommendations on where to find the right one for your family. Enjoy ❤️
Is your teen wasting money or clueless about how expensive life is?
We can help you fix that.
While other personal finance materials talk about wise choices, our class puts those choices in the teen's hands by letting them simulate their adult years to see if they can REALLY afford the life they have planned. Check it out!
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