My teen son has been saving up for a guitar. This, after he stated he wanted a new laptop with more speed and capabilities. Both of my boys have been asking for new game systems. My daughter wants a new phone. The older they get, the more expensive their asks. As such, now is a great time to start teaching them about money management and the benefits of using a card like Greenlight, the smart debit card for kids.
Made for children and built by parents, Greenlight gives kids independence to spend their own money. However, parents retain control over where their money is spent and how much they have to spend in certain stores or types of retailers. Plus, no more worrying about having cash available when it comes time to handing out an allowance. Now, you can ‘set it and forget it’ with Greenlight’s convenient automated allowance feature.
With their app that’s available for iOS and Android, Greenlight also enables you to approve specific stores where your kids can spend money. Simply search for a specific store within the app and add money to your child’s card instantly.
Don’t want to set restrictions? Add money via the “Spend Anywhere” Greenlight and your child can spend that money where they see fit. You and your child will receive real-time notifications after each purchase. And it’s so much safer than cash. By using a unique PIN, even if the card is stolen, thieves will be hard pressed to figure out which stores the card will work at without also having access to the app.
Educating your kids about money can be tough. However, Greenlight makes it simple to provide teachable moments. It’s a great way for kids to learn about how to handle money wisely, how they can earn it, and also what it takes to save up for what they want. Because despite what kids may sometimes believe, money really doesn’t grow on trees.
Another great tool to utilize when kids have a specific product in mind that they’re saving for is our Saving For… Kids Money Ledger Printable.
Download the free Saving For… Kids Money Ledger Printable here
Our Saving For… Kids Money Ledger Printable is simple, straightforward, and makes it easy for kids to keep their eyes on the prize. With a space to write what they’re saving for, how much they’re saving, what they’re spending, and how much they need to save to reach their goal amount. There’s also a space for notes, where kids can brainstorm how they can earn more. Whether that’s through chores, mowing neighbors’ lawns, cash for good grades, or any other way to help out.
My 13 year old son has been asking for a guitar for awhile now. I have every intention of helping him acquire said guitar, but I want him to know the value of working for it, too. As such, we began filling out a Saving For… Kids Money Ledger Printable so that we have a game plan in place, can visualize how much he’s earning and how much more he needs to save.
Together with his Greenlight card so I know his hard-earned money is safe and secure, I feel we’re hitting the right note.
Be sure to take advantage of the special Greenlight 30-day trial to see if it is a good fit for your family. Sign up for Greenlight before 10/30 and they’ll deposit a $20 bonus into your account after the 30-day free trial ends! *Deposit bonus made approximately two weeks after free trial ends. After the 30-day trial, Greenlight costs just $4.99/mo per family, which includes cards for up to 5 children. It also offers zero-fee loading for parents transferring money into their Greenlight account.