Teach Your Children About Money Management

Would you recommend student debit cards to your children?

Maybe I would, if I am a parent myself. Why?

Because debit cards will not get you into debt unlike credit cards. The payments using a debit card are immediately transferred from my bank account, instead of me paying the money back at a later date. It’s also convenient since I don’t have to go to the bank to pay each month.

I know, just like credit cards, debit cards can be subject to abuse also but as a parent, I have the responsibility to teach my kids about money management. I know several people who knows how to spend money wisely early in life. Their parents have taught them well. When I was younger, nobody taught me the value of saving/investing money. I had to learn it all by myself. If someone had just encouraged me long before I started working, I probably have less worries about my future now. I learned my lessons, so when I get kids of my own, I will instill to them the importance of money management.

About malensky

I am fine. Thank you!
This entry was posted in Work & Money. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>