PeaNut 540,917 January 2012 Posts: 265 Layouts: 5 Loc: New Orleans, LA
Posted: 12/31/2012 7:59:34 PM
I have one prepaid card I use for online purchases that I can't use paypal for. It makes it easier to prevent CC fraud and I only put what I need on the card or my allowance. Check with your bank many offer prepaid cards. At my bank kids get prepaid cards instead of debit cards. I got my oldest 2 one and that is how they get their allowance. No more loosing cash. It is easy to manage. I can manage how much they can spend in one transaction and how much they are allowed to withdraw at the ATM. It is a great way to teach them how to spend.