As a parent, there are many things that you need to do for your kids, and teaching them these lessons while also improving their chances of a good future is one of the most important things you can do. It certainly isn’t easy and will take quite the time investment plus a lot of effort but we believe that it’s well worth it to make sure they have everything they need for an easier future financially. We’ll be covering the cards that can help you in this endeavor. As with any tool they aren’t a magical solution that will instantly do the job for you but they will certainly be a big help and make the process a hell of a lot easier. Let’s cover it so you can see if you wish to get a kids debit card.
What are the benefits?
The list of benefits is quite long so we’ll try to make it as concise as possible. Firstly and in our opinion most importantly is that they help the mental health of the kids by a large margin. They crave freedom so giving them in such a simple form will surely make them a lot happier and they will likely thank you for it down the line. The most important part is that this is the safest form of freedom you can give.
The reason it’s safe is that once you give one to them the built-in apps provide you with immense control and safety features which you can use to make sure nothing shady is going on and that they are being as safe as possible while still being happy. Sort of like being a watchful eye without bothering them at all, the perfect combination.
Lastly, it provides financial literacy by teaching them how cards work and what they can expect in the future once they grow up and get their own. This is a massive boon and it’s one of the simplest methods to achieve this. It’s a learning tool but it’s in the form of freedom and a very useful tool in general. The downsides of danger that may be present usually are removed due to the incredible safety and control features that you are given and which are very easy to use.
How good is it as a learning tool?
Some people may still have doubts that it’s a good learning tool so we’ll dive into that a bit more. It’s in our opinion an excellent tool for learning because they get first-hand experience. You can give them some cash and then they can learn from their mistakes while still being low-risk and not having the mistakes come back to haunt them.
Few learning methods are better than simply getting experience by doing the thing you wish to learn and these cards allow them to do so without having large repercussions as you limit the amount of money they can use and where they can use it. If they make a mistake you can teach them about it so they understand what went wrong and what they can do in the future to prevent it from happening again.
Depending on which card you pick you can also have access to some additional features such as investing for kids which can help teach them that too. Considering how boring investing is to most kids, having it be done in a somewhat interesting manner is a rarity that should be utilized considering how big of an opportunity it is.
Just remember to frame all of the learning and teaching you do in a way that is fun as it’s far more likely to keep their attention and have them listen to you down the line. When possible frame it in the form of games which will make it so they’ll likely be a lot more enthusiastic about learning and possibly come to you asking for advice instead of you needing to go to them.
Conclusion
Cards like this are incredible tools when used properly and can help incredibly speed up the teaching process as with any tool they should be used properly to get the maximum benefits possible.