4 ms·
> Kid texts you after school and says they need $5 to go out with friends? Sure, pull up your phone app and instantly put $5 to their card. It's almost impossib
by pimlottc 10y ago
> Kid texts you after school and says they need $5 to go out with friends? Sure, pull up your phone app and instantly put $5 to their card. It's almost impossible to cleanly replicate this with cash.
Certainly this could be helpful in an emergency but what's wrong with encouraging your children to budget and plan ahead, rather than expecting instant gratification whenever they want it?
- ryanlol 10y agoYou might want to have two accounts for your kid, one for the card and one for "savings". Hence them messaging you to get access to those savings. In any case, I think cards and online banking give you useful tools that can make it much easier for your kid to learn budgeting and to track their spending.