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Bieber Backs a Debit Card for Teenagers

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 SO I see an article on Justin Beiber advertising a not so new product. This is for prepaid debit cards that have certain restrictions/limits available to be added by parents. I personally give my children cash, but what to you think? Is a pre-paid card you can track a good way to teach kids to manage their money?

 

http://finance.yahoo.com/news/bieber-backs-debit-card-teenagers-021124382.html

 

by on Apr. 12, 2013 at 10:05 AM
Replies (11-16):
MichelleK41
by Bronze Member on Apr. 12, 2013 at 1:08 PM

It is a better idea then a personal credit card.

pittymama
by Bronze Member on Apr. 12, 2013 at 2:37 PM

i think justin bieber needs to go away. that's what i think.

jessicasmom1
by Silver Member on Apr. 12, 2013 at 2:48 PM

I think it is a good idea to be able to teach ... how to save and spend responsibly

arpazia
by Silver Member on Apr. 14, 2013 at 4:58 PM
Yes! I think they use terms most people won't understand too


Quoting chattycassie:

 I agree, I think the pre-paid cards have too many fees and hidden cost.


Quoting arpazia:

Um, I don't think it's a great idea.
Heck, I don't think adults should have them!

 


Posted on CafeMom Mobile
Firenygirl180
by Gold Member on Apr. 14, 2013 at 5:06 PM
I think once they start working it would be a good place for their paycheck to go. I know KMart either gives you a debit card like thing or you have to have direct deposit.

It could be good for gas money when they are old enough to drive as well.

I'd rather hand my 16 year old a prepaid card with $50 on it for him to get gas than give him my card.
I think teens should learn with and user real money as well, but i feel like when my kids are in their teens, 10 years to go, cash won't be something lots of people carry.


Canada already got rid of their Penny.
Posted on the NEW CafeMom Mobile
KristinRox
by Bronze Member on Apr. 14, 2013 at 8:41 PM

Yeah I guess. I havent ever seen this product here, or even thought abut it with my kids. I just give them cash. 

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