Should Parents Give Their Kids Money on a Debit Card as Allowance Instead of Cash?

If the thought of a child with plastic scares you...you're not alone.

Remember when allowance was a few bucks for doing some chores? Well, now some parents are handing out debit cards. If the thought of a child with plastic scares you…you’re not alone but here’s why moms and dads are doing this. It teaches kids money management skills they need as a whole we use less cash. This can also help teach kids to budget as well and create a stronger awareness between work and earnings. Finally, when a young person has their own debit card tied to apps, it will hopefully keep them from spending thousands of your dollars in online games.