This post is part of a social shopper marketing insight campaign with Pollinate Media Group® and Greenlight, but all my opinions are my own. #pmedia #GreenPMG  http://my-disclosur.es/OBsstV

Greenlight-debit-card-for-children-saving-disney-money-lessons-tips-Disney

Money Management for Kids

As my kids have gotten older, we started giving each child an allowance to teach them the value of money.

Our system works as follows, depending on each child’s age, they get a dollar for each year.  The twins currently get $8 a week, while Anthony gets $12 a week.  They only get paid if all their basic chores are done and their school grades are consistent.  No work, no pay!

Their basic chores include keeping their rooms clean, cleaning up their bathroom area, making sure their laundry gets to the hamper and their shoes aren’t thrown around as they walk in the door.  Basic tasks that keep the areas of the house that they regularly occupy tidy.

They also have opportunities to earn extra money by helping with bigger house projects, making honor roll at school, helping me with blog campaigns, and so on. 

Anthony is very financially savvy.  He loves to save his money, so when he asks for something I know it’s an item he has his heart set on.  However, up until recently his way of saving his allowance was to lock up all his cash in a travel trunk he keeps in his room.  This wasn’t the safest place to keep it and, I had no way of staying informed about what he was doing with it. So, we were both excited to learn about Greenlight, the smart debit card for kids!

Debit-card-for-tweens-teens-money-saving

Greenlight Debit Card for Kids

The Greenlight card is a debit card system for kids that allows parents to deposit funds onto the debit card through an app that is available for both iOS and Android.  While adding fund within the app, you can control where their money is spent and how much they can spend at certain types of retailers.  All, while the kids love the independence of having their own debit card and pin number.

image4 image5

The Greenlight card has been an amazing teaching opportunity for us, Anthony is learning how to manage his account, and he loves to watch the balance grow.

For me, as a busy mom, I love that I’m no longer rummaging for cash at the end of the week.  The app connects directly to my bank account so I can load whatever I want onto each card, as often as I’d like.  For the kid’s weekly allowance, the automated allowance feature is the best.  I set it and forget it!  The kids always receive their allowance on time and it’s off my to-do list.

image3

Anthony has been talking about getting a new limited-edition magic band at Disney World since last spring, so he took his Greenlight card for its first shopping trip last weekend and it was so fun watching him check out, you could see his confidence growing. 

Greenlight-debit-card-for-children-saving-disney
Also, he could check on the app to see his balance, while he decided whether to splurge on a pixie stick.

Greenlight-debit-card-for-children-saving-disney-sweets-tips

While he was making his purchases, I was always in the know too!  With the Greenlight card, you receive an instant notification of all activity on the account.  Which is an awesome feature especially as the kids start venturing into stores alone.

Greenlight is also a lot safer than cash.  If the card is ever lost or stolen, no problem, simply turn the card off within the Greenlight App. Parents can turn a card on or off at any time instantly!

Greenlight costs just $4.99/mo per family, which includes cards for up to 5 children. It also offers zero-fee loading for parents transferring money into their Greenlight account.

Greenlight-debit-card-for-children-saving-disney-learning-to-save

Take advantage of the special 30-day trial to see if the Greenlight Debit Card is a good fit for your family.

Sign up for Greenlight before 10/30 and they’ll deposit a $20 bonus into your account after the 30-day free trial ends.

*deposit bonus made approximately two weeks after free trial ends

Greenlight-debit-card-for-children-saving-disney-money-lessons-tips

Learning Money Management Tips with Debit Card for kids at Disney World

16 Comments on Teaching Money Management to Kids with the The Smart Debit Card For Kids!

  1. Bill Sweeney
    September 27, 2017 at 9:48 pm (1 year ago)

    It’s so important to teach the kids how to manage their money as soon as possible.

  2. Jenna Williams
    September 27, 2017 at 10:39 pm (1 year ago)

    It’s so important to teach kids about the value of money. These are great tips.

  3. Carly Brydon Anderson
    September 27, 2017 at 11:11 pm (1 year ago)

    This is such a great idea. Kids totally need to know the value of money for sure.

  4. Marcie Wahrer
    September 27, 2017 at 11:23 pm (1 year ago)

    Nothing is a better teacher than real life experience. Great idea!

  5. Alaina Bullock
    September 28, 2017 at 12:45 am (1 year ago)

    We love using these cards as a way to teach our kids how to manage money! It’s a great way to do it!

  6. Julee Morrison
    September 28, 2017 at 1:18 am (1 year ago)

    It’s never too early to learn about managing money.

  7. Chelley Martinka
    September 28, 2017 at 2:09 am (1 year ago)

    SO important to teach kids money management.

  8. Theresa Mahoney
    September 28, 2017 at 3:03 am (1 year ago)

    The earlier they learn about handling finances properly, the better off they will be in the long run!

  9. Censie Sawyer
    September 28, 2017 at 3:34 am (1 year ago)

    Great tips for sure.

  10. Rachel Krych
    September 28, 2017 at 3:59 am (1 year ago)

    It’s so important for kids to learn about money!

  11. Christy Stucker
    September 28, 2017 at 1:27 pm (1 year ago)

    My 9 year old & 13 year old will be hearing about THIS!

  12. Stefani Tolson
    September 28, 2017 at 1:28 pm (1 year ago)

    It is important to try to teach them when they are young.

  13. Dana Brillante-Peller
    September 28, 2017 at 2:35 pm (1 year ago)

    It’s never too early to start. We’re always reminding our boys about the importance of saving

  14. Jennifer Borget
    September 28, 2017 at 7:52 pm (1 year ago)

    This is such a handy thing to have for kids!

  15. Cyn Gagen
    September 28, 2017 at 10:14 pm (1 year ago)

    I just think this is a genius idea. I wish they had it back when my daughter was younger.

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment *