Greenlight - How To Teach Your Kids Good Money Habits

Greenlight, The Smart Debit Card for Kids makes it easier to give my kids money and teach them how to make smart financial decisions. Check it out by signing up with my referral link and we’ll both get $10! https://app.greenlightcard.com/hhMotVLcx5 Thank you so much! ANAYAN

How To Teach Your Kids Good Money Habits

If you want to play a key role in shaping your children’s feeling [...] about money, you need to give them the gift of financial literacy from an early age. Here’s how.

As a parent, you want the best for your children. This doesn’t necessarily mean you want them to have the best clothes, the latest toys or coolest gadgets. Most likely, it means you want them to be safe and secure. And you want to lay a foundation that they can build upon to do well in life.

The question, then, is whether you’re teaching your children a key lesson that will impact whether they will do well. That lesson is about money.

“Without a working knowledge of money, it is extraordinarily difficult to do well in life,” 

Money is central to transacting life, day-in and day-out. Where we live, what we eat, the clothes we wear, the car we drive, health care, education, child-rearing, gift giving, vacations, entertainment, heat, air-conditioning...

Yet, plenty of parents aren’t helping their kids become financially literate. Nearly half of parents said they miss opportunities to talk to their kids about money and finances.

Kids, on the other hand, are eager for their parents to share their wisdom!

Anayan's first purchase with his debit card! He saved up for a blender!

CHORES

Set up weekly and one-time chores and motivate kids to do them by tying completion to allowances or one-time rewards.

Send kids money on the spot no matter where they are.

Receive alerts anytime the card is used. Even when the card is declined.

Greenlight is the only debit card that gives parents the flexibility to choose the exact stores where kids can spend.

Kids with smart devices can track balances in their Spend, Save and Give accounts with a special version of the app just for them. (Kids without devices can still use the card.)

If lost or stolen, parents and kids can turn the card off in an instant from the app.

Set Parent-Paid Interest rates on Save accounts to demonstrate the magic of compound interest.

Kids create saving goals and track their progress.

Kids can receive money from friends and family directly to their card through Greenlight Gift.

Control whether your child can use their card at ATMs and decide how much they can withdraw.

Teens with jobs can set up direct deposit and get paid directly into their Greenlight account.

Refer a friend to Greenlight and you’ll both receive $10.

There are no foreign transaction fees for the 100+ countries where Greenlight works.

Refer a friend (child) to GREENLIGHT and you will both receive $10 on your starting, first kid debit card!