Prepaid cards are a convenient option for parents (and for kids). Instead of constantly handing out cash, parents can load money into a prepaid card. While there are benefits to these, there are also quite a few downsides. Find out how to teach your teens to spend responsibly.
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Kids have a hard time believing that there isn’t an unending supply of money. It’s up to the parents to express the importance of a dollar and how hard it really is to come by. With these tips, your children will learn to understand and appreciate the actual value of a dollar.