I never used to worry about our jobs or our financial situation. We even bought a house in October because I don’t think it hit us that our country is in a state of economic turmoil. I was online the other day looking at the job market in Orange County (which is where I live) and I noticed that there were no jobs in my specialty in the entire county. I am even more grateful that I have a job! We’ve definitely cut back…we’re eating out less, using coupons more, shopping for items on sale, and delaying big purchases. My son is definitely too young to understand the concept of money but I do want to instill within him a sense of responsibility as we raise him.
If you have teenagers, then you may want to consider a Current by Discover debit card. I don’t remember how old I was when my mother helped me obtain my first checking/savings account and credit card but it was likely close to around the time when I started working (at 16 years of age). While teens may have some understanding of what’s happening with our economy, they may not fully realize how this affects their desires for the latest fashion trends and gadgets. Discover Card’s innovative debit card is designed for tweens and teens ages 13-18 to help parents put a limit on their children’s spending. Parents can set a daily, weekly, or monthly spending limit, block merchant categories and track online spending. I like the fact that it stops working when the limit is reached without incurring additional fees (unlike credit cards that have much higher limits and overage penalties). Here are some of the key features of the Current by Discover debit card from the site:
Helpful Account Management Features: Parents can set spending limits, restrict merchant categories and track their teen’s spending through online statements, e-mail and text message alerts. They also enjoy the convenience of free, flexible loading options. Teens also can load their paychecks onto the card through direct deposit.
Advanced Security Features: Current is protected by Discover’s $0 fraud liability, which means cardmembers are never responsible for unauthorized charges – online, offline, anytime, anywhere. Current cards that are lost or stolen will be temporarily suspended or deactivated, and cardmembers will be eligible for an emergency replacement.
Financial Education Resources: Teens can learn how to spend smarter by logging onto the Account Center at CurrentbyDiscover.com. There they can view helpful articles on topics such as basic financial concepts, protecting yourself from identify theft, starting a savings program, and making your money go further.
Meaningful Rewards: Teens are eligible for members-only in-store coupons and online discounts when they use their card at select restaurants, movie theaters and teen-friendly merchants. What’s more, parents earn Discover Cashback Bonus or Miles when they load their teen’s Current Card using their Discover Card.
Low Pricing: Cardmembers pay a $5 monthly charge for each card, or save $10 by paying an annual fee of $50. Fees include four free ATM withdrawals per card per month.
If you’re looking for resources to teach you children how to spend, save, and manage money, check out the Discover Card website. So…would you give your teen this debit card to help them becoming more financially responsible?
- Discover Luxury at Sonesta Irvine: Your Ideal Staycation - August 8, 2024
- CHOC Walk Returns to the Disneyland Resort – Special Events and Ways to Support - June 28, 2023
- Beastly Ball Returns to the Los Angeles Zoo - May 8, 2023
Leave a Reply