Teaching children about money and finances is an essential life lesson that can help them become responsible spenders in the future. While instilling healthy financial habits is a continuous practice, you could begin educating them through debit or credit card ownership.
Having a payment card can teach them money management skills, financial concepts and help them understand how to responsibly handle financial tools. It’s important to consider the benefits, drawbacks and various card options before determining if your child is ready to learn, use or acquire a debit or credit card.