I pretty much only use cash for buying things on FB marketplace, so the idea of giving my kids cash to teach them about responsible spending and value etc seems antiquated. But giving them a debit card seems too abstract. What are you all doing?
I give them money for doing things and in return, they get things. I advise them on spending but don’t force it. This way they are free to use their money but also learn effectively over time. If you force their decision, or override their decision, you effectively eliminate the learning.
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I give them money for doing things and in return, they get things. I advise them on spending but don’t force it. This way they are free to use their money but also learn effectively over time. If you force their decision, or override their decision, you effectively eliminate the learning.
But you’re giving them cash?
fun fact: most places still accept cash. even banks.
another intereating fact, they actually have to accept cash! it’s still legal tender, no matter how digital everything else nay be.