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Faux Debit Cards for Kids

Posted By Jim On 02/15/2006 @ 3:53 pm In Credit,Personal Finance | 8 Comments

I saw a post over at AllThingsFinancial about giving a 10 year old a debit card [3] and I thought in principle it’s a good idea, in practice though it could be a disaster. The article itself is about JLP’s allowance policy and how he believes it’s more important to teach kids about real money instead of plastic (I agree) but I think that education on credit does have it’s place at an early age. It’s important to make the link between a credit/debit card and real cash, that is they should be treated as one and the same. Why not give your child a faux debit card, instead of a real one that they can lose, that acts like a real credit or debit card? Feel free to use my MS Paint debit card below as a starting point.

Print that baby on some cardboard stock paper and they’ll be ready to swipe in no time!

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[3] giving a 10 year old a debit card: http://www.allthingsfinancialblog.com/2006/02/15/a-debit-card-for-a-10-year-old

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