It's Like a Credit Card With Training Wheels: How Teach Your Teen About Money Management



Does your teenaged daughter ever look at you less like her M.O.M. and more like her A.T.M.? If it seems like every time you turn around, you’re reaching into your wallet to give your kid a little extra cash then the Bill My Parents SpendSmart card is the perfect solution.

It’s basically a pre-paid debit card that also works at ATMs and lets you fund it directly from your credit card or bank account. You can add money in on a weekly or monthly basis, or just as needed for her desperate quest for the perfect pair of jeans.

Plus, you get notified when purchases are made, and because it’s a debit card, she can’t spend more than she has in the account, which not only teaches her to make better financial decisions, but also doesn’t risk her credit rating (or overspending on your behalf). Think of it as a starter credit card that allows her to practice managing her own spending.

You can use it everywhere Mastercard is accepted. There is a nominal monthly fee plus fees when you reload or withdraw cash from an ATM. Best of all, if it ever gets stolen or you see that she’s shopping like a Kardashian you can shut down that card faster than you can say, “OMG!”

So you can teach your kids how to spend responsibly while keeping them out of your wallet.


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Digitwirl is the weekly web show that offers simple solutions to modern day problems. In 3-minutes, Digitwirl brings busy women the very best time, money, and sanity-saving technology, and then teaches them how to use it, step-by-step. Digitwirl was created by technology lifestyle expert Carley Knobloch, who uses lots of technology to manage her busy life as mom of two and entrepreneur. Become a subscriber to get weekly show alerts and exclusive deals at, or follow Digitwirl on Twitter at @digitwirl.

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