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Should I give my 14 year old a debit card?!?

Author :

Submitted : 2018-06-15 05:43:56    Popularity:     

Tags: year  give  card  debit  

Sure, with $100 bucks on it. And then when you see a couple new videos games and the card is empty, teach him about money. That's a personal decision.

Answers:

Sure, with $100 bucks on it. And then when you see a couple new videos games and the card is empty, teach him about money.

That's a personal decision. Nobody here knows your child or the values or financial responsibility you taught them. It also depends on what the reason you think your child needs one.

No.

If he's earning money (paper round, odd jobs etc) and if he's sensible, then let him have one. When I was 14 I didn't have a debut card but I did have a post office account which I could access. If he has a card, it also means he has a bank account of some kind and that will get him used to paying money in, saving it and so in.

I would say that you should put a limit on how much he can take out each time (say £50 a week) and also educate him. Tell him that it's not a bottomless pit, and that when the money is gone, it's gone.

I wouldn't. You should be overseeing all of his purchases. When he is 16, I'd be starting to give him some freedom. Not at 14. However, for an online "approved by you" purchase, I'd give him your credit card - for that one purchase. The moment he abuses it, IF he abuses it, is the moment you turn him into the police. I'm not saying you have a bad kid.

How fast do you want that debit card drained?

No I wouldn't say, wait till their older, many people get theirs when their 18, like I did. I'm confident your 14 year old will spend everything like crazy. But I don't know your 14 year old, only if you truly trust them with it.

No, that's to young. Wait until they're 18

No

if you trust your child with your money, yes.



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