Still paying your teen with cash? Try the PAYjr Visa Buxx Card and enjoy the convenience of electronic allowances.
Teaching your children the skills needed to handle money is a vital
part of parenting. Money issues can be the foundation for depression,
anxiety, and is the number one argument for married couples. Start by
teaching your child good money management skills now to save them from
dealing with the trouble that follows poor money management as an
adult. You will never have a chance again when your children can learn
about money under the safety net of you and your guidance.
Most of us first learned about money through receiving an allowance.
But in a time that cash is no longer king, we need to teach our
children about how debt and credit work. There is not a better way I
know of then jrpay, otherwise known as, payjr. This is an online system
that helps you and your children keep track of chores, the money they
receive for them and their spending. Jrpay gives you a card, similar to
a debit card, that your child can use just as they would cash. It also
give them the skills to keep track of their money online. This will
be a skill they will likely be using with their own personal
banking as they move into adult hood.
Jrpay is like a free financial class for your child. They are able to
enter the finished chores online and then see their financial return
for the work. As a parent, you also get a chance to see what your child
is doing. And then you can give them the money allotted for their
chores and transfer it onto their jrpay card. Now they can shop just
like Mom and Dad do. And with just the lick of a button, they can track
their spending and savings online to help them get a better idea of
their spending habits. This way both parent and child can work together
to develop good habits early on.
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