US News Money: Are Prepaid Debit Cards Bad for Teens?
With two teenagers in the house, my wife and I spend a considerable amount of time discussing family finances. And for this reason, a recent article by Sheryl Nance-Nash caught my attention. In the article she argues that prepaid debit cards are a bad idea for teenagers. Our children do not carry a prepaid card, but it’s something I’ve given a lot of thought.
So we put together a list of factors to consider if you are thinking about a prepaid card for your teenager. ...