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They Want to Hand Your Kid a Debit Card. What Do You Do?

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Then, a few basics. If you’re seeking regular allowance distribution and management, most services can handle that. But if you’re paying your children for chores and want to check tasks off on a line-item basis before pushing money onto a kid’s card, that’s a feature that you should select for specifically. Gohenry does this, and FamZoo helped pioneer it.Also, what financial behaviors do you wish to encourage — or change? Many parents like to reward savings with automatic interest-rate boosts or goal-based bonuses. “That allows parents to exaggerate the point to make the point,” said Tim …

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