Before handing your kids their own money you should have a talk about expectations, both yours and theirs. Tell them what you think the allowance should be used for and listen to what they think. Make it a discussion, and remember to give them fair answers and kind advice. This is a chance to learn.
Countless surveys have shown that our older generations avoid talking about their private economy, which is not good for anyone. Meet any personal finance questions with openness and honesty. Setting the right tone now can be helpful in developing healthy money habits in the future.
With P.F.C. Junior your kid gets their own card and access to the app, including many of our popular features. Avoid time consuming visits to the bank, and no signing contracts. Just download the app and order within minutes.