If you don’t know by now, we are a debt free family of 6 with 2 teens and 2 toddlers. While I LOVE the freedom blogging brings to gives us a stream of income, we wouldn’t be nearly as comfortable if it weren’t for debt freedom. While I certainly support whatever path my kids hope to go, be it entrepreneurial or employment, I definitely want to equip them with financial literacy. So far, this Greenlight card has been an incredible way for us to bond and learn life skills in a fun, engaging way!
As parents, it can be difficult to know how best to help our teenagers manage their finances. Fortunately, services like Greenlight offer a great solution that makes parenting easier while also teaching teens important financial lessons. Greenlight provides parents with an easy-to-use card and app for managing allowances, spending money, and even saving for bigger purchases.
Here are seven reasons why parents should consider the Greenlight card for their teenagers:
Safety and Security
Greenlight is a safe, secure and convenient way for parents to manage their teen’s spending. The card enables parents to set up limits on what, where, and how their teens can spend money. This means that parents will have the peace of mind knowing that their teens cannot overspend or purchase anything that is not suitable for their age.
Flexibility with Peace of Mind
Greenlight gives parents the flexibility to adjust spending limits and control where money is spent. With the Greenlight app, parents can customize spending categories and set controls on what, when, and where their teens can spend money. This offers parents peace of mind knowing that their teen’s spending is monitored and managed.
Teach Financial Responsibility
Greenlight teaches teens financial responsibility by helping parents to educate their teens about budgeting and smart spending habits. Parents can set up allowance goals, teach their teen the value of earning money through chores or a summer job, and track their teen’s progress towards achieving those goals.
Convenient and Quick
Greenlight makes it easy to send money directly to your teen’s card. Parents can use the app to instantly transfer money to their teen’s card, giving them instant access to cash when they need it.
Monthly subscription includes up to 5 family members
The Greenlight App carries a tiny monthly fee as low as $4.99 per month and includes access for up to five family members. For a small fee, parents can take advantage of all the features Greenlight has to offer—including setting up spending rules, sending money to their teen’s card, and monitoring purchases using the app.
Ease of use nearly everywhere.
The Greenlight card can be used almost anywhere Mastercard is accepted, online and in-store. “Almost,” because their cardholders are kids, and they have put important guardrails in place. Greenlight also works internationally in 150+ other countries, with no foreign transaction fees.
The Greenlight Card is a great option for teens who want to make purchases online or in-store.
You can get extra cash when you refer friends and family!
Finally, parents get $30 when they sign up for Greenlight. This offer is a great way to get started and helps parents save money while teaching their teens financial responsibility.
Getting your teen a Greenlight card can be an invaluable tool in teaching them smart spending habits and budgeting basics that they can use throughout their lives. With the safety, convenience and financial education benefits of the Greenlight card, it’s easy to see why so many parents are choosing Greenlight for their teens. Sign up today and get $30 when you use this link right here: https://share.greenlight.com/136907134
