Episode #13: Checking and Debit Cards

Did you know banks make $17 billion every year in overdraft charges? The Real-Life Money Game® teaches your teen about checks and debit cards so they don't contribute to the problem. A checking and debit card account is ideal for teens who have a regular source of earnings or income. A check register is the best mechanism for managing money. This tool enables teens to learn to record every transaction they make in a given month. Now you might be saying to yourself, as some parents have told me, "My son would never keep track of all of his transactions." Or you might object, saying, "I would never give my daughter a debit card. It looks too much like a credit card." This is a big concern expressed by parents, so listen to this video blog to find out how I address these issues.

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