If you want to give your kids the best cash app card designs and encourage them to use and learn more, BusyKid is the place to be. Not only do we have an incredible debit card specifically designed for families, but we also give you the option of choosing among 10 incredible designs.
But first, let’s take a look at why and how debit cards for kids even work and whether your child needs one.
Benefits of Debit Cards for Kids
Prepaid or debit cards like the ones BusyKid offers are excellent financial tools. They not only introduce children to money but also allow them to learn how to use it to the best of their ability.
Children can practice by doing, and pick up on many incredibly important financial lessons that are sure to serve them a lifetime. Here are just some of the benefits of owning a debit card for both parents and kids.
Easier to Control and Oversee
By giving your children a custom cash app card, you’re the person deciding how much they can spend. With a BusyKid Visa® Debit Card for Kids*, you can set spending limits as well as monitor what they’re spending through the app. With fantastic cash app card designs and cards, your kids will have a sense of spending freedom. And you would be there to oversee it all, of course.
Possibly above all else, debit cards are a fantastic educational tool in more ways than one. Giving your child a card at a young age can give them time to practice money management habits sooner rather than later. That way, when they’re adults, they can make much more sound decisions regarding their finances.
The world is becoming increasingly more cashless and money risks are becoming less tangible and obvious. So teaching children about digital money is a key life lesson.
By going through their monthly or weekly reports together, you can get your kids started with budgeting and investing. What’s more, if and when their allowances dry up, it’ll be another key lesson on budgeting and the importance of emergency funds.
Once they understand the difference between their needs and wants, kids will be able to make better financial choices.
Safer Than Cash
No matter how fun or stylish the cash app card designs are, there’s very little to do about it if the card gets stolen. However, there are even fewer choices if someone took or they lost their cash.
Backed by Visa® Zero liability policy, the BusyKid card is a much safer and more secure option than cash. If lost or stolen, the card can be immediately locked. What’s more, with a press of a button, we can start the replacement process to get you a new card.
No Possibility of Overdrafts or Debts
With credit cards, there’s always the possibility of overdrafts or debt. However, with a debit card, kids can’t spend more money than is in their account. There’s no excessive bill at the end of every month as there’s no risk of overspending.
Not only that, but since they can’t overdraft their accounts, they can’t negatively impact their credit scores. That all is to say that your kids get a safe tool with which to learn and make mistakes, that won’t cost you or them in the future.
They Can Start Young
Speaking of credit cards, unless you have your child become an authorized user on your account, they often won’t be able to get them until they reach young adulthood. That is far too late for kids to only be starting with their financial lessons.
Research from Cambridge University shows that our approach to money is essentially set by the age of seven. So if you want to set your kids up for a healthy financial future, the best way to do it is by starting early with a card.
They’re a Fun Way to Learn About Money
It can often be difficult to get kids interested in what can be complex topics like budgeting, saving, and investing. Breaking it down for them once or twice simply isn’t going to work because they probably can’t absorb all that information. Not unless they practice it.
By giving your children a BusyKid card, you can make the topic of money more approachable and fun. The entire process of using the app and the card, budgeting, and spending is incredibly interactive and makes it more enticing to learn.
With incredibly fun and fresh cash app card designs, kids can also truly make their cards their own. At BusyKid, parents can apply for up to five Spend Cards that feature over 10 cash app card designs, all unique in their own way.
How to Find the Best Debit Card for Your Child
The debit card you choose will depend on your children’s ages, needs, and levels of financial responsibility. The goal is to teach your kids about money, but every card or app will have different features and ways of doing it.
What’s more, the card should be secure, reliable, and accessible. Also, ideally, parents and kids will have access to phenomenal cash app card designs.
Why Choose the BusyKid Visa® Debit Card for Kids
With the BusyKid Visa® Debit Card for Kids, the process from chores to spending is streamlined and easy. Parents can add allowances and decide how much their kids should earn for doing their chores.
In addition to identity security, the debit card will have the same access and security as all other Visa cards. Parents can also have full control of allowances and track the transactions. Moreover, funds are insured by the FDIC and BusyKid aims to provide the highest level of protection to all accounts.
With the BusyKid debit card and app, your children will get the opportunity to invest in over 4,000 stocks and ETFs. It is a feature provided by BusyKid for no additional charge.
For only $4/mo when billed annually, parents and kids will get access to our incredible cash app card designs and a plethora of useful features. These include digital chore charts, an extensive list of charities to support, rewards and bonuses, and an activity feed. There are also parental activity monitoring, parental money movement controls, parental matching, and so much more.
If you want to give your kids the best financial tools to succeed, download BusyKid today!
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* BusyKid Debit Card is issued by MVB Bank, Inc, Member FDIC, pursuant to a license from Visa®️ USA Inc. Cliq® is registered ISO/MSP of MVB Bank, Inc. All cardholders funds are insured by the FDIC in accordance with the FDIC’s applicable terms and conditions. For more information about your card terms and conditions including the VISA Zero Liability policy go here. Cliq®️️ is registered ISO/MSP of MVB Bank, Inc.