Tuesday, March 10, 2009

Teens Get (Discover) "Current" With Money Management

Recently, I was talking with a friend who has a teen son. Of course the subject of how expensive teens are (and how they view money) came up. Although I'm not "there" yet (my son is almost seven), it seems the "money talk" is just as tricky and awkward for parents as the "sex talk". How much do you tell them in their preteen years? How much later on? And how do you get them to act responsibly when it comes to this facet of their lives. I mean, it is something they will have to deal with for the rest of their lives. How do you teach them to handle money in a productive, positive way?

Current by Discover can help parents. Basically? Its a (cool looking) debit card for teens. Plus, you (and they) can set spending limits, track and manage spending through email, text messages and online statements. If you've got teens with jobs, they can also load their paychecks onto the card through direct deposit.

The card also comes with advanced security features like $0 fraud liability. Lost or stolen cards can be temporarily suspended or deactivated, and card members can get an emergency replacement card.

The company also sponsors a financial literacy program across high schools nationwide through its Money Smarts Program. I don't know about you but I think alot of high school juniors and seniors could benefit from a little basic money management course. And just before they fly the nest and start their college years.

For more information on the program, click HERE.

This post was written on behalf of MomCentral.