Back-to-school not only means finally moving your kids out of the house, it also means that it’s time for their first lesson in financial responsibility. Getting them acclimated to the idea of budgeting their money will put them on the road not only to financial independence, but to financial responsibility.
And one of the best ways for them to learn about the business of finance is to encourage them to apply for a Western Union MoneyWise Prepaid MasterCard. The prepaid card is different from a credit card because it allows money to be added to the card in order to purchase goods and services. The card can only be used by people who are at least 18 years of age, and it can be reloaded over and over again. It also has no monthly maintenance fees, no purchase transaction fees, no overdraft or late payment fees, and allows students to only spend the money that’s available on the card.
And since security is just as important as financial responsibility, you can rest easy knowing that the money on the card is protected by MasterCard’s Zero Liability Policy if the card gets lost or stolen. The card even allows your kids to withdraw cash anywhere Debit MasterCard is accepted.
It’s a great way for college students to dip their toes into the grown-up world of purchasing, paying, balancing, and budgeting. And thanks to the card’s aforementioned lack of maintenance fees, transaction fees, etc., the MoneyWise card can actually help them save money. So this fall, see if you can squeeze in a few life lessons along with your students’ regular course load. They can start to learn good financial habits now that will help guide them for the rest of their lives.
Dana Robinson
Dana Robinson is the Editorial Manager of PromoCodes.com.
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