Monday, May 31, 2010

With graduation right around the corner, teens are beginning to think about the personal freedom that lies ahead.  However, that also means financial freedom, and as a parent you want to be able to give it to them, yet still maintain some control over their spending.

The PayPal Student Account is a great way to offer teens financial freedom, while still maintaining a parental safety net.
High School graduation is the perfect time to get your teen started with managing their finances.  Give them a graduation gift of money by way of a new PayPal Student Account.

The PayPal student account:
  • Helps parents teach their kids money management skills.
  • Permits teens to safely use money to make purchases, both online and offline.
  • Allows parents to set spending limits and keep a full account of all money spent by their kids.
  • Makes transfers into the Student Account, check balances and track purchases a breeze, hosting everything in one, safe, secure online portal.
Lets teens get their own PayPal Mastercard debit card and use it to make purchases anywhere Mastercard is accepted. It is also much easier and safer than supplying your teens with cash or a credit card. Help your teens on their path to independence. The PayPal Student Account is a way for you to assist in your their financial education.

See also:   
Is Your Teen Ready For a Credit Card?
Teens and Money - Understanding Needs vs. Wants

Teens and Money - Cash, Credit or Debit Cards?
FamZoo - Fun Financial Management for Families 
Talk to Your Teens About Money


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