They can be the ideal way to help your adolescent children take steps towards managing their own financesWhat do you do when your children have moved beyond piggy banks but aren’t old enough for a fully fledged current account? The good news is that there are a number of “youth” bank accounts on the market that can help teenagers, and those fast approaching their teens, obtain their first debit card, learn about budgeting and take their first steps towards financial independence.However, which provider you choose will depend in part on how much financial freedom you want your offspring to have. Are you happy for them to have their own debit card which they can use in shops and online? Or would you rather they were limited to a cash card that can only be used to withdraw money from ATMs? Continue reading…
Source : theguardian.com
Read more…Where to find the best bank accounts for teenagers















