Debit cards for teens? Parents leery of giving teens credit cards, debit card seem like great training wheels. You load the cards with flexible amount of money. Kids use them with no danger of going into debt or overspending.

But easy access to plastic may prevent teens from learning how to manage money. Instead of a card, you might open a custodial bank account with your child’s money – and in your name that you oversee – with an ATM card. Then she can graduate to a debit card and get the hang of paying with plastic only when she has the cash to cover his expenses.

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