Updated: November 20, 2020 05:49 PM
Created: November 20, 2020 05:04 PM
Is your kid getting a debit card for Christmas? Why you may want to consider it.
All I want for Christmas is a debit card. Would you consider getting that for your kid? Before you say no, let me share this story. My 8-year old daughter loves clothes, and a few months ago she wanted a big poofy dress that cost $50. I said absolutely not. I don't have that kind of money for a dress for a child. And she said, “Mommy, just use your debit card.” She had no understanding of the fact that this represents real money.
That’s why I think Chase First Banking is an interesting concept. It's a free checking account for your kid that you control on your mobile app to teach your child about financial literacy. It's for kiddos ages 6 to 13. You can list chores or jobs for your kid and pay them on the app. You can limit where your child can use the card, and get alerts every time it’s used. And if your kiddo loses it, you have more protection than if your kid loses cash.
I researched other banks. Keybank has something similar, and nearly all the banks in our area have kid savings accounts to begin teaching your little one the value of a dollar earned and at least two dimes saved. Now that's a gift that keeps on giving all their lives.
Here are links to other kid accounts at banks in the Rochester area.
Can’t see Grandma for Thanksgiving? Send her a movie!
Speaking of the holidays, you'll remember last week I told you that Zoom is going to lift time restrictions and allow you to zoom with family all you day long on Thanksgiving Day. Now another company is letting you connect for free. It's called Tribute.
If you can't be with Grandma and Grandpa, you can send them a movie starring you, the kids, aunts, uncles, cousins, and the dog.
Making a Tribute video is far easier than learning to edit on iMovie and other video editing apps. And from now until the end of the year, you can make a tribute video for free. This is ideal for that aunt who just doesn't get Zoom or grandma who finds it cumbersome. Here’s a link to an instructional video.
As a consumer reporter, I get lots of product pitches. I need to tell you, I have no association with any product and only include the ones that have some free benefit to you. This will be a tough holiday for many of us. So I'll keep looking for low-cost or no-cost ways to keep us all connected.
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