With some teens, you might as well give their allowance directly to Best Buy, GameStop, or Cinemark, because it’s going straight there anyway.
There’s got to be a better way. And now, there is. Harness the power of the Boy Scouts of America Discover® prepaid card, which lets you monitor your kid’s daily spending, teach him or her how to create and manage a budget, and do it all while benefiting the Boy Scouts of America.
I mentioned this program last year, but it’s worth repeating: This isn’t a credit card. Instead, it’s a prepaid, reloadable card that’s safer and more practical than the wad of cash in your Scout’s or Venturer’s cargo shorts.
Parents can monitor purchases through the online or mobile site, giving them instant access to increase or decrease allowance and ensure that said allowance is being spent wisely. There’s also a wealth of financial education materials, including videos, games, and budget calculators that families can explore together.
Scouts get the benefit of instant access to their cash, peace of mind knowing they’re not broke if their wallet goes missing, and live safety and emergency services coordinators, available 24/7 if they’re ever in a jam.
And here’s a cool bonus: Local councils get a piece of the action. A portion of proceeds are sent right to councils so that Scouting in your community can thrive.
To learn more or get a card for your Scouts, go to scoutsarethrifty.com.
Now that the program has been up and running, mFunds has answered some frequently asked questions about the program: Continue reading