6 signs your kids are ready for their first debit card

Letting your kids graduate from handling cash to carrying a debit card is a big milestone. And that leaves us with a big question: When’s the right time?

With the holidays around the corner and gifts to be bought, we’d venture to say right now is the perfect time. If you’re still on the fence, look out for these 6 signs that your kids are ready for their first debit card.

Sign #1: They’re always asking for cash (or worse, your debit card)

Hand them cash and they spend it. Lend your debit card and they lose it. Okay — we’ll give them more credit than that, but you can probably relate. While these options may get the job done, they don’t give you a long-term solution for sending money to your kids. 

With cash, kids won’t learn how to track their balances and set a budget. That’s where a debit card comes in handy — but instead of lending yours, you can get them a special one made just for them.

Sign #2: They’re starting to earn money

Vacuuming once a week or making the bed every day? We’ll leave that up to you. If your kids are starting to earn money — whether it’s an allowance or a part-time job —  they’re going to need a place to put it. And no, we’re not talking about piggy banks.

As soon as your kids start to earn, get them set up with the Greenlight card and app so they can complete chores and get paid an automated allowance. Ready for the best part? When they earn on their own, they’ll start to learn why it’s important to take good care of their money.

Sign #3: They’ve got spending down, but they could use help with saving 

Alright, so they’ve started spending money. That’s great! Spending wisely is a big life lesson on its own. But we have to ask… How are they doing with their savings?
 
The good news is you don’t have to have a long lecture about saving. They’ll learn all about it when they get a debit card and start handling money on their own. Plus, you can help them make saving a habit with automatic saving tricks, like Round Ups (so they send extra cents into savings) and Parent-Paid Interest (so you can set an interest rate on their savings).

Sign #4: They’re ready to buy things on their own

When your kids are starting to order pizza delivery or buy things online, they’ve already made the first step at managing their money. The next step is letting it happen — and putting guardrails in place to make sure they’re spending wisely and safely.
 
Every family is different, so you can use your Greenlight app to set spending limits that will work best for your kids. Let’s say one of your kids is already driving. You can set spending limits for gas only (no sneaky snacks from the gas station). Or maybe you have a child who loves spending at Target. You can set spending limits so those shopping trips don’t get too out of hand.

Sign #5: They’re thinking ahead

Ask your kids if they have anything big they’d like to save up for. Who knows? They may have big plans for their money. If they don’t, help them come up with savings goals. These savings goals can be short-term or long-term. 

Not sure where to start? Here are some of the most popular savings goals from our Greenlight families:

  • AirPods
  • Car 
  • Sneakers
  • College
  • Video games

Sign #6: They’re ready for the money talk

They’re asking you the difference between debit and credit. They’re wondering how much money you make. They’re buying you gifts for your birthday.

While these things may feel uncomfortable at first (talking about money is hard!), this is actually a sign that your kids are ready and willing to learn. Kids learn by doing, so there’s no need to sit down and have a napkin-math lesson on money management. That’s boring! Instead, get your kids their own debit card and let the learning happen naturally — with the help of Greenlight’s balance monitoring, real-time alerts and automated allowance to make your life easier at the same time.

Meet Brynn, a 12-year-old entrepreneur using Greenlight to help kids beat cancer

You’ve probably heard: If you have a talent, use it. But how about “Use it for good?” That’s exactly what 12-year-old Brynn G. is doing. Not only does she make and donate custom face masks to schools, she also sells them — and gives 20% of sales to St. Jude Children’s Research Hospital. Yep, that’s a whole lot of good.

Meet Brynn

Like most 7th graders, Brynn has plenty of energy. (Remember those days?) She spends her time cheerleading competitively, skateboarding and hanging out with friends — socially-distanced, of course. Here’s what makes her different: She runs a business. You heard that right — Brynn sews and sells face masks for her own company, B Creates. And she’s not planning on stopping any time soon.

How Brynn got started

Brynn honed her stitching skills alongside her grandma, who handed down the sewing machine she uses today. It wasn’t until the pandemic hit that Brynn turned sewing into a business. One day at home, she used the extra material from cropping a shirt to make a face mask. Her mom posted it on Facebook and word got out: This girl’s got talent. So, she started making and selling custom masks. And just seven weeks later, she had already sold 569 masks!

Brynn gives 20% of her sales to St. Jude Children’s Research Hospital — to help save kids’ lives. Did we mention she chose that charity all on her own? Major kudos. Brynn has also donated 20 masks to her local elementary and middle school… because everyone deserves a cool, custom mask, right? Think: colorful leopard, purple cosmic swirls and our personal favorite, llamas.

While Brynn sews the masks herself, she passes over the iron to her mom, Janice, who’s been supportive since the start. At first, Brynn wasn’t so sure about her business idea. She thought she’d get 20 orders, if that. Talking it over with her parents gave Brynn the confidence to really go for it.

After seeing how much money Brynn was making from masks, Janice decided to open her a Greenlight account to track it all. Janice can transfer money from Facebook sales right to Brynn’s Spend or Save accounts — empowering her to take matters into her own hands. So while Brynn is in the business of creating, she’s also learning. And you can’t put a price on that.

What’s next?

Right now, Brynn is using her Greenlight account to save up for a new sewing machine, so she can make more masks and raise more money for St. Jude Children’s Research Hospital. The jury is still out on where she’ll buy the new machine, so Janice set her Greenlight account to Spend Anywhere, giving Brynn the “green light” to exercise responsible spending
 
If you’d like to support Brynn’s mask-making business, head to the B Creates Facebook Group. All of her masks are washable, reversible and only $5. And remember: 20% of sales go to help kids who are battling cancer.

This Greenlight teen used his savings to publish a book series about overcoming your fears

Writers move and shape our world, and we know a Greenlight teen who is making a big impact with his wordsmithing wisdom. Stephen M. is a 13-year-old who wrote a book, runs a side hustle and is saving his money to publish an entire series. Writers and dreamers — this one’s for you!

Meet Stephen 

Stephen is a writer, artist, musician, athlete and entrepreneur. WOW! He’s been playing baseball since he was little, coached by a special someone — his dad. Recently, he moved all the way from Florida to Alaska. (Talk about a big move!) And at 13 years old, he decided to publish a book.

Ever since he could talk, Stephen has had a stutter. While 5-10% of children have a stutter at some point, about 3 out of 4 children outgrow it. Stephen did not outgrow his stutter, but he did outgrow his fears. So, he turned to his pen and paper to weave together a story made to inspire and educate the world on speech fluency disorders and disabilities.

How Stephen got started

Growing up, Stephen faced challenges with his stutter. He took the time to learn about it and he discovered that our differences are what make us unique and special.

In true writer fashion, he channeled his thoughts and feelings into a story and named the book Stutter-fly. Stutter-fly follows the story of a butterfly named Jimmy, who goes on a journey to learn how to overcome his stutter. What he ends up learning is so much bigger: He learns to love himself for who he is.

When he finished his story, he had one last step before publishing it. He needed an illustrator to bring his words to life with beautiful imagery. Here’s where Stephen’s entrepreneurial spirit comes in handy. He pulled together his resources, whipped out his business brain and started selling water bottles and candy to pay for a professional illustrator. 

He set a savings goal of $2,000 in his Greenlight app and picked up weekly chores to earn an allowance on his Greenlight card. After reaching his goal and picking an illustrator, Stutter-fly was born. 

Just like Jimmy the Stutter-fly learned (you’ll have to read the whole story!), Stephen has learned an important lesson about being nice to others. He plans to publish a book series to inspire readers of all ages to appreciate our differences as part of our stories.

To put action behind his words, Stephen saves 10% of his earnings for a non-profit organization he’s planning to start for young Black authors aged 5 to 17. No matter how old you are or what you do, there’s always a chance to do good with your money. 

What’s next?

Writer’s block isn’t hitting Stephen anytime soon. He’s already brewing ideas for the next book in his series. That’s right — series. He’s got big plans, with a goal of $8,000 to help him live out his dreams and bring his words to the world. 

In honor of International Stuttering Awareness Day, we hope Stephen’s story can inspire you and your family. To learn about International Stuttering Awareness Day, read more on Stephen’s website or order his book, Stutter-fly, on Amazon.