Posts by NathanTaylor

Kids these days will never understand the value of money

I don't think it's true that kids will never get the value of money. True is that, in our society, money move fast in their hand. But we also have means for making them learn financial independence that we didn't have until a couple of years ago. Take my kid, he's 12 and I got him a Soldo Mastercard prepaid account (https://www.soldo.com). It's a family account, so I have a card as well, and one can have up to 5 cards, if I'm not mistaken. I can send money to his card instantly and I can check what he does with the money I give him via an app, on my mobile. I mean, I'm not staying there checking everything he does, but it’s good to know he cannot go around wasting money and we can even discuss his expenses if, for example, he comes back to me asking for more. This is a good way to teach kids the value of money, I believe.