Giving your child a debit card can be an excellent way to teach them about money and budgeting early in life. With consumer debt in the US growing to over $14 trillion, according to CNBC and the Fed, any step you can take to help promote financial literacy early can go a long way.
However, not all debit cards for kids are created equal.
Some have higher monthly fees. Others are free but have ATM and card reload fees. And a few cards offer features above and beyond the competition.
It’s important to understand your options before choosing which debit card to get your kid, especially when it comes to cost. So below, we compiled a list of some of the best debit cards for kids, including a couple of free options you should consider.[Read more…] about The Best Debit Cards for Kids to Teach Them About Money