FlipGive Stories Sports Parenting

5 ways to use your kids’ debit card to talk about holiday spending

Nov 07 2020

FlipGive is a free team funding app that makes raising money a breeze. Teams earn cash back for buying the things they already need. Get paid whenever you shop, dine out, book hotels or activities.

Managing money with your kids can be a difficult conversation. Particularly around the holidays, and with household budgets tightening after a whirlwind 2020, talking about saving versus spending is more important than ever. Thankfully, there are new tools that parents can use to not only teach their children about the value of money, but empower them to manage their own spending, and provide a sense of financial independence to children of almost any age. FlipGive has teamed up with Greenlight to help make that holiday conversation easier than ever!

Greenlight is a debit card for kids that works just like any other, but is managed with help from their parents. Parents can easily send money to their child's Greenlight card with the Greenlight App, but it does so much more than that. It also lets parents see how children are using that money, and can even automatically transfer allowances. Greenlight also lets kids set savings goals for things they want, and can split the money parents transfer into Spend, Save, and Give categories to help even further with foundational money management. Read on to discover how Greenlight can empower your child's spending this season!

Create a fall budgeting bucket list 

You’ve probably seen the fall bucket lists that are all over Pinterest right now. Your kids can make one too! With your budgeting bucket list, talk about saving, setting spending limits and picking up extra work to bump up the budget. Here’s a list for your kids to get started: 

  • Pick three outdoor chores to add to your rotation as the temperatures drop. Every two weeks of allowance (it’s automated!), put a % in your holiday gift funds.
  • Spend on one fun fall activity. Take a picture and pat yourself on the back because you budgeted for it. 
  • Set a new savings goal every month for the rest of the year. Have some fun with it! 
  • Have a practice negotiation exercise with a scarecrow or a pumpkin. Remember: negotiating your allowance impacts your budget! Make it fun with an autumn-themed negotiation subject. 

Let them spend

Probably not the advice you were expecting, right? Well, if you haven’t heard it enough from us… kids learn by doing. They learn what it means to spend money when they actually do it. 

Let’s face it — they’re going to spend money at some point. And if you want a nice gift over the holidays (wink, wink), it’s better to be there with them for their first big purchase so you can point out ways to save up for the next one. Go online shopping together and let them pay for a holiday item of their choice (like decorations for their room or a holiday gift) using their Greenlight card.

Look for sales together

You know what’s better than scoring a sale? Finding a sale with your child. It’s the parent jackpot because 1) You’re both saving money and 2) You’re laying the foundation for your kids to always look for sales. 

From early bird October deals to Black Friday, you have lots of opportunities to teach your kids the value of a good bargain. When Cyber Monday rolls around, take a moment to talk about online safety. And when we get to December (finally!), show your kids how to use their Greenlight app to create different buckets for their holiday spending. P.S., if it gets too out of hand, set spending limits in your companion app.

Make a gift list

One of the greatest joys of the holiday season is giving. Instill this habit in your kids by sitting down and drafting a gift list with them. From Uncle Jim’s chocolate-covered pretzels to gag gifts for the siblings, this exercise will get your kids ahead of the game on their shopping lists — with an estimated cost for each gift. 

Aside from holiday gifts, kids can also celebrate generosity by giving back to the community. This year, volunteering might be tough (unless you’re volunteering virtually), so a nice alternative way to give is by donating to charitable organizations.

 Remember what matters

It’s easy for shoppers of all ages to get caught up in the holiday spending chaos. With COVID-19, budgets may be tighter and celebrations may be different. Come back to what matters most: your family. 

While this may not be a “money talk,” it’s a great real-life talk. Let your kids ask their questions or express their opinions about this holiday season. We’re all doing the best we can, so if you need a friend, coupon expert or budgeting tool, you can always lean on Greenlight.

Comments

  • Digital India01 10 days ago

    Enjoyed reading the article above , really explains everything in detail,the article is very interesting and effective.Thank you and good luck for the upcoming articles
    Digital-India
    Data Entry Job
    Download E Aadhar
    NSP 2019
    Mgnrega 2
    CSC UTI
    Download Aadhar Card
    Login To Edistrict
    OBC Online
    UP Scholarship
    E Pan card Download
    Mahaonline Login
    Eadhaar
    Mksy
    E-Aadhaar-Download
    CSC-Digital
    Upagriculture
    CSC-Vle-Loging
    Sewayojan
    NSP
    CSC-Portal
    Digital Seva
    CSC-Login

    Sweta.......

  • Ben Tredin 11 days ago

    If you need something for pain, read about the best cbd gummies for pain. Who knows, maybe they can help to cope with suffering and ease the pain. https://cbdgummiesforpain.org

  • jordane kutch 13 days ago

    Your blog is great. I read a lot of interesting things from it. Thank you very much for sharing. Hope you will update more news in the future. bubble shooter

  • James Carry 18 days ago

    Yes, it's great to see that the games' time has returned. Many parents and children enjoy this period since there are more options for amusement. Anyway, for pleasure during this pandemic, I've been watching this online pinterest download videos, which might be of interest to you as well. Thank you for taking the time to write this article and share it with us.

  • chan talley 25 days ago

    Yes, we provide this sort of service for family members on important occasions 2 player games

  • mabel goodrich about 2 months ago

    The importance things about credit card use is related to the matter of being fraud. Personally, I do not allow my child with my credit but I provide all the things they need at anytime. I am a senior executive manager at this ulive site and help people with cam chat opportunities with the popular stars, actors and actresses all over the world. By the way, I have learned many important issues about real life situation and financial matter from your posts. Thanks for sharing this post with us.

  • Joe Anderson 2 months ago

    We at Atlanta Drywall Contractors teach our kids the importance of saving money, not only for their future but to value their hard work getting that money.

  • jason smith 2 months ago

    Last year I got this favour from my companyYou might not have any desire to uncover the dollars and pennies that you intend to spend on gifts.

  • jason smith 3 months ago

    Last month visited https://albanynyelectrician.com online they offer this deal for home appliance repairing for kids room appliances.

  • monica jones 3 months ago

    Yes we offer this type of scheme for family on special occasions for coronado island hotel.

  • Kelly Peters 3 months ago

    Thank you for sharing this blog. I hope you have a lot of these on the net now. Miami SEO

  • Kelly Peters 3 months ago

    Awesome! Talking about money should include your family's views on the best ways to use money. medical massage near me

  • Joel Rey 3 months ago

    Explore on hand ways you may hold incomes from domestic, within the long ... A few websites wherein you could make money by way of creating excessive best, Switching financial institution debts may be a pain, but a number of write my research paper excessive street banks offer switching bonuses for Maximum assessments are around $10 and could be paid without delay into your PayPal.

  • Joel Rey 3 months ago

    Bonuses come in many sizes and styles (all of which we're going to explain later), however, and it tends to pay off—individuals who recognize they are able to Write My Assignments make more money with the aid of bringing in an extra ... Set percentage of your annual income, say everywhere from 5% to ten%.

  • nolan faulkner 3 months ago

    I was surfing net and fortunately came across this site and found very interesting stuff here. I really liked the way you presented your event and how you made it interesting Fall guys

  • Victor Bradford 3 months ago

    Well, this trick works for every card or with the specific? Just like the online assignment writing service delivers not in the UK but for the whole world.

  • zena bartell 4 months ago

    Maintain the great. For certain I will certainly evaluate out more blog posts an all the time. I'm happy to see the considerable subtle element here!. geometry dash slope unblocked

  • Team Member 864771 9 months ago

  • Team Member 864771 9 months ago

  • Team Member 864771 9 months ago

    testme

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago


    * Comment

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

    <img src onerror=console.log(1)>

  • Team Member 863521 10 months ago

    I am red

  • Team Member 863521 10 months ago

    @import url(https://google.com/staging?len=32);

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

    Book Coaching Call

  • Team Member 863521 10 months ago

    First name:



    Last name:



  • Team Member 863521 10 months ago

    First name:



    Last name:



  • Team Member 863521 10 months ago





    Book Coaching Call

  • Team Member 863521 10 months ago

    aaaa

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

    @keyframes x{from {left:0;}to {left: 1000px;}}:target {animation:10s ease-in-out 0s 1 x;}

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

    mainteemoforfun"{{7*7}}l,lll

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

  • Team Member 863521 10 months ago

    ">

    aaa

Sports Are Expensive.
We Can Help.