One of the ways I help my kids obtain financial freedom is by providing them with a prepaid visa card. They can make purchases at the stores, buy gas, and even online purchases without having a bank account, or a credit card.
The prepaid Visa card is like having cash, and for me it is like having a monitoring service. I will have a record of where and when they spend the money, and can relax knowing that I could reload the card whenever I am at the grocery store. It’s wonderful not to have to worry about them taking on the responsibility of credit card payments, or the need to have a current credit history.
Prepaid Visa Card