Our current situation, that I have become increasingly uncomfortable with, is we have 3 debit/bankcards on our account, my husband has one, and I have 2, but they are identical (I signed my name in Sharpie over the 3 digit CVC code, so I asked bank for a replacement card) and for ease of dispersing money every time she needs gas or wants to go out with friends, I have permitted my daughter to use the unsigned debit card, with instructions to sign her name, so I know she used it. She also has my PIN, which as I type this, is probably pretty risky, but I do trust her, to a point.
For the most part this system has worked, however, as most teens probably are, she thinks there is an endless supply of money and even after discussing that she needs to ask permission before just using the card on a whim, I feel she has been disrespectful to our requests.
She is 15 years old and not permitted to get a debit card on our account with her own name and as far as I know, not allowed to get any type of bank issued debit card even if she had her own checking account. I am looking for advice on how to possibly give her an allowance, while allowing the convenience of a card. Are reloadable charge cards a viable option? I have no idea how those work and if it would even solve my issue.
Please advise on possible solutions without negative comments on my gullible parenting. Thanks!
Submitted April 13, 2017 at 12:30PM by iowa_kay http://ift.tt/2obTWV7
