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As our kids have reached the teenage years, it has become increasingly important to us to teach them financial ability and confidence. In teaching kids the basics of handling money, it seems that actually handling money is vital. Letting them make their own spending decisions, teaching them to save up for items and even learning some hard lessons from monetary mistakes can be key to a child’s future financial savvy.

As kids hit the teenage years, this seems like a very important step for them to make as they transition into the adult world. Savings accounts, CDs, checking accounts and debit cards are all things that parents need to help their teens learn to manage.

I know that some of the older teens in our youth group have a Prepaid Visa card. This seems like a good idea for the older teen. The parents can put a certain amount of money into the account and the young adult has to learn to make the money last. The prepaid card allows easy money transfers, email and text account balance alerts and is free from many fees, including activation, transaction and weekly fees. It sounds like something that might be a good way for teens to practice financial know-how while still having some guidance and boundaries set by parents.