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Teens & Money Target - Shared screen with speaker view
Mary Kadrie
31:33
ironically have a 1pm appt at Wells fargo (my main bank) to open a savings acct and get a debit card for my teen. Any considerations for a nearly 14 y/o.
BCU Zoom
31:45
Emily.Sander@Targetcu.orgMichelle.Kluck@Targetcu.org
Donette Ambrosy
33:05
@Mary you might also want to look into a GreenLight card if you feel your teen won't manage a checking account appropriately yet. You can add funds ad hoc and turn the use of it on/off via app on your phone.
Emily Sander TNC
36:05
@Mary I would be happy to discuss the options that the Credit Union has to offer your teen. Feel free to reach out directly Emily.Sander@Targetcu.org
Sherry Hochstatter
36:32
@Mary, if you are going to issue your teen a debit card I would recommend it be linked to a checking account. There are regulations (Reg D) on the number of withdrawals that can occur on savings accounts per month.
Emily Sander TNC
38:28
@Sherry great point! We do not recommend linking a debit card to a savings only for that reason!
Kylene Webster
01:04:34
Dave Ramsey has some great teen resources...even a class they can take
Chandra Stone
01:05:07
I don't have a unique savings tip, but just wanted to say my son and I met with Emily Sander to get him set up with a debit card/checking account and she did a great overview for him. Info coming from Emily he was happy to hear versus coming from just mom and dad/lecture format. So set up time with Emily!
Carey Meyer
01:05:32
My girls are 12 years old, if they get any money as a gift, they put half of it into their savings account and can keep the rest as spending when they want.
jen !
01:05:46
my 17 year old wants to try buying stocks can she do that at 17?
Emily Sander TNC
01:08:21
Thank you, Chandra! It is my pleasure! Feel free to email me if you would like to set up an appointment Emily.Sander@TargetCU.org
scot dauner
01:09:19
I got my kids credit cards, their names but my account. they have built a credit scores and it was a great safety net once they started driving.
Amber Hague
01:12:51
For a 13 year old, what do you recommend for a debit type card with no monthly/annual fee as I believe you mentioned for the checking/debit card with BCU they need to be 16.
Deepa.Sarasamma
01:12:52
Is pre-paid debit card a good option to start with?
BCU Zoom
01:20:33
Emily.Sander@Targetcu.org Target North Campus Branch ManagerMichelle.Kluck@Targetcu.org Target Plaza Branch Manager
Serenity Smile
01:25:40
Is it possible to have our 16 year old have a secured BCU credit card with us?
Deepa.Sarasamma
01:26:28
Great session, thank you
Amber Hague
01:27:48
Thank you Dan and team!
Serenity Smile
01:28:19
Thanks for this session!