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Would you consider giving your teen a prepaid card instead of cash?

Teens seem to have things they want to buy...ok, many things!  As parents, we want to give our children money but, also want to balance that with building responsibility and also ensuring security (has your teen ever lost the cash you gave them?!).  Would you consider giving your teen a prepaid card instead of cash?  Why or why not? 

Please tell us what you think.  We want to know!

Yes (78.2%)

No (21.8%)

Would you consider giving your teen a prepaid card instead of cash?
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78
  • veraarlene By veraarlene
    on May 19, 2010  

    My granddaughter loves either gift cards or cash. I give gift cards to all childrens functions I go too.

  • monkeypuzzler By monkeypuzzler
    on May 20, 2010  

    My Son earns all his spending money so there is no need for us to give him one.

  • WhimsyCute By WhimsyCute
    on May 20, 2010  

    I feel young people should learn to handle cash before being handed a piece of plastic. Actually seeing and handling the $'s gradually being spent is a great visual cue. Seeing the cash dwindle may help avert impulse spending, and help teens learn responsible buying/saving habits. While it would be painful to lose cash, it would also be a very valuable lesson in handling money responsibly.

  • leeloolilo By leeloolilo
    on May 20, 2010  

    It would be great if I could choose where my teen could shop. Other than that it's great to teach them about spending/budget.

  • jen176 By jen176
    on May 20, 2010  

    It's a great way to start teaching them about responsible credit card use.

  • snyder26 By snyder26
    on May 20, 2010  

    I do not like the idea because the child never has the tangible element. I think the child should see the money and its value instead of a plastic card. They may grow up with credit problems!

  • 1tiredmomma By 1tiredmomma
    on May 20, 2010  

    My only concern that they are not easy to use at every location

  • steffyt By steffyt
    on May 20, 2010  

    I am not happy with the pre-paid cards. I find that most og them have hidden fee's that are too high.

  • kadysiga By kadysiga
    on May 20, 2010  

    I would only do this if the gift card did not expire and didn't deduct service fees after a certain amount of time.

  • Alickina By Alickina
    on May 20, 2010  

    I do not like the prepaid cards, becaus so many times you end up with less than $1 on it and it goes to waste. Some stores wont even allow you to use it with that little on it. With cash, I can encourage my kids to put that change into their piggy bank and we save it for the future.