Last year a 14-year-old spent $20,000 in 17 days on Fortnite and Twitch. A 10-year-old girl spent $7,200 in a few months on Roblox. These “free” online games are creating financial chaos for parents.
“My minor child spent almost $20k using a debit card on subscriptions & donations, cleaning out my bank accts (sic) without my knowledge or permission,” the Fortnite mother explained. “Years of savings gone in 17 days.”
How do kids spend tens of thousands of dollars on online gaming with parents in the dark? Lending family credit or debit cards for occasional small purchases plays a role.
However, not teaching kids to spend smart and save wisely is at the root of it.
Enter the Treasure Card, the educational debit card for kids. Treasure is more than a debit card and app. It is a financial education tool parents and kids use together to shape long-term, money savvy, adolescents and adults.
Treasure Card promotes wise money decisions, teaching kids to spend and save wisely. The Treasure Card app features: Tasks, Payday, Goals, Savings and Giving, and Debit Card.
Treasure’s mission is to make the next generation wealthy by empowering parents with tools to teach their kids how money really works. Get your family Treasure Card today.