Saturday, September 17, 2011

prepaid credit card

The husband bought the little man a prepaid credit card so the latter can use it to purchase things he needs for his online games. We decided on this path because we do not want him to have free access to our credit cards. Of course he needs my help when it comes to using the card for his online games because I did not save the information on the sites we used them but I made the mistake of adding the card to his touchpad and he has been using it to buy game apps. He actually bought ten game apps in one day which was ridiculous but his father said was cool. The games were not really expensive ranging from 99 cents to 1.99 but the fact that he bought a lot did not go well with me. I know he is still to young to be taught about being frugal but then he is too young to even have a prepaid card anyway. His father clearly knows how to spoil his children. It is endearing in a way but also scary when one thinks about the future. I know his older son is bad at managing his money, even racked up his only credit card and did not pay his dues which prompted the issuer to forward it to a collection agency. I don't want that to happen to the little man. I may sound to be overly paranoid worrying over something that has not happened yet and so far in the future but as a parent I cannot help myself. I told the husband we will not do this again anytime soon. I already told the little man about the plan, even explained to him what will happen should he spend all the money in the card and it seems like he understands. He has not bought anything for his touchpad after that day. Or maybe it has something to do with me locking that account with a password? Whatever works to cut his spending. We have to teach him to be responsible with money.

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