Money cards for recession-savvy kids – answers
questions
- How does the reporter describe this teenager? as being ‘on the go’ – active
- What is she already able to do? manage her spending
- How? by using the student account card her Mum (Mom) gave her
- What are American kids learning at a younger age? to manage money
- Who provides this particular card? Paypal
- What kind of card is it? a debit and credit card
- How does the card affect the parents’ credit status? it doesn’t, the card has no effect on anyone’s credit
- How does it help control spending? it has a limit and checks with the account holder
- How is the mother’s hold on her daughter’s spending described? firm but invisible
- What does the card enable parents to see? what their kids are buying
- What word describes what today’s parents are paying attention to with their children? transparency
- What items are paid for from Melody’s own allowance? luxury items or impulse purchases