Is this the year your teenager will be venturing off on Spring Break without you? Or maybe they decided to go on a friend only trip? It can be hard to decide how to give them money when you aren’t there. Cash can be risky as it is easily lost or stolen. Giving them your credit card is probably a no-go. According to a study by Incomm, 58% of parents have given their child a prepaid gift card to help them pay for something. Prepaid cards are a very flexible and safe form of payment because they (1) can be used almost anywhere, (2) they allow you to set a limit on spending. and (3) you can monitor the spending.
