Gift Card Ideas

Even with a schedule that’s bursting at the seams, we all somehow make time for our phones, apps, and social media. While it’s true our screen time could perhaps be a bit better, this is how we all stay connected with our friends and family.

You want to stay connected with all the amazing people in your life. That’s easier said than done. 

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.

Gift cards are the #1 consumer and business gift. Closed-loop gift cards like a Starbucks card make up the majority of the sales according to Mercator but prepaid gift cards, you know the Visa cards at the grocery stores, make up around 20% of the total market. These cards are very flexible for the recipient but have some drawbacks to gifting them.  Let’s take a closer look so you can make the best choice on what to gift.

Every year, millions of people make New Year’s resolutions, hoping to become in some way ‘better’ this year.  According to Statista, 51% of American’s planning to make a New Year’s resolution want to work on managing finances better.  It ties for the #1 resolution with eating healthier.