How to manage your your teenager's pocket money

Despite your best intentions, managing your teenager's pocket money can quickly become a burden. So how do you reconcile practicality and education? Find out below how to easily manage your teen's pocket money.

Children's card

Clear rules

Digital tracking

Types of purchases

Savings

Choose a card for children

With the Bloon card, your child can manage like a grown-up: cash withdrawals, in-store purchases, online payments... And securely, because overdrafts are not allowed and you receive notification of each transaction.

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Set clear rules for pocket money

From the Bloon application, you can set the rules for using the card: amount, type of expenditure, frequency, etc. Your child cannot spend more than he/she has on his/her account, as overdrafts are impossible. Finally, you can block funds for specific projects (bike, shoes, etc.).

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Use digital tracking tools

With the Bloon app, your child can ask you for transfers in real time, whether it's for an unexpected purchase that exceeds his or her budget, or to pay off a loaf of bread. You can also keep track of everyone's debts, manage the account of several parents, and siblings can transfer money between each other.

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Block certain types of purchases

The Bloon card lets you set the parameters for authorized spending. You can automatically block purchases when the amount, merchant or location are not to your liking, among other possible criteria. You can also activate payment authorization, to receive a validation request before any online purchase.

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Facilitating savings

On the Bloon app, your child can easily set aside money in dedicated accounts. They can also track their savings and identify new strategies for saving more each month.

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Teen pocket money

How the Bloon cardhelps you manage your child's pocket money

Tools

Pocket money can quickly become complicated to managewithout the right tools.

Children often end up asking their parents to make purchases for them, and it's hard to keep track of the money you've advanced. This wastes your time on a day-to-day basis and makes it difficult to keep track. Children don't learn to manage their money well, because they rely on you most of the time. And when family members want to make a financial contribution, it's even more complicated!

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SIMPLIFICATION

With the Bloon card, managing your moneymuch simpler.

The Bloon card offers you a range of practical features: automatic transfer programming, multi-parent account management, project-based kitty to get the whole family involved, real-time authorization request for online purchases... So you can keep an eye on everything that's going on, and the application keeps you informed of money movements. You spend less time managing pocket money, and more time bonding with your child.