Managing your your child's budget

Teaching your child to manage his budget prepares him for a life of responsible, balanced adulthood. But with temptations everywhere, how can you teach your child good budgeting habits, without spending all his money on treats or video games? Here are five tips to help.

Amount & payment

Initiation

Visibility

Objectives

Liability

Define the amount of pocket money and frequency of payment

With the Bloon card, you can set up automatic transfers so that your child automatically receives his pocket money in his account, at the frequency of your choice. No more running to the cash dispenser because you've forgotten to pay your child's pocket money!

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Introducing them to budgeting from an early age

The Bloon card is suitable for children aged 6 and over. Thanks to the numerous parental control filters, you can restrict their use so that they can't buy on the Internet, or exceed a certain amount per purchase. And the older your child gets, the more you can relax the card's restrictions.

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Budget visibility

Thanks to the Bloon application, you can obtain detailed reports on your child's spending habits: 30% of the budget on fast food; €44 per month on Amazon; a €9.99 subscription he no longer uses... so you can correct his bad habits or adjust his budget.

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Setting realistic goals

To support these objectives, Bloon lets you create savings sections dedicated to specific goals, motivating your child to discipline himself and plan his spending accordingly.

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Giving your child financial responsibility

On the Bloon app, you can track your child's spending in real time and make instant transfers to ensure they always have the funds they need for essential purchases. If need be, your child can also ask you to release funds, validate a transaction or get reimbursed from the Bloon app.

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Budget management

How the Bloon card makes budgeting easier

LEARNING

Cash and traditional cardsare not ideal for learning how to manage a budget.

In fact, it's impossible to regulate a child's spending or identify exactly how he or she uses his or her money. This can lead to uncontrolled spending, making it difficult for the child to understand the value of money and develop good habits.

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SIMPLIFICATION

With the Bloon card, budget managementmuch clearer.

Thanks to its dedicated application, the Bloon card gives you total control over your child's budget. With the ability to choose precisely which transactions to refuse, it's easy to stay on budget. Thanks to the analysis tools, you can quickly identify bad habits and rectify them. In this way, you can prevent your child from overspending, while establishing a healthy relationship with money from an early age.