***Disclosure: This post was sponsored by This is a sponsored post written by me on behalf of Current. All opinions stated below are 100% my own.***
Teenagers are a being all of their own. I personally remember what life was like at that age. I thought I knew it all and was ready for freedom. Now, I’m on the opposite end of that spectrum. As a mom of a 16-year-old teenager, I’m constantly looking for ways to teach him life lessons in creative ways. I’m partnering up with Current, the debit cards for teens is helping me teach Gabriel about one of the most important things about growing up… Money Management.
If you have never heard of Current let me tell you a bit about them. “Current is a financial technology startup that enables people to more effectively manage their money with family and friends. Current’s flexible, API-based platform adapts to the needs of each user, allowing parents to transfer money, automate allowances, set up and reward chores, put spending control in place and maintain visibility into their children’s spending with real-time alerts.”
A few questions I had about Current.
- Was it easy to use by both parents and teenagers? Yes.
- What were the fees? Current has a one, flat annual fee with no hidden charges or upselling.
How It Works
How it Works (for kids)
Kids get three types of wallets to help manage their money
- The spending wallet: This is linked to the debit card for day-to-day expenses, viewing their allowance and managing chores.
- The savings wallet: This helps kids to put money away for a rainy day. Kids can automate savings through our round-ups feature.
- The giving wallet: This enables kids to donate to thousands of local and national causes. It helps to teach empathy.
How it Works (for parents)
Parents can manage all their kids’ finances within the app through the primary wallet. This enables parents to make free instant transfers to their kids. It’s useful for emergencies and one-off payment.
Why I like Current
Technology is ingrained in our every day lives. It’s in our children’s lives even more. Back when I was a kid I used to do chores for cold hard cash. Current fills that void with a new update. Current combines a free debit card for each of your children with a mobile app that is both safe and easy to use. That’s right. You can transfer money into your kids account easily and then they have the ability to use their very own debit card. Which teaches them about freedom, money management, and responsibility all in one. I was able to set up his account using a weekly option in just a few minutes. I also like that it gives kids options with the three wallets. We practice giving in our household and I really like that it has that option as well as savings and spending.
Gabriel’s Thoughts on Current
He really liked the options as well. Besides the weekly option, he had done some extra work and I’m adding some extra money to his account. He gave the App “5 stars” on how easy it was to use and had this to say about the entire process, “Current is cool for teens like me because I can use it at stores and restaurants and can keep it in my wallet. I like it more than cash because I can use it everywhere and don’t have to worry about change falling out of my pockets. The app was super easy to use.”
So there you have it. Both parents and teens like this. Make sure you login to Current and sign up today!