Wednesday, May 12, 2010

A PayPal Student Account Helps Teens Learn to Manage Money

Many teens are graduating from high school right around this time and will be heading off to college in just a few short months. One of the big questions that often comes up is how you can provide your student with enough funds to meet his needs but still make sure he makes wise financial decisions with the money you’ve provided. A new tool for doing this is by setting up a PayPal Student Account!

What are the benefits of a PayPal Student Account?

  • It helps teens learn money management skills.
  • It allows teens to make purchases safely, both online and offline.
  • It lets parents set spending limits and see a full account of money spent.
  • It allows parents to transfer money into the Student Account, check balances and track purchases -- all in one safe and secure online location.
  • It gives teens their own PayPal Mastercard debit card in their own name to use on purchases wherever Mastercard is accepted.
  • It sends alerts to parents for high spending and low balances.
  • It gives peace of mind when students need money in an emergency situation.
  • It keeps teens from overspending because they can only spend what’s in the account.

Go to www.paypal.com/studentaccount to learn more about the PayPal Student Account, watch a helpful video that explains the features and, if you decide this is right for your family, open an account!



DISCLOSURE: No compensation was provided for this post.

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