TrendCentral: With much of tweens’ entertainment—and thus their spending—happening online and now even through gaming consoles (PS3 games cost $8 per download), it has become more difficult for parents to track what their kids are charging to their credit cards. A recent slew of “allowance 2.0” tween-friendly debit programs are giving tweens responsibility for their own spending and we expect to see more products and services fulfilling similar needs. Example is PAYjr; this allowance-tracking website allows parents to create lists of chores with corresponding dollar amounts; when kids check off their completed chores money is automatically transferred to a prepaid debit card.
Tween-friendly debit programs [TrendCentral]
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