Planning a family holiday is exciting but managing finances can be daunting, especially when it comes to your child's spending. In this blog, we'll explore why opting for a debit card for your child's holiday spending over the traditional method of exchanging cash is a smart choice for parents.
Safety and Security:
- We know that Kids can easily misplace things… Which is why kids debit cards offer enhanced security compared to cash, providing peace of mind in case of loss or theft. You can freeze your card and order a new one easily in the Bex app!
Convenience:
- Ever wanted to relax on your sunlounger on holiday but had to get up to pay for something? With a debit card, your child can easily access funds for purchases without you needing to be there! Simplify your trip by giving them a set amount of money for the holiday and letting them manage it.
Budgeting and Tracking:
- Has your child got a school trip coming up but you are worried about what they will be spending? Debit cards allow you to monitor your child's spending habits and limit the amount of money they have access to. This also teaches them valuable money management skills.
Exchange Rates:
- Avoid hidden fees and unfavourable rates by using a debit card with competitive exchange rates, maximising your child's holiday budget. Bex has a £1 a month cap even when you spend abroad! Meaning you don’t need to worry about foreign exchange rates.
Rewards and Benefits:
- Some debit cards offer rewards like cash back or discounts, making your child's holiday experience even more enjoyable.
By choosing a debit card for your child's holiday spending, you provide safety, convenience, and financial education. Digitise your child's spending experience and take advantage of the benefits this brings. Happy travels from Bex!
