Debit Cards for Children – Pros and Cons

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Congrats,and thanks!

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God Bless you guys always

Congrats ๐Ÿ™

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Be safe!

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Congratulations good luck and Gods Speed be safe

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CONGRATULATIONS.!!!! BLESSEDS

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Congratulations ๐ŸŽŠ ๐Ÿ‘ ๐Ÿ’ ๐Ÿฅณ ๐ŸŽŠ

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Welcome aboard!!!๐Ÿ‘ฎ๐Ÿป‍โ™€๏ธ๐Ÿ‘ฎ๐Ÿป‍โ™€๏ธ๐Ÿ‘ฎ

Good to hear

Congratulations dear lord PLZ keep them safe out there protecting this evil world๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿซก๐Ÿ’™๐Ÿ’™๐Ÿ’™๐Ÿ’™๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™

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Congratulations.

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Congratulations

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Blessings to you!

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COBGRATULATIONS!!!!! Blesseds

Congratulations n enjoy retirement salute sir ๐Ÿ’™๐Ÿซก๐Ÿซก๐Ÿซก๐Ÿซก

Thank you ,and STAY SAFE!!

Enjoy!

THANKS HERO

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That's awesome! Congratulations!!!!!!Enjoy your retirement..

Congratulations good luck and Gods Speed be safe

Thanks for your service ! You are wonderful people,! Love to all !!,

Best wishes. ๐Ÿ™‚

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Congratulations Thank You for your service ENJOY Your RETIREMENT ๐Ÿ‘๐Ÿ‘ฎ‍โ™€๏ธ๐Ÿ™

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Congratulations Sergeant Michael Liebau.

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Congrats bud, now enjoy yourself

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Enjoy ur retirement ๐ŸŽ‰๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ’™๐Ÿ’™๐Ÿ’™

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God bless you JAMES MENDOZA, PLEASE SUPPORT

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5 days ago

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Thank you for your service K9 Dutch! Enjoy your retirement. Back the Blue ๐Ÿ’™

Thank you for your service

Thank you for your help.

Ty for your service xoxo

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๐Ÿ’™ Happy Retirement K9 Dutch ๐Ÿ’™ thank you for your service โฃ๏ธ

Thank You for your Service and Dedication ! ๐Ÿ‡บ๐Ÿ‡ฒ๐Ÿพ๐Ÿ–ค๐Ÿพ๐Ÿ‡บ๐Ÿ‡ฒ

God bless you ๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™โค๏ธ๐Ÿซก๐Ÿซก๐Ÿซก

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Public Safety continues to be our top priority in Shafter! Yesterday, we swore in Police Officer Berumen and welcomed her to our Shafter Police Department Family. Officer Berumen comes to us from another agency with five years of experience. Welcome again Officer Berumen to the City of Shafter.โค๏ธ๐Ÿ‡บ๐Ÿ‡ธโค๏ธ๐Ÿ‡บ๐Ÿ‡ธ #Shafter #Community #PublicSafety #SmallTownBigHearts #MakeUsProud Shafter Police Department
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Congratulations!!

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Congratulations n thank you for ur service Sir ๐ŸŽ‰๐Ÿ’™๐Ÿ’™๐Ÿ’™๐Ÿ’™๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ‘

Thank you for 24 years of service!

Thank you for 24 years of service!Congratulations to Officer Charles "Chuck" Porter on retiring after more than 24 years of service to the Olathe community. Well done, sir. You will be missed!
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Congratulations Officer !! Keep up the outstanding work. Stay Safe Officers.

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Congratulations ๐Ÿ–ค๐Ÿ’™

Salute๐Ÿ’™๐Ÿซก๐Ÿซก๐Ÿซก๐Ÿซก๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ’™

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Congratulations and watch your back!๐Ÿ‘ฎ‍โ™€๏ธ๐Ÿ‘ฎ‍โ™€๏ธ๐Ÿ‘ฎ‍โ™€๏ธ

Congratulations ๐ŸŽˆ๐Ÿพ๐ŸŽŠ

Congratulations everyone

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God bless you.

Great

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Congratulations everyone

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National Police Credit Union is honored to welcome the Osage Beach Police Department (Missouri) into our field of membership. We look forward to serving you and your families. ... See MoreSee Less

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Congratulations good luck and Gods Speed be safe

Congratulations

Congratulations!

God bless n protect !!

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Congratulations God Bless the Blue ๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ’™๐Ÿซก๐Ÿซก

May Gods bless them and keep them safe.

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Debit Cards for Children – Pros and Cons

It is never too early to begin to teach children about the value of money.ย  It can be very helpful to a child to develop an understanding and an appreciation of how money is earned and the expense of everyday items and that education is essential for a child to have before they are given access to a debit card.ย  The responsibility of using a debit card and the many things that can go wrong if it is used incorrectly or recklessly ย are lost if someone, anyone, is using that card without that education.

If a parent or guardian is confident that the child has gained an understanding and appreciation for money and the responsibility of using a debit card, the next step is to establish the purpose of issuing that card to that child.ย  The only purpose that really makes sense is to further that education through actual application and to do so while providing oversight and discussing what is being learned along the way.ย  Parents should not fool themselves into thinking that issuing a debit card to a child is solely a matter of convenience or to somehow make their job easier.ย  It is the perfect opportunity to create a learning experience and to talk about decision making as well as the costs of items and services and the justification of those costs.ย  What did you spend monay on today?ย  Why did you spend that money?ย  What value did you receive or what did you gain from buying that item?

If a parent is willing to put in the time to educate a child about the use of a debit card, to define a purpose for that card, and then measure the usage and talk about the experiences gained along the way, the parent is ready for that card to be issued and the child is very likely ready to responsibly use that card.

It is also important to establish any applicable limits and to talk about best practices.ย  Here are few things that I tried to teach my kids over the years:

Do not use your debit card for on-line purchases.ย  Cyber crime is growing exponentially and much of it is proliferated through websites and on-line transactions.ย  If fraud is committed and it affects your debit card, you will get your money back, but until that occurs your actual money is gone.ย  Use one credit card for on-line purchase whenever possible.

Be careful when you use your card.ย  When you enter your pin, ensure that no one can read the numbers you are typing in.ย  Use the card at businesses you know.

Do not use your card for all purchases.ย  When and where possible, use cash for your purchases, especially for small items.

Always be aware of the money that is in your account.ย  Fees can rack up quickly when you are spending without regard to how much money you have on hand.

Review your transactions regularly just to make sure you made all of the purchases reflected on your account.

Parents also have to be willing to ask some of these questions of their kids and to regularly discuss what is going on with their kidsโ€™ finances.

If parents/guardians and their children are willing to take these steps, the positives of allowing a child to use the debit card will far outweigh the negatives.

For additional tips and assistance with all of your budgeting and financial planning needs, please contact the Credit Union’sย Financial Planning and Education Center, whichย  offers FREE AND CONFIDENTIAL Credit Counseling for members and your immediate families. Our Credit Counseling services are led by our Trusted Business Partner, Certified Credit Union Financial Counselorย Gwendolyn Hawkins, who has been assisting our families Law Enforcement with their Credit needs for over 25 years.

Scott Arney
Chief Executive Officer
Chicago Patrolmen’s Federal Credit Union

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