This Card Teaches Useful Money Skills

When my kids were little they thought that money was a small rectangular piece of plastic. Actually they weren’t so wrong. Bills and coins don’t move our world as much as plastic. So like or not, this is and will continue to be the reality of how we must manage money.

The biggest obstacle to money management in regard to plastic cards is that it’s not tangible. This is often how we get into trouble. We buy everything from gas and groceries to televisions and clothes with the swipe of card. If we are not careful we end up spending more than we should. But here’s the thing–for most of us our financial education (what there was of it) didn’t cover how to handle cards. That’s where our kids have an advantage.

They understand the value of the plastic card very early in life. Meanwhile schools and families teach them that five pennies equals one nickel and four quarters equal a dollar. What we haven’t focused on his how banking works. But here’s the opportunity!

Coors Credit Union offers–with parental/guardian permission–the Crisp Cash ATM access card. Before you start squirming let me tell you what it is not:

  • NOT a debit card
  • NOT a credit card
  • CANNOT be used for purchases in stores, online, or anywhere else
  • NOT tied to a checking account
  • NO ability to overdraft


Okay, so what is it? The Crisp Cast card is:

  • ATM access card
  • Funds come from savings
  • Parent/guardian permission required
  • Parent/guardian oversight advised
  • Teaching tool

So the Crisp Cash card can only be used to get cash from ATMs.  Through the use of the Crisp Cash card, kids learn that they need to account for ATM withdraws in order to know how much money they have in their account. If they don’t have money, they cannot withdraw from an ATM. It’s sort of a baby step to learning how to connect the abstract concept of using cards for the exchange of money. The Crisp Cash ATM card is ideal for tweens ages 10-12, who are just learning how to manage their own finances and aren’t yet eligible to open a checking account.


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