2+1 Reasons to Give Pocket Money to your Teen Online

Your child has turned 15, and independence is the name of the game, with opinions on everything, a unique style, a growing circle of friends and new habits. And, naturally, their own smartphone. The journey that just began will culminate at 18, marking their official entry into adulthood. 

Why not make the most of the critical 15-18 age range by giving your teen their pocket money online from your mobile? It's a move that not only enhances their independence, but also teaches them valuable money management skills.

Online pocket money undoubtedly not only makes you the coolest dad or the most forward-thinking mum in the world, it's also a solution to some crucial challenges.

1. Ensuring your teen never goes cashless

During adolescence, your child starts venturing out on their own – attending classes, hitting the gym and maybe even hanging out with friends on weekends. And let’s not forget the parties.

So it's crucial to ensure they're never left stranded without funds. By giving them pocket money online through their mobile, you can instantly transfer funds to the prepaid digital card in their smartphone wallet, even when abroad.

2. Keeping tabs on their spending 

Constantly scrambling for cash to give to your teen can be a hassle. It's easy to lose track and not know just how much they spend. And, naturally, you can’t be sure where they are actually spending their money.

With online pocket money, you can set daily spending limits and monitor the balance on your teen's card. You also receive notifications on your phone every time they use the card, giving you insights into how often they go out, where they hang out and what they buy. 

This knowledge gives you the chance to talk with your child and guide them if you feel they are spending recklessly, making purchases you don't agree with or even giving financial favours to friends in exchange for social acceptance. 

+ Gaining peace of mind

Teens are exposed to various risks. Their eagerness to explore the world may expose them to potentially harmful products and services, both in stores and online. myAlpha Vibe app, which is specially designed for teens, offers peace of mind, as the digital card can't be used for transactions at off-licences, betting agencies, pawn shops, dating services and more. 

The surge of delinquency in adolescence is certainly a matter of concern for you. A way to protect your child is if they don’t carry cash so as not to be targeted by muggers. With online pocket money, the child can shop using their digital wallet and biometrics. If they have their smartphone stolen, you can immediately block the card with your own mobile. 

myAlpha Vibe: Bridging generations

Now that you know the benefits, discover the modern and secure way to give your teen pocket money online with myAlpha Vibe. As long as your child is aged 15-18.

Through myAlpha Mobile, you can issue a digital prepaid card for your teen, easily loadable from your mobile. The child uses the card through the dedicated myAlpha Vibe app, to shop in Greece and abroad, even after they turn 18.