--- In email@example.com
, "Kris Dreyer"
Our students have all had bank accounts in their own countries with a
credit/debit card from that bank. That way their parents control their
spending. It has worked well for us for the last 12 years as well as
for the other families in our area. His parents can set that up and
send the card to him. Any card carrying the Visa or Mastercard logo
will work. Additionally, they will be able to read the statements.
What makes this also a big help is that your student can go on line
and check this account and know EXACTLY how much money he has.
If you go this route, I recommend making a copy of the card when it
gets here, AND writing the PIN number down. Lock it away. If he
forgets his pin and invalidates the card, it can take quite a while to
get it straightened out!
A cheap trick to getting cash ... DON'T use an ATM if possible, it
will cost a lot. We go to the local grocery store, buy a money order
for 50 cents. The store then charges us 50 cents to cash it right on
the spot. Since the kids use the card to make a "purchase" instead of
withdrawing cash, there is no ATM charge. Total cost, no matter how
much money -- $1!
Beth in Kansas
> Thanks for all the responses. The fact is that the driving has
really been hard on us too and with his grades suffering and the
holidays coming up, I think it would be best for him to not play
Basketball. Also, he has told us that his parents want him to have a
bank account to keep his money in because they think he is spending
too much. I'm not sure how this will keep him from spending since he
will need an ATM/Debit card and he can use that just like cash. They
do not speak English so they will not be able to tell where the money
was spent from the statements. Do your students have their own
accounts or just use cash? I'm not sure where he is spending it
because he just goes to school and soccer practice. We do find A LOT
of candy wrappers in his trash so he must be spending his money
somewhere on candy. I also want to say hello to Karen in Pensacola...I
live in Crestview! Howdy neighbor!
> - Kris
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