Another way to show children how digital money works is by spending a gift card together.
Because gift cards only have a set amount of money on them, they’re a really useful way to teach kids that once they’ve spent the money, it’s gone.
It also gives them the chance to:
- make decisions about how to spend their money
- decide whether they want to spend all their money at once or save some - you can show them the balance on the card and explain how much would be left after they pay
- use an online checkout by entering the card details.