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If you are like me, you grew up getting some sort of allowance related to doing household chores. It was a way of teaching us kids some responsibility, and the value of work. I remember that each week we boys would be standing in front of Dad waiting for the cash to be doled out.

Well times have changed. PAYjr Visa Buxxis a new system that lets parents put their child's allowance on a debit card. In effect, it allows for keeping a spreadsheet/checklist of chores for each child. As the chores get done, the money gets transferred to the child's debit card. No chores, no cash -- pretty simple. This way a parent can also monitor where and how the money is being spent -- and restrict certain transactions and locations.

If this sounds familiar to you, it may be because you heard about it on the CBS Evening News last week. The service launches in July, but you can check out the demo now at the PAYjr Visa Buxx website.

Posted by: Greg at 06:35 PM | No Comments | Add Comment
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