Teach Your Teens Financial Responsibility With PAYjr

Part of parenting is teaching your children how to be financially responsible whether it means teaching proper ways to save, how to invest wisely, or to spend with discipline. PAYjr offers an interesting way to educate kids about budgeting. PAYjr provides a way for parents and their kids to manage chores and allowances together. Parents create chores. Kiddos complete chores and receive payment. Parents monitor spending and control how much money is on the PAYjr Visa Buxx Card. And as a safeguard, these prepaid cards may not be used to make adult-oriented purchases (dating, gambling, pornography, etc). PAYjr CEO, David Jones, suggests that their product is ideal for children ages 7-14…that regularly perform chores around the house.

As a promotion to launch the program, PAYjr Visa Buxx has also created a Teen Credit Card design competition. The grand prize winner will receive an Apple laptop; second place will take home an Apple Video iPod; and third place wins an Apple iPod Nano. Winning designs will be used in PAYjr’s gallery so that others may purchase them. Vote for your favorites and stay updated on which design has the most votes. Once you submit your design, PAYjr will send you code that you can add to your blog or MySpace, to help gain votes for your design.

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