The Debt Panel: ‘My daughter is overspending on her debit card’ – The National
- Date: 23-Jun-2023
- Source: The National
- Sector:Financial Services
- Country:UAE
The Debt Panel: ‘My daughter is overspending on her debit card’ – The National
I have a teenage daughter and recently gave her a prepaid debit card. Although there are online spending and cash withdrawal limits on the card, I have noticed that my daughter is going overboard with her spending.
Initially, I had set her a spending budget of Dh1,000 ($272) per month. But she appears to have no control over her spending and is demanding that I increase her pocket money every month. She refuses to take no for an answer.
I am struggling to increase her allowance as my monthly salary is Dh20,000. We are a family of four and have other financial responsibilities.