PayPal Student Account Card Giveaway

June 7, 2010

Luckily student debit cards are a little more than our little ones need right now but someday we’ll need a way to keep an eye on their student checking accounts while letting them learn about managing money.

PayPal Student Account

One of our options down the road will be the PayPal student account.  To use it, you setup and fund a regular PayPal account and then link a student account, where you can set spending limits.  Then you order your kid a student debit card and you’re able to see how they spend their money.  They can’t spend more than the maximum amount you set and you can setup automatic transfers into the student account over time.

Student Account Giveaway

PayPal is giving away $50 to a parent that wants to give the student account a try for their kid. To enter into the giveaway leave a comment below about one of the worst money moves you made as a kid.  One person will be selected at random and put into touch with PayPal.  They’ll give the winner access to a student PayPal account with a $25 balance and once you’ve submitted the order for the student debit card another $25 will be deposited into the account.

You can link more than one student card to your PayPal account but the giveaway just applies for one student account.  The giveaway runs through 6/15, if you win I’ll need your email address to forward onto PayPal.

Again, if you want to enter, leave a comment below about the worst money move you made when you were a kid.


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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7 Responses to PayPal Student Account Card Giveaway

  • Sue

    Spent money on records and CD’s! I spent hundreds of dollars on music and a stereo system.

  • Ryan

    Hmmm… I was generally pretty good with my money, but I do have an extensive entertainment collection – 500+ cds, over 100 dvds, and nice stereo system. When it’s all said and done, I probably spent a couple grand more than I should have. (I paid cash for everything though, so at least I didn’t rack up any debt!).

  • Laura @ so alaurable

    I considered myself a pretty frugal with wanting to save as a teenager and young adult, but only if I knew then what I know now about interest rates and compound interest, I bet I would have strove to save even more!

  • Ben

    @Michael, you bought certificates of deposits when you were a kid? kidding…

    @sgs, what kinds of purchases did you put on your card?

  • sgs

    I accepted high-interest-rate credit card offers and then ran the balances up ….stupid, stupid.

  • Michael Maguire

    I wasted my money on CDs.


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