New trend in teen saving: Allowance switches to plastic

9:11 AM, Feb 19, 2013   |    comments
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GOLDEN VALLEY, Minn. - It never hurts for kids to have a piggy bank to get a jump-start on saving their pennies.

But eventually, many parents want to paint a bigger picture of what it takes to save and to spend money.

That's why some websites are helping allowances move from cash to plastic.

Economist Alfred Marcus with the University of Minnesota Carlson School of Management joined KARE 11 Sunrise to talk about the new trend in saving.

(Copyright 2013 by KARE. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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