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A MyAutismTeam Member asked a question 💭
Milwaukie, OR

so my 20 yr just got a debit card, never told me. Then the bank statement came and I looked at it.. He's spending TOOO much for what is in the acct. I hesitate to suggest his paycheck go into checking then he would spend even more. not sure waht to say or how to say it, about the overdraft charges etc

September 15, 2021
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A MyAutismTeam Member

Set alerts every time he spends any amount have a text alert with the new balance so if he say has $400 and buys a $50 shirt his text alerts will say purchase of $50 new balance$350

September 17, 2021
A MyAutismTeam Member

I am planning on getting my 15 year old a debit account this year. Personal finance will be our math class for 2nd semester. Hopefully, I can teach him to keep track of his balance and make a budget. Since only his allowance will be in there, he can't screw it up too much. I have guardianship of my 31 year old. I have control of her rep payee account, but after her bills, I put the left over money into her debit account. I have tried to get her to take over responsibility for one bill, but so far that hasn't happened. She has little impulse control when it comes to shopping. I am hoping that by starting at 15 with my youngest, he will gain these skills. I think some are capable of figuring it out and others are not. If they can't do it, they need a guardian.

September 16, 2021
A MyAutismTeam Member

Autie4Lyfe83 is correct. Personal finance experts say that people who overspend should stick to cash because you see how much your spending. This is true for a lot people with or without ASD. I'd also recommend not walking around with a lot of cash either for their own safety.

September 15, 2021
A MyAutismTeam Member

Is your son able to add and subtract? Or at the very least does he understand the concepts of More and Less or Give and Take,? If so then he should be able to understand the Concept of being able to take OUT, no More than he has put IN.You might also discuss this with the Bank Manager but if you are not included on your sons Bank account then you need to be.Remember if you are a Co signed on his account You can also be held liable for Over Drafts and other charges if does not or cannot pay them.

September 15, 2021
A MyAutismTeam Member

Text him?

October 15, 2021

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Rancho Santa Margarita, CA

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