Press release content from Newswire. The AP news staff was not involved in its creation.

TORONTO – October 14, 2020 – ( Newswire.com )

​​​Kids are like sponges when it comes to new concepts, making this the perfect time to teach financial literacy. Research shows that the younger you teach children about money, the more independent and responsible they will be as adults. This is why Treasure exists. Treasure, a mobile money management app has been built to teach kids the value of money, fun ways to earn and save their allowance and money received through gifts.

“Financial literacy is a key life skill, but schools don’t teach finance-related courses properly until middle school or high school, and I think that is not only crazy but also way too late to form good habits,” said Matt O’Leary, CEO of Treasure. “Kids need money skills as soon as they can count. My own kids would ask for things in the store without realizing the cost or need to take money to school as early as kindergarten, and that’s when I realized that kids need money skills as soon as they can count.” 

Treasure is a fun-first education tool that teaches positive financial habits around saving and spending, but unlike other tools, Treasure uses real money with real spending and saving options using the bank of Mom and Dad through allowance and task-driven incentives. 

“We all know someone who got in trouble when they got their first credit card. This is because a credit card isn’t money. It’s just an abstract concept,” says O’Leary. “Our research has shown that the reason it is important to start teaching kids about money as early as possible is based on the fact that many financial decisions are based on abstract logic

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Amazon wants to reward you for buying a gift card, by adding to its value. (Photo: Getty Images)
Amazon wants to reward you for buying a gift card, by adding to its value. (Photo: Getty Images)

We interrupt this Prime Day extravaganza to tell you about a special cash offer. While you’re busy shopping for the best deals on tech products, fall fashion, home goods and more, Amazon is giving away money to anyone who purchases a gift card.

This special Amazon Prime Day gift card deal is only for Amazon Prime members—and (like Daffy Duck said when he blew himself up) you can only do it once.

If you’re not a member, sign up for a free 30-day trial and you can take advantage. Here’s the lowdown:

When you buy a gift card of $40 anytime during Prime Day (the two-day event lasts through Wednesday, October 14), you will get $10 more on that card if you use the code ‘GC20PRIME’ at checkout. This works for digital gift cards as well as physical ones.

This means you can stash away a gift card for 50 bucks that you paid only $40 for, and give it to some lucky recipient as a birthday or holiday gift. Or you can send a digital gift right now that makes you look like a big spender. Or—and we like this option best—you can buy yourself a gift card and use it now or later on a great Amazon deal—increasing your buying power by 25 percent.

But choose wisely. This amazing free-money offer is, as we mentioned, limited to one per customer.

And now, back to our regularly scheduled Prime Day activities.

Purchase a $40 gift card, and it will magically be worth $50—limit one to a customer. (Photo: Getty Images)
Purchase a $40 gift

Free money alert! Well, free money, when you spend money. But you were already shopping anyway, so might as well collect $10 while you’re at it.

For Prime Day, Prime members will get a $10 promotional credit when they purchase an Amazon gift card of $40 or more. That also includes newly-launched Amazon Video eGift Cards (available on the mobile app), as well as people who are reloading their current Amazon gift cards.

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This should be your first Prime Day purchase. Amazon gift cards will be emailed to you immediately and can be used straight away. Last year, Amazon did the same thing (it’s $5 more this year!!), and the promotional credit came through quickly as well. So, you can use the gift card for your first product purchase of Prime day, and hopefully, the promotional credit for your 2nd purchase of Prime Day.

This is a limited-time offer and only while supplies last. It is limited to one

It’s happened to nearly everyone: Our credit or debit card is lost or stolen, and then we find fraudulent charges on our account. And the Covid crisis has unfortunately made fraud even more common. But the theft of your card or bank information doesn’t mean you’re on the hook for all the losses. On the contrary, in the vast majority of cases, you’re entitled to a refund of almost all fraudulent charges. Here are the basic steps you should understand to get as much of your money back as possible.



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Credit or Debit?

Whether to pay with debit or credit is an age-old question that depends upon multiple factors. Generally speaking, if you have good credit management skills and pay-off your cards on time every month, you should pay with credit as often as possible, in order to enjoy cash back, points and other rewards. From a safety perespective, however, this can expose you to more instances of identity theft, since many credit card purchases are online, or in public shopping areas, where such theft is more common.

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On the other hand, debit is best used when you have credit management challenges, for bill pay (where credit is not an option),  or other automatic payments withdrawn from your checking account. Using debit to make online purchases exposes you to many of the same risks as credit. However, for in-person purchases, debit may be somewhat safer, since PIN numbers are usually required, adding an extra layer of protection.

The caveat, though, is that if your debit card information is successfully stolen and used, you may expose your entire banking relationship – including potential access to other accounts you may have with your bank.

In either case, the absolute first step you should take if your

Venmo Launches Its First Credit Card, Offering Up To 3% Cash Back, Personalized Rewards

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How the Pandemic Is Changing Americans’ Credit Card Habits

Over half of those surveyed in September said that they’ve put money towards a debt as a direct result of the pandemic, or plan to in the future. 29% of credit card users said they’re using their credit cards more than they were pre-pandemic, particularly when it comes to food and self-care items. Even as Americans decrease their balances, however, there’s anxiety around it: 25% of Americans say credit card debt is a source of daily stress right now. [Money]

Travel May Not Be Back to Normal, but Credit Card Companies are Starting to Offer New Flight, Hotel, and Points Perks

Credit card companies shifted away from travel benefits at the onset of the coronavirus pandemic, but these perks are starting to creep back. American Express recently unveiled a suite of travel features for its cardholders, including discounts on eligible hotel stays and airfare. Chase and Capital One also launched record-high welcome bonuses on the Chase Sapphire Preferred Card and the Capital One Venture Rewards Credit Card. [Business Insider]

Mastercard Consumers Can Receive 2 Free Months