O2 card 'teaches teens about money saving'

23 November 2009 — 10:04 AM

O2 could help teens learn to save

Recycling mobile phones could be a good way of paying for a child's first handset, but a new offer may tempt some parents to go with the O2 network.

The carrier published a report this week that highlighted the fact that kids now spend around £5 billion each year across the UK and receive an average of £6.84 in pocket money each week.

For this reason, it was noted the Load & Go card from O2 Money is one way in which money can be saved on a card and spent like a debit card later.

"[It] also opens up the wealth of discounts and offers available online to teenagers by allowing them to make online purchases, but with the card blocked from sites categorised as selling over 18 products or services," it advised.

The Load & Go card from could not only be added to with the cash received from mobile recycling, it could also aid teens learning about money management and budgeting.

Julie Snape, head of marketing at Envirofone.com, added: "Young people are spending more than ever on mobile phones. They're always up to date with the latest handsets and are constantly looking for a bargain - this fantastic service is a great way for [them] to get the best deals for their newest gadget!"

O2 recently announced it would be building 1,500 new sites across the UK over the next 12 months to boost support for its customers.

Money saving tips brought to you by envirofone.com, the easy way to make some extra cash.ADNFCR-2059-ID-19472546-ADNFCR

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