We have all been taught to live only within our means. In today’s society which features lavish lifestyles and shopping sprees, most people find it hard to manage their finances well that they even go way beyond their specified budgets so that they could enjoy the best things in life.
Eventually these individuals find it hard to resist using their credit cards to finance their online purchases, and travel charges. Soon, they accumulate so much debt that will prove to be very difficult to settle.
So if you believe in the premise that you need to control and discipline yourself to stick only with whatever finances you have, but still you would like to keep a handy plastic card; then, you might as well apply for prepaid debit cards. What are these cards for? The answer is provided below.
Prepaid debit cards are excellent tools to give people the flexibility to make purchases without the threat of accumulating large debts. The reason behind this is that this debit card requires a fund to be ‘loaded’ or transferred to it, before a cardholder could use it for making purchases or settling monthly bills.
These reloadable prepaid cards function in the same manner as prepaid mobile services; you only get to enjoy sending messages and calling up your friends as long as there is available credit on your mobile phone. By using these debit cards, people will surely live and stick to the budget they have set, without encountering any credit entanglements.
Another good thing about most prepaid debit cards is that they do not charge interest rates on purchases. (some debit cards DO charge fees on declined transactions)
A lot of other cards today impose a large number of fees to their clients, especially when their clients encounter declined purchases. But for these reloadable prepaid cards, cardholders need not worry about additional interest rates and late penalty charges.
Other features of prepaid debit cards include, relatively easy approval of card application, and online monitoring of the expenses and purchases charged on the debit card. These features prove to be helpful in convincing more people to get their own prepaid debit cards so that they could also reap the benefits that these cards could offer.
So, apply now for these debit cards and soon you will realize the value of living only within your means.
About the Author
Tara Tiemann is a credit analyst for Go-prepaid.com which has been a resource site for people who want to live debt free. If you are on a budget using prepaid debit cards,prepaid credit cards and prepaid cell phone service can save you big money!