Pre-paid cards are very safe to use since there is no risk of going into debt. Since the money you use on a prepaid card is your own money that you put in there, it really is not any different than paying with cash. So, you never have to pay interest, and you don’t run the risk of overspending, and then not being able to pay for what you spent. Once your money is gone, the card stops working. You will then have to pay using some other form of money, perhaps cash or debit, if you want to stay off the credit card. Since your prepaid card will stop working once you run out of money, you will be very much aware of how much you went over, so it will make it easier to not go over too much too often.
So, you may be asking yourself, why would prepaid cards be better than cash or debit? If you are the sort of person that likes to budget and stay on your budget, prepaid cards may be easier for you to budget your money. A debit card is linked to your banking account which all of your money may be. But, perhaps you do not want to spend all your money. Perhaps you only want to spend a certain amount on groceries, a certain amount on entertainment, and a certain amount on misc. needed supplies. Prepaid cards will help with that because all you simply do is put on each card what you are willing to spend on each category. You can therefore have several prepaid cards, one for each thing.
Another great thing about prepaid cards is that unlike cash, if you lose your money or get it stolen, you will be able to get it back, much like a regular credit card. You will also be able to avoid trouble more easily since people won’t see you carrying large wads of cash around.
Get a
