When you think of budgets and credit cards, you probably cringe. No one wants to go further into debt while maintaining a budget. The good news is that you don’t have to go into debt.
Stick to your budget with a prepaid card
Whether you’re going on vacation or doing your weekly household shopping, you can load (add cash) to a prepaid credit card. This is a perfect way to know you are fully funded with a certain amount of money. Unlike traditional credit cards, you can’t go over your limit and there is no interest charge because you are not borrowing money from a creditor.
You are using your own money.
Think of all the ways you can use a prepaid credit card for:
- Household bills
- Grocery shopping
- Fun account for those trips to the malls
- Vacation funds
And that’s just to name a few, the list can go on as your needs manifest. You could even set up cards for each need and not worry about dipping into one account for another!
Most prepaid cards have zero cost or a minimal issue fee and some may have other charges. AusPost has a Load & Go prepaid Visa card that is accepted anywhere Visa is accepted, you can reload online or in-store, no reload fees, no monthly fees, no credit checks, no interest charges and no application form.
So if you are one that falls off budget easily, take a look at your prepaid card options so you can stay on track and within budget!