Income Master

Stay on budget with prepaid debit card

In Europe, generally speaking, people don’t spend money they don’t have. This is the smart way to live. Somehow, Americans have been caught up in the culture that bigger is better and that more is best.

We have come to believe that it is OK to spend money we don’t have. But nine times out of ten, we later regret it.

If you want to stay on budget, but have all the benefits of using a credit card, there really is no better way to go than to buy a reloadable, Prepaid Debit Card. You can use this card in stores, online — anywhere that a Mastercard is accepted.

This is a great idea for a gift for a grandchild who may shop at stores you’ve never even heard of. It is also a smart idea for college students living away from home who need money for living expenses, but may not have the maturity necessary yet to limit spending.

It is also a way to stick to a weekly budget. Because it is a reloadable, Prepaid Mastercard you can load it every week with your budgeted amount for expenses and then when it runs out, wait until the next week to put more money on it.

It is a little like the cash in an envelope budgeting system, where you withdraw a weekly amount of cash to spend, but this is a safer method. Rather than carrying around cash, you have a Prepaid Debit Card that helps you keep track of your spending in an easy, convenient way.