Want to know something about me? My husband and I are debt free! We have no more credit cards in our name. About 9 years back we where in the market to purchase a new home. This would be my husbands second home and my first. Our Realtor at the time was in the process of getting everything in order for us and we needed to show proof of funds. Long story short, the only thing holding us back from our dream home was our total expense ratio. It doesn’t matter how great your credit score is, lenders want to see that you have money in the bank that is not mostly going to expenses like paying credit cards. So we completely stopped using our credit cards and worked on our bad spending habits. This took a good 7 months and our lives changed dramatically for the best.
I am not good at having cash in hand, I tend to spend it frivolously. So we depended on our debit bank accounts to make purchases. Have you ever tried to give yourself a spending limit? I have plenty of times and have yet to not go over. It’s so easy to tell myself I really need that $15 scarf at target or my kids want another toy.
What saved my bad spending habits is a Prepaid Debit Card. This is a debit card, like the one from your bank, and you can use it EVERYWHERE Visa is accepted. Mine is from CARD.com they are designed to be cool and unique. Choose from styles like: Garfield, Popeye, Betty Paige, James Dean, Care Bears, Walking Dead, Star Trek, Autism Awareness, Breast Cancer Research, Shark Week, Where’s Waldo, Doodle Jump, Three Stooges, Nancy Drew, etc.
So how do they work?
Card.com prepaid debit cards are free to order, just place your order for your favorite designed card. I choose the moustache, option 5.
Activate your card and load it with as much cash as you want it to hold, I give myself a bi-weekly budget. You can use the free app, check deposits from your smartphone, Free direct deposit and Free card-to-card transfers, any time, anywhere, in seconds.
There are No overdraft fees — never goes negative!
You get the first 30 days free and after the 30 days you will only pay a $5.95 monthly fee. That’s like a burger a month, to keep you in line with spending habits. You can have the fee waived if you direct deposit over $800 in the previous 30 days. This fee is the same as the Walmart prepaid card and much less than many of the competitors and the cards are WAY CUTER. It’s also much less than over drafting your bank account, paying for a checking account or using a credit card.
Check out all of the Fun Card.com options. I’d love to know what your fave design is.