Planning for Christmas Yet?

Are you planning for Christmas yet?

I know, that’s a scary thought, but are you planning for this year’s Christmas gift buying yet?  Especially if you don’t have the cash to buy all those gifts at once, you should either be saving like crazy now OR you should be working on your credit score so that when the holidays roll around again, you’ll have the credit that you need to do this year’s Christmas shopping.

Now, of course there are a couple of different ways that you could be saving for this year’s gift giving extravaganza.  The first and probably, the easiest way to save is to simply have a certain amount taken out of your pay check each week and put into either a savings account or onto a prepaid debit card that you don’t use until it’s time for Christmas shopping.  (I know, emergencies do arise, but if you don’t use the card, come October you’ll have a tidy little sum to shop with.

As far as prepaid cards go, there are a lot of options out there, but I like the Account Now Prepaid Gold Visa.  It’s easy to sign up for, easy to put money on, and the online interface is pretty neat.  And, once you start putting a certain amount on your prepaid card each week, it just gets easier and easier to keep going!

Apply now for your AccountNow® Gold Visa® Prepaid Card



The other way that you can start planning this year’s Christmas season is to start working on your available credit now so that when the time comes, you have the credit you need to buy the gifts that you want.  One of the best ways to get a fresh start on your credit and get the credit that you need for Christmas shopping is to apply for a Fingerhut Credit account.

Unlike a lot of online shopping sites, Fingerhut is known for extending credit to those with less than stellar credit scores, and unlike other catalog shopping sites, Fingerhut has hundreds of thousands of name brand merchandise, priced competitively, and they tell you up front what the monthly payment will be, so there’s no guesswork nor any surprises to wreck your budget.

And, if you open your Fingerhut Credit Account issued by WebBank now, you’ll be ready for Christmas shopping when it rolls around later!


A Fresh Idea for Teaching Your Kids to Handle Money

You know, teaching your kids to handle money has never been an easy task… Do you teach them to use cash?  Checking?  Savings?   Or do you try something different?

Here’s a fresh idea for teaching your kids about money – get them a prepaid card!

When they start getting a real allowance, or they’re ready to start that first real part time job, or if they’ve already got a little money saved from babysitting, mowing yards, or shoveling driveways, then it’s time for you, the parent, to step in and teach them how to budget, spend wisely, and save.

You would be absolutely appalled if you knew how many young people graduate from high school or even college and have absolutely no idea how to handle money.  They don’t have checking accounts, they don’t have savings accounts, and they are completely comfortable just grabbing Mom or Dad’s debit/credit card whenever they need anything. And that makes it all that much harder for them to not only learn to handle their money, but to stop depending on yours for everything!  And let’s face it, no one wants to have to support their kids forever…the goal is to raise them to be self sufficient, stable adults.

While you could take them to the bank and help them to open a conventional checking or savings account, it’s probably not going to be the best way to teach your children how to handle money.

In the first place, unless you’re willing to hand them their own debit card to carry around, they likely won’t have access to the money in the account except during normal banking business hours, you’d probably have to try and get them there, and that’s not always convenient for you!

Secondly, because you will have to sign on their accounts, if they overdraw their account, the bank can withdraw that money from YOUR bank account, even if it’s a separate account (it’s true, read the fine print).

So, without inconveniencing yourself or risking your own bank balance, what is the best way to teach your kids about money?

Get them each a prepaid / debit card!  That’s right – sign up for a prepaid / debit card in your name, and then set your child up as an additional cardholder on the account.  (Since most prepaid options only allow one additional cardholder per account, you will need to set up a separate card/account for each child.)

In doing it this way, each child will have an account that can be set up and accessed via an online interface that looks remarkably like a bank account, and a prepaid card that can be reloaded as needed, without a significant risk to your own finances.  He or she can load the card with that babysitting money, that lawn mowing money, or you can just put their allowance on the card, and the money is available when they need it.

No carrying cash.  No trips to the bank.  No “losing” his/her lunch money, book fee money, or allowance.  And best of all, no overspending!  After all – with prepaid cards, you can’t usually spend more than you have available on the card, and they’re great for shopping online (or downloading music, or buying tokens for online games, or whatever else kids do online these days).

So go ahead, start your young adult on his/her way financially!

How Prepaid Debit Cards Can Help Establish Credit

If you’re having trouble getting approved for a credit card, a prepaid debit card may be just what you need. Unlike many regular credit cards, prepaid debit cards do not perform a credit check when you apply. So if you’ve had trouble with credit or have no credit, you’ll still be approved for a prepaid debit card. And these cards come with other benefits as well. A prepaid credit card can be the first step down the path to better credit.

How Prepaid Debit Cards Work

Prepaid debit cards are similar to both credit cards and debit cards. After getting approved for one, you’re able to deposit money into your new account. This is often referred to as “loading.” The amount of money you load on to your card is equal to your line of credit. When you swipe the card, the money is subtracted from the amount you deposited. As long as you have money on your card, you can make purchases. You can use the card anywhere that debit cards are accepted.

Having a prepaid debit card is similar to opening a checking account on a card. You can deposit money whenever you need to, and spend within your account limits. This system helps keep you far away from credit card debt.

Benefits of Prepaid Debit Cards

One big advantage of prepaid debit cards is that they are safer to carry than cash. You can shop for groceries, get gas, and purchase other items without the hassle of dollar bills crowding your wallet. And prepaid debit cards are accepted all over. If you have a card with the MasterCard or Visa logo, it can be used worldwide.

Another benefit of a prepaid debit card is that you don’t have to worry about paying monthly credit card bills. Since the amount at your disposal is equal to the balance in your account, you don’t spend money that you don’t have. This saves the headaches involved with high monthly bills and balances.

It’s easy to load money on to your prepaid debit card. Most cards let you reload any amount of money by calling and authorizing a transfer of funds. You can also do this online or through an ATM. This lets you control how much you want in your account.

Exploring your Options

Companies offer different types of prepaid debit cards. Before you sign up for one, check for additional fees and features. A prepaid debit card may be just what you need to give your credit a boost. Check through the different options through credit card websites. The application process is easy. Once you get the card, you can start taking steps to get back on track in the credit card world.

About the Author:  Robert Guthrie invites you to find out about chronic fever, constant hunger and other information? Get tips from the Health And Nutrition Tips website.