If you've been looking at several different financial tools to aid in not only increasing but maintaining your quality of life, you know that one of the major tools out there is the credit card.
However, for some people, having a credit card is like having a loaded gun: it's just not that smart.
Something to consider here, as an alternative, is a prepaid card.
But you may be wondering whether or not this is really a good alternative.
Of course, this is definitely a question to ask, considering how important credit is to our daily financial lives.
It is used for everything from buying groceries to expanding your business.
As such, it is something that you need to consider very carefully before you use it.
And this is one way that a prepaid card can actually be a benefit and a good alternative.
One thing to consider is that, unlike a credit card, the prepaid card is solely under your control.
You decide how much money goes on it, when you spend it, and when to actually use it.
There are no interest fees, nor are there any over limit fees.
Something else to consider is that while there is some type of feed associated with this type of card, it is generally only apply when you use the card.
And there's also typically several different options that you can choose from.
One option of course is to have a set limit on how much you can use the card for a small monthly fee.
This is a good idea if you don't plan on using it that much.
However, if you plan on using it extensively, then you may want to opt for a higher, all-inclusive fee that again is only applied when you use it.
Something else to remember is that a prepaid card can be used exactly as a credit card for purchases that you make online.
This means that you can keep your good credit intact, especially if you're looking at is a large purchase.
As such, this alone makes this style of card and worthy alternative to credit.