New Goals for the New Year

As consumers focus more on their finances, many are turning to prepaid cards as a convenient and economical solution for their financial management and payment needs. While credit cards tempt cardholders to overspend and slide into debt, prepaid cards don't allow consumers to spend money they don't have or incur debt that they can't afford. Debit cards can be useful, but they're essentially restricted to those who can afford to maintain the hefty bank account balance minimums, and even they have to be very careful not to overdraft and trigger costly spiraling fees. Prepaid cards offer the advantages of debit cards; plus they decline attempts to overspend.

Of course, consumers who plan to pay off their debt need to start saving. Prepaid cards help there, too - offering free, interest-bearing savings accounts. Automatic transfers are available to make it easier to move money into savings. Cardholders can put a little bit away each pay period, watch their spending and eventually reach their goals.

Then, they can start working on those abs!

Happy New Year,


Debbie Grant
Chief Employer Solutions Executive