This is a timely reminder with Christmas just around the corner and massive
credit card spending due to a lot of people not having savings to fall back on.

Some years back i cut up my credit cards and just use debit cards it was the
best thing our family ever did.

1.We don’t have debt.
2. We control our spending,if money is running a little low in our account then
we tighten our belt and make do with what we have putting off buying that something.

Are we going with out? No way!

Credit cards encourage you to spend if we still had credit cards then
we would go out and buy…… WHY? Because we can not necessarily because we
need what it is we are going to buy on credit.

We get rid of things or upgrade things more easily and quicker when we have credit cards
when quiet often their is nothing wrong with what we have it’s just a case of money
burning a hole in our pockets even if we have none but have a credit card.

Debit cards are part of any good banks normal ATM card,having an ATM card in this country
costs around $6 a month account keeping fees and the debit card is part of that card.

Here Visa and now Mastercard are the people transactions go through when you use your
debit card like a credit card to buy something wether instore or online.

Their are no fees to Visa or Mastercard in using their facilities only the monthly fee your bank
charger you for the ATM card.( The exception may be if you withdraw cash rather than buying
something instore or online)

But of coarse the key word is,you use your own money if you have no money in your account
then you must wait until you do before you can spend again.

So let’s all have a prosperous New Year chop up your credit cards NOW before spending
money you don’t have this Christmas and struggle all through the coming new year.
____

It seems while i and my family are very happy with our Debit card our Countries law
may be offering us protection as while i was searching for info on the subject i came accross
this disturbing video about Debit Cards…. Worth a look

Stay Out of Debt With Prepaid Cards
By P. Zulueta
In today’s economy, more Americans than ever are sliding into credit card debt. While it can be easy to fall into that “buy now, pay later” kind of mindset, don’t fall for it! This is one of the easiest ways to get yourself into some pretty insurmountable credit card debt. If you’ve been looking to find a more permanent solution to your debt problems, then you’ve probably never considered using prepaid debit cards before.

While it may seems as though one type of plastic is just as bad as another, prepaid debit cards offer the best solution for permanently staying out of debt. So say good-bye to your credit cards and hello to financial freedom!

One of the greatest benefits of prepaid debit cards is that you can control your spending. If you tend to shop as though you don’t have a budget - and let’s face it, with credit cards, it’s easy to think this way - then you’ll find a prepaid debit card absolutely indispensable.

Unlike credit cards, you can control the balance that’s loaded onto the card. So if you want a card with a $1,000 spending limit, then you have the freedom to make that choice with prepaid debit cards. Unlike credit cards, where the balance is determined by the lenders, you can have the power over how much you’ll be able to spend with your plastic. It’s a great way to stay on budget, which is absolutely indispensable when you’re looking to stay out of debt!

Additionally, prepaid debit cards can help you boost your overall credit rating, which is one of the most important determining factors for how much interest you’ll pay when you apply for credit cards, mortgages and other personal loans. When you’re paying 18% interest for every purchase that you make with a credit card, it’s almost inevitable that you’ll fall into the kind of debt trap that can seem impossible to get out of.

However, with prepaid debit cards, you’ll not only avoid paying those outrageous interest fees; you’ll be able to give your credit score a healthy boost! This is certainly an attractive benefit to prepaid debit cards, especially for those consumers who may have a less-than-perfect credit score.

If you’re a parent, then prepaid debit cards make a great financial investment for your children. Unlike credit cards - which can often be wielded by teenagers or college-age students with disastrous results - prepaid debit cards will protect your hard-earned money, while teaching your child all about financial responsibility. When it comes to staying out of debt, it helps to keep a rein in on what your child spends!

Prepaid debt cards offer one of the best alternatives out there in the constant battle against debt. If you’d like to claim your own prepaid debit card, visit LifestyleDebitCards.com today!