Prepaid cards can help your members stay on budget – CUInsight
- February 2, 2021
Excerpt from CUInsight shares how prepaid credit cards can help people create healthy budgeting habits.
With the new year and tax season just beginning, your members are likely thinking of ways to develop their financial health so they can meet their goals. Our partner GreenPath Financial Wellness shares that the journey to financial wellness is smoother when people take the time to create a budget. This step helps better identify each unique financial situation.
Yet, this can be hard to accomplish without the right tools. Prepaid cards, particularly reloadable cards, are a simple tool your members can use to successfully stay on top of their budgets this year.[/vc_column_text][/vc_column][/vc_row]
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Insight from GreenPath
Here are some ways prepaid credit cards can promote healthy budget habits.
- Better budget awareness – By loading a budgeted amount onto a prepaid card, members can be more conscious of how much they have to spend.
- Easy purchase tracking – Prepaid cards that allow users to track their everyday purchases and identify ongoing expenses.
- Categorized and organized spending – Tracking all of your spending for a month can give you a realistic idea of how to divide funds.
Read the entire article from CUInsight.
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