Category Archives: Prepaid Cards

Getting the Most out of Your Prepaid Card

Prepaid cards are a convenient and viable way to spend money responsibly. They are a secure and make it easy to monitor your finances without requiring the use of a checking account. However, like all financial tools, there is a certain amount of responsibility required when using prepaid cards. To help you get the mostContinue Reading

Use Prepaid Cards to Keep a Balanced Budget

Maintaining a balanced budget doesn’t necessarily require the use of a credit or debit card. There is a convenient alternative in the form of prepaid cards! Prepaid cards can be reloaded online without a bank account and are available at a variety of institutions for purchase. These useful tips will help you to keep aContinue Reading

Prepaid Cards Can Teach Teens to Be Money Smart

If your teen needs practice learning about financial independence, a prepaid card can be a great way to teach them how to handle money in a responsible manner. Since prepaid cards aren’t directly tied to a checking account, teens won’t have to worry about accidentally spending more than the value of the card. With thatContinue Reading

The Benefits of Prepaid Cards For College Students

One of the most important lessons you can learn while attending college is how to properly manage finances. How money is handled is largely affected by what method is used to access it. Normally, a new college student will open a checking account and use a debit card to make purchases. However, an alternative methodContinue Reading

Use Your Prepaid Card to Pay Bills Online

For those who do not have a checking account, paying bills can be quite an ordeal. You may have to obtain a money order and deliver your payments to the location in person. To eliminate some of that unnecessary hassle, consider using a prepaid card. With a prepaid card, you can pay your bills onlineContinue Reading

The Benefits of Using a Prepaid Insight Card

As an alternative to banking, many Americans opt for a prepaid card such as the Insight Visa Prepaid Card. In addition to being able to shop online, prepaid cards can be used for a variety of purposes. From controlling your child’s spending to budgeting funds, prepaid cards offer many advantages. Here are just a fewContinue Reading

Manage Your Money with Prepaid Cards

Those in search of a simple way to budget their finances and to become less dependent on credit cards should consider using prepaid cards. Network branded prepaid credit cards offer users the best of both worlds. There is the convenience and protection of a MasterCard or Visa credit card as well as the benefit ofContinue Reading

Understanding Prepaid Credit Cards

“Credit cards are so convenient, but sometimes high interest rates and the risk of crippling debt outweigh all the benefits.” If this thought has ever gone through your mind, then you may want to consider a prepaid credit card. Available at many stores that provide financial services to the community, a prepaid card is oneContinue Reading

The Truth About Pre-Paid Debit Cards

Nowadays, we are increasingly reliant on technology to take care of our financial needs. Between online bill payments, ATMs, and direct deposit services, it’s often necessary to have a debit card in addition to cash. However, an estimated 10 million households in the United States don’t have access to a bank account, which can makeContinue Reading

Making Choices For Your Financial Security

Basic Tips to Plan for Future Financial Security-

Credit Accepted

Keep Your Financial Future Bright!

Most Americans aren’t on the proper path to be financially set for retirement. It requires a lot more planning than simply putting a pile of money into a savings account every month. Requirements for future financial stability differ from person to person, but with a few simple tips and a little bit of careful planning, you can be sure to be on your way to a pleasant retirement.

How to Maximize Your Savings and Your Confidence for Retirement

  • Start as soon as possible. You can never start saving too early. Putting a set amount of money away into a savings account will accumulate greatly over time with the included interest.
  • Treat your monthly savings as an expense. Rather than simply putting the remainder of your monthly balance into your savings, budget it into your expenses, just as you would your electric bill or rent. This will help to reduce the temptation to spend your extra cash on other items. Some banks allow you to automatically debit a savings amount to a retirement account on the day your paycheck is deposited.
  • Do the budgeting work. The temptation may be to save as much money as possible, but if this means taking on higher-interest loans because you can only make smaller monthly payments, the trade-off might not be that good. Balance your expenses to maximize efficiency.
  • Place your savings into a tax-deferred account. The portion of your paycheck that is added to a tax-deferred account will not be taxed until it is withdrawn from the account. This is not just a deterrent to not spend this money — because the tax is based on income level, withdrawing from the account after retirement when you have little or no income will mean that the tax is much smaller.
  • Work with an expert. A financial planner can help you to understand the nuances of financial planning so you can maximize your savings potential and help you to catch factors you may have missed.

Community Choice Financial™ Inc. Can Help You to Start Saving

Community Choice Financial™ Inc. is a commercial service that specializes in helping consumers operate in the modern financial atmosphere. Some of our services include short-term consumer loans, money orders, check cashing, and money transfers. Visit our webpage to learn more about what we do.

Continue Reading