If You’re not a Rock Star, Don’t Spend like one on Spring Break: Prepaid Cards & Other Tips
First of all, figure out how much you can reasonably spend without breaking the bank. Think about how much you can spend on airfare, food, hotel, parties, and shopping. Also, if you plan on driving, how much gas will you spend? Look at your current income and your savings, and set a fixed number that you can’t go over. Try not to take from the money you need for rent and utilities! Next, decide on where you can realistically go with the amount you came up with earlier. Don’t be a dreamer and think you can go somewhere that you know you can’t. For example, if you can only spend $800 total, buying a plan ticket for $600 to Las Vegas is probably not the best idea. If you don’t have the money now, then there is no guarantee that you will have the money at the time of your trip. Finally, now that you have a budget and know where you want to go, get a prepaid debit card instead of using funds from your bank account. The money in your bank account is most likely for rent, utilities, food, and miscellaneous expenses for college. That money can start dwindling fast if you start using your debit card over spring break. Having a prepaid card with the set amount you plan to spend over spring break will insure that you don’t overspend. One of the biggest advantages of a ,a href=https://www.netspend.com/>prepaid debit card over a bank account is the inability to overdraft and incur fees. You also put a limit on your spending because you control the amount you can spend. Now that you have set your budget, picked a place to relax, and got your prepaid debit card, you are ready for the most important thing on this list, have fun and make memories that will last you a lifetime. Make sure you have a clearly laid out plan and budget, stick to it, and be safe! About Author Michael is currently a 4th year accounting student at the University of Texas at Austin. He is particularly interested in business finance and debt. Additionally, he is writing his thesis on prepaid debit cards and prepaid credit cards for teens, distinguishing how young people learn the importance of handling their money only by hands on experience. Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
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