Just in case you weren’t aware, there are major differences between prepaid debit cards and a credit cards. Oh I know they look the same – they’re both issued by MasterCard or Visa – but underneath the hood they work very differently. Here’s what I mean.

Prepaid cards need to be loaded with cash before you can use them and credit cards come loaded with “credit.” In the first case, you can only spend what you already have. In the second case, you can easily spend what you don’t have. Now I ask you, which one is more likely to get you into debt and ultimately into financial trouble?

To learn more about the usefulness of prepaid debit cards and how they can help you stay out of debt, please read Prepaid Debit Card.