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7 Best Prepaid Debit Cards You Should Know

7 Best Prepaid Debit Cards You Should Know

Prepaid debit cards are a great way for individuals to learn how to be financially responsible. In our world today, cash is starting to become obsolete in comparison to the use of plastic to make purchases. When you go online to purchase items, a place that can offer amazing deals, cash isn’t accepted but credit or debit cards are. This means that missing out on a debit card results in possibly missing out on some amazing cyber deals. But not all prepaid debit cards are made equal. Some come with outrageous fees, difficulties with ATM access, and multiple regulations. Today, we will give a nice overview of six of the best prepaid debit cards on the market today.

1. American Express Serve

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    American Express used to be considered a company for those with higher incomes. With the release of credit cards along with charge cards, this reputation changed and the company became open to more individuals. Now, with American Express Serve, as well as Bluebird, American Express is open to just about anyone. For only $1 a month if you don’t use Direct Deposit or load less than $500 a statement, you can enjoy a prepaid debit card with some of the same benefits I enjoy as an American Express credit card holder. ATM is free at a variety of select locations. Serve is loadable at thousands of locations across the US.

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    2. GreenDot Card

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      Greendot is considered by many to be a top prepaid debit card to choose. The card is free to purchase online. You do have a higher monthly fee of $4.95 compared to American Express. However, if you load more than $1000 a statement, it is a waived fee. In addition, unlike having to either load $500 or use Direct Deposit with American Express to be eligible for a fee waiver, you can have fees waived with Greendot by making 30 or more purchases of any value in a statement. ATM access is free at select locations.

      3. Simple

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        Simple has a unique concept compared to the other cards listed in this article. This Visa card is focused more on saving rather than spending for the individual. You are able to make goals, partitioning money to a specific part of your card reminiscent of a savings account but without being able to make interest. This is all on a contemporary, mobile phone-focused experience. Simple is very simple to sign up for and the savings benefits is a big draw for individuals. It is free to get and there are no fees as long as you keep the card active at least once within a six month period. There are other fees, including when you perform ATM withdrawals internationally, however they are small. You can access your money for free at over 55,000 ATMs across the country.

        4. H&R Emerald Prepaid MasterCard

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          The H&R Emerald Card with MasterCard is a great option from the company that we all know of with filing taxes. The Emerald Card doesn’t come with any monthly fees. There is a one-time loading fee of $4.95 to get started. ATM fees are $2.50, regardless of where you go. That’s a big reason why it isn’t in the top half of our list. However, the quality of the card and company behind it, along with the lack of monthly fees makes it a very competitive card. Just like all of the cards mentioned on the list, the FDIC insurance protects you as a user, ensuring that your money is safe and secure.

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          5. BB&T Money Account

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            The BB&T Money Account card makes the lower half of our list due to the fees associated with the card. While there are a fewer number of fees compared to the other cards on the list, one thing that is certain with this card is that you will pay something every month. As long as you use a BB&T ATM domestically, you are safe from those fees. However, you can’t escape the $6 a month fees that come with holding the card. Even if you load $1000 or more a month, this fee only reduces to $3 a month. If you are a student, look into their special card for the younger crowd, you’ll always pay $3 a month, no matter what. Despite this, it is a card we can recommend because the BB&T name behind this card is very strong. You’ll have almost no trouble finding a BB&T ATM to use, and the features with this card are numerous.

            6. Chase Liquid

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              Chase is a well known credit card company, but little did you know, their prepaid debit cards are just as good. If you are in the market for a debit card, you may find them even better. Their monthly fee of $4.95 makes it the most expensive on the list. Yes, while the Greendot card allows you to get out of the monthly fee if you deposit $1000, there’s no such grace period with the Chase Liquid card.

              Despite this, chances are you won’t be paying anything else. You can use the Chase app to keep track of your transactions, and this card comes with most of the same features mentioned about the other cards in this article. With the name Chase having your back, this is a great card and one of the best to finish off this list.

              Now that you know which of the best prepaid debit cards are out there, why not go out and get one for yourself today.

              Featured photo credit: Financial Queries via financialqueries.com

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              Published on November 8, 2018

              How to Answer the Tough Question: What are Your Salary Requirements?

              How to Answer the Tough Question: What are Your Salary Requirements?

              After a few months of hard work and dozens of phone calls later, you finally land a job opportunity.

              But then, you’re asked about your salary requirements and your mind goes blank. So, you offer a lower salary believing this will increase your odds at getting hired.

              Unfortunately, this is the wrong approach.

              Your salary requirements can make or break your odds at getting hired. But only if you’re not prepared.

              Ask for a salary too high with no room for negotiation and your potential employer will not be able to afford you. Aim too low and employers will perceive as you offering low value. The trick is to aim as high as possible while keeping both parties feel happy.

              Of course, you can’t command a high price without bringing value.

              The good news is that learning how to be a high-value employee is possible. You have to work on the right tasks to grow in the right areas. Here are a few tactics to negotiate your salary requirements with confidence.

              1. Hack time to accomplish more than most

              Do you want to get paid well for your hard work? Of course you do. I hate to break it to you, but so do most people.

              With so much competition, this won’t be an easy task to achieve. That’s why you need to become a pro at time management.

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              Do you know how much free time you have? Not the free time during your lunch break or after you’ve finished working at your day job. Rather, the free time when you’re looking at your phone or watching your favorite TV show.

              Data from 2017 shows that Americans spend roughly 3 hours watching TV. This is time poorly spent if you’re not happy with your current lifestyle. Instead, focus on working on your goals whenever you have free time.

              For example, if your commute to/from work is 1 hour, listen to an educational Podcast. If your lunch break is 30 minutes, read for 10 to 15 minutes. And if you have a busy life with only 30–60 minutes to spare after work, use this time to work on your personal goals.

              Create a morning routine that will set you up for success every day. Start waking up 1 to 2 hours earlier to have more time to work on your most important tasks. Use tools like ATracker to break down which activities you’re spending the most time in.

              It won’t be easy to analyze your entire day, so set boundaries. For example, if you have 4 hours of free time each day, spend at least 2 of these hours working on important tasks.

              2. Set your own boundaries

              Having a successful career isn’t always about the money. According to Gallup, about 70% of employees aren’t satisfied with their current jobs.[1]

              Earning more money isn’t a bad thing, but choosing a higher salary over the traits that are the most important to you is. For example, if you enjoy spending time with your family, reject job offers requiring a lot of travel.

              Here are some important traits to consider:

              • Work and life balance – The last thing you’d want is a job that forces you to work 60+ hours each week. Unless this is the type of environment you’d want. Understand how your potential employer emphasizes work/life balance.
              • Self-development opportunities – Having the option to grow within your company is important. Once you learn how to do your tasks well, you’ll start becoming less engaged. Choose a company that encourages employee growth.
              • Company culture – The stereotypical cubicle job where one feels miserable doesn’t have to be your fate. Not all companies are equal in culture. Take, for example, Google, who invests heavily in keeping their employees happy.[2]

              These are some of the most important traits to look for in a company, but there are others. Make it your mission to rank which traits are important to you. This way you’ll stop applying to the wrong companies and stay focused on what matters to you more.

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              3. Continuously invest in yourself

              Investing in yourself is the best investment you can make. Cliche I know, but true nonetheless.

              You’ll grow as a person and gain confidence with the value you’ll be able to bring to others. Investing in yourself doesn’t have to be expensive. For example, you can read books to expand your knowledge in different fields.

              Don’t get stuck into the habit of reading without a purpose. Instead, choose books that will help you expand in a field you’re looking to grow. At the same time, don’t limit yourself to reading books in one subject–create a healthy balance.

              Podcasts are also a great medium to learn new subjects from experts in different fields. The best part is they’re free and you can consume them on your commute to/from work.

              Paid education makes sense if you have little to no debt. If you decide to go back to school, be sure to apply for scholarships and grants to have the least amount of debt. Regardless of which route you take to make it a habit to grow every day.

              It won’t be easy, but this will work to your advantage. Most people won’t spend most of their free time investing in themselves. This will allow you to grow faster than most, and stand out from your competition.

              4. Document the value you bring

              Resumes are a common way companies filter employees through the hiring process. Here’s the big secret: It’s not the only way you can showcase your skills.

              To request for a higher salary than most, you have to do what most are unwilling to do. Since you’re already investing in yourself, make it a habit to showcase your skills online.

              A great way to do this is to create your own website. Pick your first and last name as your domain name. If this domain is already taken, get creative and choose one that makes sense.

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              Here are some ideas:

              • joesmith.com
              • joeasmith.com
              • joesmithprojects.com

              Nowadays, building a website is easy. Once you have your website setup, begin producing content. For example, if you a developer you can post the applications you’re building.

              During your interviews, you’ll have an online reference to showcase your accomplishments. You can use your accomplishments to justify your salary requirements. Since most people don’t do this, you’ll have a higher chance of employers accepting your offer

              5. Hide your salary requirements

              Avoid giving you salary requirements early in the interview process.

              But if you get asked early, deflect this question in a non-defensive manner. Explain to the employer that you’d like to understand your role better first. They’ll most likely agree with you; but if they don’t, give them a range.

              The truth is great employers are more concerned about your skills and the value you bring to the company. They understand that a great employee is an investment, able to earn them more than their salary.

              Remember that a job interview isn’t only for the employer, it’s also for you. If the employer is more interested in your salary requirements, this may not be a good sign. Use this question to gauge if the company you’re interviewing is worth working for.

              6. Do just enough research

              Research average salary compensation in your industry, then wing it.

              Use tools like Glassdoor to research the average salary compensation for your industry. Then leverage LinkedIn’s company data that’s provided with its Pro membership. You can view a company’s employee growth and the total number of job openings.

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              Use this information to make informed decisions when deciding on your salary requirements. But don’t limit yourself to the average salary range. Companies will usually pay you more for the value you have.

              Big companies will often pay more than smaller ones.[3] Whatever your desired salary amount is, always ask for a higher amount. Employers will often reject your initial offer. In fact, offer a salary range that’ll give you and your employer enough room to negotiate.

              7. Get compensated by your value

              Asking for the salary you deserve is an art. On one end, you have to constantly invest in yourself to offer massive value. But this isn’t enough. You also have to become a great negotiator.

              Imagine requesting a high salary and because you bring a lot of value, employers are willing to pay you this. Wouldn’t this be amazing?

              Most settle for average because they’re not confident with what they have to offer. Most don’t invest in themselves because they’re not dedicated enough. But not you.

              You know you deserve to get paid well, and you’re willing to put in the work. Yet, you won’t sacrifice your most important values over a higher salary.

              The bottom line

              You’ve got what it takes to succeed in your career. Invest in yourself, learn how to negotiate, and do research. The next time you’re asked about your salary requirements, you won’t fumble.

              You’ll showcase your skills with confidence and get the salary you deserve. What’s holding you back now?

              Featured photo credit: LinkedIn Sales Navigator via unsplash.com

              Reference

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