Prepaid credit cards - the perfect way to control your spending and keep within budgets. You set the spending limits by the prepaid amount loaded on the card. This kind of credit card works well for students and teenagers too. Parents need not worry about spiraling debt that the kids may pile up.

Offshore banking account

The term offshore originally referred to ‘Channel Islands’ namely Jersey, Guernsey and others which are physically located at a distance from mainland Britain and which enjoy a tax haven status. Later the term ‘offshore’ came to be used figuratively to all such banks that are tax havens regardless of their location. Interestingly most of the offshore banks are located in island nations except for Switzerland, Luxembourg and Anorra which in particular are landlocked.

Prepaid credit card
Prepaid credit cards are an excellent idea if you are on a budget-controlled spending or if you are credit challenged. In fact, you can never tell by looking at a credit card whether it is prepaid or otherwise. You need to open an account and load the credit card with cash up-front. It works in much the same way as prepaid telephone calling cards. Your cash balance works like your credit limit. All you need to do is to activate your prepaid credit card just like you would do for any other. Each time you use your card, the purchase amount is automatically deducted from your card balance. Always keep track of the balance in your card account before making purchases. Prepaid credit cards have many an advantage:

• You can apply online or at any retail stores. Since the money is paid up-front, there are no credit checks or income requirements.

• Prepaid credit cards from VISA or MASTER can be used in practically all establishments.

• Since you are borrowing your own money, no interest charges are levied

• You cannot harm your credit history in any way. If you have damaged credit, the prepaid credit card is right for you.

• Prepaid credit cards are safer than carrying money.

• You can track your expenses and plan prudent budgeting. Make use of online tracking facilities to plan where you spend your money. You can review the balance that is left for the remainder of the month.

  
  

  Free prepaid credit card
  The concept of a free prepaid credit card is a misnomer. Though no interest in charged on the account or no annual fees are applied, there are registration and other charges. Extra fees are charged for topping up the prepaid credit cards with more money.

  
  

  Prepaid credit card for teen
  Prepaid credit card for teens is an excellent way to monitor their expenses as well as keep it under reasonable limits. Gift a prepaid student credit card to your kid and it help for many a purchase. Parents can set a limit for the prepaid credit card for their teenage children. The children do not need to carry money around and parents are relieved of the woes of uncontrolled spending. This can work as a preparatory exercise in money management for students. Prepaid student credit cards offer the convenience of plastic money to the kids, albeit with limited amounts. There are various tracking tools that help parents monitor the spending activities and maintain control. Parents can transfer the amount they choose into the prepaid credit card for teen account from their own checking accounts.

  
  

  Prepaid gift credit card
  There is no dearth of prepaid gift credit cards available from various lenders. Check out prepaid VISA gift credit cards. You can gift them to your kids for traveling. The recipient of a prepaid gift credit card can use this card for anything, ranging from everyday purchases and gas to even luxury items.