If you currently have a debit card that you use regularly for transactions, you may actually save more by obtaining prepaid cards and utilizing those to help you create a better budget that you can stick to. In recent years, these cards have risen in popularity due to the ease of use that they provide, their lack of an overdraft program and easy refills.
Additionally, if you are looking for ways to stretch your budget, government grants can help in a number of ways, as there a variety of types of grants available. Grants can provide support for housing, repairs and renovations, education and more. By learning more about these grant programs, you can discover savings that you may qualify for.
Finally, medical assistance programs such as CHIP insurance and Medicaid can aid low-income households in obtaining health insurance coverage. By taking advantage of these assistance programs, you can save money on medical costs that you may face.
Even if you already have a debit card, you may be able to improve budgeting techniques and save more money on bank fees by taking advantage of prepaid cards. Prepaid debit cards can help you improve your budget and save money, as most cards do not include an overdraft program or fees that are traditionally charged for having a checking account, such as a monthly maintenance fee. Rather than charging you an overdraft fee if you attempt to make a purchase without enough money in the account, your prepaid card will simply be declined. This can help you to avoid fees and become more conscious of your available balance.
In recent years, prepaid debit cards have become far more popular in the United States. In fact, many cards offer similar debit advantages and features, such as online and mobile access to your card’s account. These online services will allow you to review your purchase history. Some cards will even include pie charts that include the categories that you spend your money on most frequently.
When reviewing the best prepaid cards available, it is worth taking the time to find a card that is either Visa or MasterCard if you prefer not to have restrictions on where you can use your card. It is also worth reviewing the different features that the cards you are considering may offer. For example, the Walmart MoneyCard includes certain budgeting features, such as account alerts and monthly sweepstakes. The monthly sweepstakes entries are provided for free so long as you meet saving requirements.
Government grants provide a number of unique ways to save money. There are a number of federal grants in the United States, including grants that are designed to aid low-income households with the ability to purchase, repair or renovate a home. These types are grants are generally offered through the United States Department of Housing and Urban Development (HUD), but you may find additional grants offered through your local government. In addition to housing grants, your local government may also offer assistance with heating and cooling costs, as well as funds for weatherization projects in order to reduce your monthly utility expenses.
Another helpful federal government grant program is the Pell Grant. Pell Grants make it easier for you to pay for a college education. Eligible students can receive free funds for educational classes each award year. While these funds may not pay for your entire college education, depending on your expected costs, these grants provide you with the opportunity to further your education, which can lead to a better job and a higher level of income.
If you have children, CHIP insurance is designed to provide children younger than 18 with medical insurance benefits at little to no cost. This federal and state governed health insurance program is designed for children who live in households that do not qualify for Medicaid, but do not have a high-enough income to afford private health insurance. CHIP provides qualifying children with the same level of health insurance coverage as the state Medicaid program. Costs can vary by state and household income levels. However, most programs offer coverage to children at little to no cost.
Medicaid health insurance provides health insurance coverage for low-income households that meet eligibility requirements. These eligibility requirements differ from state to state. In some states, this form of insurance is only available to families that are working and have children within the household that also need health coverage. Medicaid insurance generally provides full health insurance coverage options, including visits with a physician, preventative care, immunizations, X-rays, lab work and emergency services. Additional coverage options, such as vision care, dental care, glasses and more are offered in some but not all states. Check with your state program to learn more about the coverage benefits that you can receive and whether or not you qualify for this type of low-income insurance.
Unlike Medicaid, Medicare is entirely regulated by the federal government, so states do not have the ability to decide on the level of coverage that is included in basic packages. However, this type of insurance program is only available to individuals who meet age or disability requirements. If eligibility requirements are met, participants are given the opportunity to build their own health care package for the type of coverage they need. Medicare premiums, copayments and co-insurance amounts are generally based upon the income level of the participant.
The program is split into four parts, called Medicare Part A, B, C and D. Part A is also known as hospital insurance and helps cover inpatient care, while Part B covers outpatient care. Part C plans come from private health insurance companies and provides insurance for the same coverage as Parts A and B. Finally, Medicare Part D helps to pay for prescriptions.
It is worth taking the time to review medical insurance options that may be available to you, as these various insurance programs can help you cut the cost of your medical bills. Generally, programs such as Medicaid and CHIP Insurance are handled on a local level by your state’s Department of Health and Human Services (DHS) or your state’s equivalent department.