Online Buzz: Prepaid Debit Cards Protect Seniors
"But that nice young man was so kind to sell me that burial insurance." So goes a conversation when older adults lose money to financial scams or simply get confused on how to manage their money.
With so many financial options on the market these days, it's no wonder a number of seniors are unknowingly draining their bank accounts and misusing debit and credit cards. Fortunately, prepaid debit cards are one of the most secure ways to rein in overzealous or unwise spending by seniors. Older adults spend decades managing their pocketbooks and can bristle at the suggestion of having someone else control their money. However, a prepaid debit card still gives elderly loved ones financial buying power while providing built-in limits.
|For an overview of prepaid debit cards, as well as a look at the drawbacks, visit the Right at Home blog, where you will always find the latest information about senior health and home care.|