do that is by putting your essential expenses on a prepaid card, which gives you a concrete limit on what you can spend. This can be helpful if you live paycheck to paycheck or have trouble sticking to your budget. Tracking Your Spending
Using your prepaid card to keep track of monthly expenses is an excellent way to maintain financial discipline and avoid overdraft fees or going into debt. You can use a budgeting app or the card's dashboard to see your credits, debits and pending charges, and who has permission to use the balance.
You can also set up direct deposit on a reloadable card so that it receives only the amount needed to cover your expenses (plus a small cushion) each pay period, and transfer the rest into another destination, such as your savings account. This method gives you the flexibility to adjust your direct deposit in the future if necessary and helps you get an accurate picture of exactly how much money you're spending each month.
Begin by grouping your expenses into needs and wants, so you can pinpoint the areas where you could save. For example, you might find that those impulse buys at Target are costing you a lot, or you'll realize that the recurring subscription services you're paying for aren't worth the expense.
Once you have a handle on your fixed expenses, you can make budget adjustments to free up additional cash for variable spending like food, clothing and travel. You can also lower your big expenses, such as housing, car payment or mortgage and insurance premiums, to make room for savings and debt repayment.