Prepaid Bills: A Flexible Option for Students

Being a college student is quite the balancing act between going to class, going to work and making time to socialize—and it also means having an extremely tight budget. Working a low-wage job while paying high tuition fees and living expenses comes with the territory. How can you budget well and avoid racking up large bills and excess debt while working your way through college? Try prepaid services to help you maintain control over your spending.

Cell Phone Plans

Prepaid phones aren’t the most hip or popular choice, but they are certainly budget-friendly. Prepaid phone plans involve paying for cell phone service before you use it. Generally, you will hear the term “minutes” used to measure how many phone calls you can make and text messages you can send. You will also prepay for a certain amount of mobile data you can use to access the internet. If you run out of either, you can purchase more as you need it. With prepaid phone plans, you can control how many minutes and how much data you want to purchase, making it flexible to your personal budget needs.

Credit Cards

Prepaid credit cards are another great way to help college students manage their spending. They are loaded with money in advance and used to make a variety of purchases, pay bills or withdraw cash. They aren’t connected to a bank account; therefore, they cannot overdraft. You can only spend the amount that’s on the card. This will help you control the temptation to overspend, keeping you safe from incurring debt.

Most college students haven’t yet established their credit. Prepaid credit cards are good for people who have low credit scores or a thin credit file because there is no credit check required to get one. Just be aware that prepaid credit cards do not help build credit. They are only a tool to help you set aside money for certain expenses and manage your spending.

Electricity

Prepaid electricity is another service that can help you manage your budget. Prepaid electricity works entirely different from the traditional electricity you’re probably used to. Instead of receiving a surprise bill at the end of each month, you pay for electricity as you go. 

Basically, you pay for electricity in advance. You load funds into your account, then your electricity deducts from that amount as you use it. This gives you control over how much electricity you plan to use within a given time period. You can also track how much electricity you’re using daily and how much you have left through daily reports, leaving no room for surprises. The flexibility of prepaid electricity makes it a perfect option for college students who are running on a tight budget and need to plan their expenses down to the penny.

There are plenty of prepaid services out there you can try that will help you save money and better manage your spending. The flexibility and control prepaid services offer are essential for college students trying to budget their living expenses and tuition costs. Get started with prepaid electricity today with Pronto Power and take control over your power bill!