Prepaid Credit Cards

I was thinking the other day about how often I use my credit and debit cards, and wondered how people without credit histories (teenagers, for instance) get by with buying items online, etc. That's when I remembered that more and more people are starting to use some form of Prepaid Card">. In fact, I even got a rebate from buying a new cell phone and it came in the form of a prepaid Visa card instead of a check. How great is that! I don't have to make a trip to the bank and I can start using it immediately.

I think in a couple of years when Buddy gets his first job, I'll set him up with a prepaid card so he can get used to managing his money that way.