NETS Prepaid Card for managing family expenses

While building your own family unit is endlessly joyous and rewarding, it’s not a revelation that it can also get very expensive. Between groceries, bills, and the costs of raising kids, your bank account may plunge into overdraft if you’re not careful. 

That’s why we’re here to suggest a solution to managing household expenses. With the NETS Prepaid Card, you get access to a multitude of helpful functions like setting daily spending limits, receiving instant alerts on transactions, and tracking expenses for the whole family. Here are some nifty functions of the card, beyond just using it for quick and easy payment. 

1. Track expenses across multiple cards

Good news: you can now track family expenses across multiple NETS Prepaid Cards.

Simply link all of the cards to the NETS App. Up to 10 cards can be synced to a single account, so if you’d like to keep an eye on your dependants’ spending habits – from your children or elderly parents to your domestic helper, go ahead. It’ll give you a better idea of where your earnings are going, and help you with tasks like tallying up the family’s weekly expenses without having to sit down for manual accounting.

2. Set daily spending limits

The NETS Prepaid Card lets you set daily spending limits so you can take control of your family’s finances. That way, you’ll be able to make sure your children’s allowance isn’t going entirely to the snacks at Don Don Donki. This function will also help teach your kiddos’ good money habits from young.

Fearing that your dependants don’t have the willpower not to swipe your savings away? The daily spending limit can be changed straight from the NETS App, and takes effect instantly – in case you’re in a pinch and need to swiftly make a big ticket purchase. Now you’ll be able to monitor your entire household’s expenditure at a few taps of the screen.

3. Receive instant notifications on transactions

A dollar here and there can add up fast, but often go unnoticed until they’ve eaten up a big chunk of your budget. When your family uses the NETS Prepaid Card, however, you’ll receive instant notifications on every cent spent.

This function will help hold the entire fam accountable for every Starbucks run. Plus, it’ll make it less likely that you’ll fall for yet another #TiktokMadeMeBuyIt find. If your helper uses the card to shop for groceries or taking public transportation to pick up your kiddos from school, you’ll be notified instantly as and when a payment is made.

4. Top up remotely via the NETS App

Topping up NETS Prepaid Cards doesn’t require you to get off your couch. In fact, you can do so anytime, and from anywhere.

All you need to do is launch the NETS App on your phone and hit the top-up button. From there, you’ll be able to top up the card online with an amount that your heart desires using a NETS ATM, a credit card, or a debit card.

For even more convenience, opt in for the Auto Top-up function so that your card will top up automatically when it reaches a low balance of your choice. Settings range from $10, $20 or $50, up to a maximum of $100.

5. Lock lost cards & refund balance

If you happen to be one of those who always seem to misplace things, this is going to be the card for you.

Via the NETS App, you’ll be able to lock your card until it’s found. In the event that your NETS Prepaid Card is lost or stolen, you can terminate the card immediately on the app and get your balance transferred back to your bank account. 

This will be a lifesaver when you hand the card to a dependant like your elderly parents, and they come home to report that they’ve misplaced it while out and about. On top of that, the NETS Prepaid Card can help in getting them familiar with digital payment, which is much safer than carrying cash around.

Equip your family members with the NETS Prepaid Card

Look, no card can physically stop you from hoarding entire stores every sale season, but there are some nifty resources out there that’ll keep you in line with your financial goals – one of which is the NETS Prepaid Card.

Together with the NETS App, they can be great tools to keep tabs on the entire family’s spending habits and help everyone stick to a budget. Plus, the card’s a safer alternative to carrying cash around. Each card is valid for 5 years and can be used on buses, trains, and at over 130,000 stores in Singapore where NETS payment is accepted.

There’s a collection of festive card designs, perfect for the holiday season.

On top of that, NETS Prepaid Cards can also be customised for an extra personal touch. Choose from a slew of designs like iconic landmarks and superheroes, or upload a photo of the giftee or their pets onto the NETS App for card personalisation. If you’re getting a series of cards for your clan, a family photo will be a nice and heartwarming touch to have in their wallets.

If you’re looking to better budget your paycheck, consider getting a few NETS Prepaid Cards for the household.

Manage household expenses with the NETS Prepaid Card

This post was brought to you by NETS.
Photography by Gavin Chua.