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Episode 2881:
Vekevia Tillman-Jones outlines three situations where using a debit card can backfire, leading to financial headaches like overdraft fees and increased vulnerability to fraud. She offers practical alternatives to help you manage these risks while still sticking to a cash-based approach.
Read along with the original article(s) here: https://www.financialfinesse.com/2018/02/20/3-times-you-should-avoid-using-your-debit-card/
Quotes to ponder:
"Trying to spend those held dollars before the hotel releases it could lead to an overdraft in your account, even though the hold eventually goes away."
"Sometimes it seems like the internet is just one big hackathon with thieves stealing your info no matter how hard you work to protect it."
"Credit card companies are also much quicker with crediting your account back to make you whole from unauthorized transactions."
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