Debit Cards Are the Motorcycles of Personal Finance

Debit Cards Are the Motorcycles of Personal Finance
For you, a debit card is a convenience. For your bank, it's a huge moneymaker. ChameleonsEye/Shutterstock
Updated:

For decades, I’ve pleaded with my readers not to use debit cards because they are not safe. And for years, I warned my sons about the dangers of riding motorcycles because they are not safe.

Has anyone listened and taken heed? Debit cards are more popular than ever. And on the subject of motorcycles in my family, to date, I have a 50 percent fail rate. For me, debit cards are the motorcycles of personal finance.

Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2022 CREATORS.COM
Related Topics