Saving & Spending

Ten Credit Card Myths

The website FoolProof uses videos and straightforward messages to warn young people (and everyone else, really) about the hazards of debt, interest, bouncing checks, and more.

Read more about the website at this story, which includes the site’s top financial myths:

–I don’t have to worry about credit at my age.

–Bad credit can’t

Debit Card Overdraft Fees: Will the Rip-offs End Soon?

Because debit cards deduct money directly from the cardholder’s bank account, it’s not possible to pile up debt like you can with a credit card. But debit cards are not without risk: Overdraft fees, which card issuers assess when customers spend more than the balance in an account, routinely cost $35 a pop, in some cases adding up to …

The Haggler’s Guide to Cheaper Health Care

A 53-year-old man who used to cover the health insurance industry as a journalist purposefully decides that health insurance isn’t worth the money, and so he goes without it. He negotiates with doctors, haggles over the costs of services, and asks for discounts because he’s paying in cash. Over the course of a year, he’ll save $6,000.

Not So Fast with the Fees, T-Mobile

All T-Mobile USA was supposedly trying to do was go green. That was the main reason it gave for planning to add a $1.50 monthly fee to customers who wanted paper copies of their bills.

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