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PRE-PAID DEBIT CARDS

The way our economy works, you can't easily make do paying cash for everything. It's not safe to walk around with large sums of cash, and plastic makes online purchases a breeze. I am a big supporter of debit cards over credit cards. With a debit card you avoid the risk of running up an unpaid balance. But a debit card only makes sense if it charges you very low fees. And the sad truth is many pre-paid debit cards can be very expensive.
Video: Watch Suze explain the traps of pre-paid debit cards.

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