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Bobby Jain & 3 Money-Losing Debit Mistakes

By Rebecca Mills


No one can argue with the fact that debit cards are, for the most part, simple enough to put to use. While they may be effective on the financial side of things, did you know that poor handling can cost you money in the process? It's a topic that many authorities, Bobby Jain included, will be able to tell you all about. There are a number of mistakes that can be made during this process and here are just 3 that you should consider for a more financially solvent future.

To begin with, you have to be able to recognize the rates that your debit card has attached to it. You should know that there are certain limits and costs tied to each of them, depending on how much money is spent and other outlying factors. As a result, it'll be in your best interest to conduct research so that you may find the types of cards which will work best for you. If you can go about such a process, there's no doubt that you'll find the best choices to suit your needs.

Debit can also be made to be a more money-saving venture by staying aware of costs. For example, let's say that you head up to a register after completing your shopping, only to see that you have been overcharged. You might have utilized simple math to come up with an estimated total, so the idea of the actual total being made even greater can be something of a problem. In order to save money, in the long term, it's important to understand how costs come together and how debit can play into it.

Robert Jain Credit Suisse, as well as others, will tell you that it's important to maintain a record of your spending endeavors. You have to make sure that there are a number of utilities you'll have to take into account, each of them with their own rates to cover. This is where a greater level of financial responsibility will be required, which is a point that Bobby Jain will be able to bring to your attention as well. In order for this step to be taken, though, greater care with your debit card and bank account will be required.

Debit cards should be used for the sake of easier payments, which goes without saying. However, these cards must also be treated with a sense of financial responsibility, which is a point that no one will be able to overlook. The aforementioned points of discussion have been able to cover this, which goes without saying. Make it a point to take these into account so that, before long, you'll be able to save more money, your debit card proving to be a financially viable component.




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