Tuesday, October 5, 2010
No Bank? Big Fees!
This isn't necessarily the typical Human Show posting but I think it is appropriate for this blog anyway. Today I read an article about a journalist who spent one month living her life without a bank. I will let you read the article but if I haven't given you enough information, here is a little more. She suspended her direct deposit so she had to cash paper paychecks and did so at check cashing outlets. She didn't use her credit or debit cards and got prepaid cash cards at drugstores to use instead and she paid rent with money orders. She explains all of the different types of fees she incurred in this experience, it was quite a bit. Some of the fees and the amounts of the fees might make you think that money could have been better spent if it was used as in the picture above.
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