Comments for The Financial Student

Comment on Why the Visa Buxx Card is a Bad Deal by Peter

Peter — Fri, 16 Dec 2011 13:55:01 +0000

Navy Federal Credit Union (NFCU) charges zero fees for everything except cash at an ATM. Parent just needs a NFCU membership and to fund from a NFCU account. I just told my kids no cash from an ATM. While perhaps not perfect, it meets the needs pretty well of a kid not yet ready for a checking account.

Comment on Should Children Be Paid for Chores? by NO WAY JOSE

NO WAY JOSE — Wed, 30 Nov 2011 16:40:55 +0000

I don’t think children should get paid for doing chores. Doing the chores is an expected duty,not something to get bribed about. When you get older and older nobody is there to tell you,”I’ll give $20, now go do the loundery. People need to face the real world!!!!!!!!!

Comment on Should Children Be Paid for Chores? by Alexis

Alexis — Wed, 30 Nov 2011 16:38:08 +0000

no kids need to learn responsebility

Comment on Why the Visa Buxx Card is a Bad Deal by Ryan

Ryan — Wed, 19 Oct 2011 13:31:38 +0000

@Grace, keep in mind I wrote this article over 18 months ago. The fees may have changed, but at the time they were what I found when searching the various banks’ websites. I just scanned Visa’s website again, and it still appears that a few of the banks issuing the cards charge either a one time setup fee or a monthly fee. I’m not sure how this is “completely wrong”. PayJr’s website also says that parents will be charged anywhere from $.50 to $2.50 to load the card.

My main point is just that a joint checking account provides all the benefits the Visa Buxx card does and usually provides them at a cheaper cost. Someone spending $500 a month in overdraft fees needs to seriously re-evaluate their financial situation, regardless of what method they’re using to pay. You can also tell your bank to not allow overdrafts if you wish.

Comment on A Quick Guide to Getting Started with CashCrate by Brianna

Brianna — Sat, 15 Oct 2011 23:16:54 +0000

Im only 13 and really want to use this website to get some extra money. My only issue is i dont want a whole bunch of things being sent to my email, my adress, and i deffinantly dont want to be getting ten thousand calls from people. If i do sign up to do this will i have to worry about getting calls from people and getting junk mail sent to my house. Especially with the phone i dont want my number getting a million calls every day. Do i have to worry?

Comment on Ciao! by Larry

Larry — Sat, 15 Oct 2011 22:20:30 +0000

Sono geloso di te.

Comment on Don’t Waste Money on a Class Ring by li

li — Wed, 12 Oct 2011 06:52:46 +0000

Scotty, the ring might be worth $750 now but you lost all of it to inflation. sorry

Comment on Why the Visa Buxx Card is a Bad Deal by Grace

Grace — Tue, 11 Oct 2011 15:35:53 +0000

I have a Visa Buxx card issued to me by my parents, and the things I’ve read in this article is completely wrong except for the ATM fees. Any bank will charge you 1.50-2.50 for using an ATM that isn’t associated with your bank. The only thing wrong with it is the fact that the direct deposit takes forever. Besides that I LOVE my Visa Buxx Card, and I strongly recommend it to everyone that doesn’t want to pay 500 a month on overdraft fees.

Comment on Ciao! by krantcents

krantcents — Sat, 01 Oct 2011 15:04:01 +0000

I wish I were there! I wish I were a student again, carefree and living in a foreign country for a year. I can not think of anything better.Accumulate a lot of memories.

Comment on Reader Question: How Much Student Loan Debt Is OK? by Ryan

Ryan — Wed, 28 Sep 2011 15:54:17 +0000

TK, you’re 100% right. Plus loans are only in the parent’s name. Legally, I am not responsible for paying it back. In my case though, I am the one who will be making payments and that’s what me and my family agreed on.