Money is a feminist issue — and yet, women are still reluctant to talk about it. According to a recent Bustle survey of more than 1,000 Millennial women, more than 50 percent of people said they never discuss personal finances with friends, even though 28 percent reported feeling stressed out about money every single day. Bustle's Get Money series gets real about what Millennial women are doing with their money, and why — because managing your finances should feel empowering, not intimidating.
Remember when you were a kid and you had that whopping $50 you saved earnestly and were so pumped to have your ‘official’ banking account? When my dad drove through old, winding country roads to our local branch, I was around 13 years old and fully stoked to have checks with my name on it. But as I signed my name with dotted hearts, my pop reminded me that it wasn’t just free money, but that I’d need to save at least 20 percent of everything I made for the ‘future.’ To me that meant when I was driving, and I followed instructions, eventually saving up enough money to pay for a third of my first car.
But once I made it to college and was armed with a meek monthly allowance and tasked with working part-time and going to school full-time, that debit card got a lot more action. So much in fact, that I can’t count how many times I overdrafted and had to call, embarrassingly, to my mom to rescue me or bargain with the bank that it would never happen again (it did). It wasn’t really until I packed up my suitcases and headed to NYC — sans job or apartment! —to build my adult life post-graduation that I really started taking control over my finances. I only had $3,000 to my name back then as that over-eager 21-year-old, but I managed to not only save money, but to build my bank’s trust back too. These days, at 28, I’m doing just fine.
To get a firm grasp on the need-to-know facts about debit cards that I wish I had known way back then, I talked with finance experts to give the scoop: