New York Times Article on Overdraft Fees + Listener Question About Buying A Car on a Shoestring Budget

<p>I discuss the <a href="https://www.nytimes.com/2021/06/22/your-money/overdraft-fees-banks.html">Tara Siegel Bernard article in the NY Times about how certain banks are changing their view on overdraft fees, offering alternatives in light of Ally doing away with OD fees.</a></p> <p>The main thing I discuss is the<a href="https://newsroom.bankofamerica.com/press-releases/bank-america-introduces-balance-assist-revolutionary-new-short-term-low-cost-loan"> Balance Assist program from Bank of America</a>, how it is actually impacting more people negatively because of its rigid terms. I also discuss how the numbers show that OD fees impact a disproportionate number of POC and lower-income people. Plus we get into the <a href="https://www.washingtonpost.com/news/get-there/wp/2017/01/20/a-former-bank-ceo-named-his-boat-overdraft-now-that-bank-is-in-hot-water-over-the-fees/">2017 Washington Post Article where we find out the former CEO of TCF Bank named his boat "Overdraft"</a>....Sigh</p> <p>I also discuss an elephant in the room: That smaller banks make a bigger portion of their revenue on overdraft fees, and we discuss how this needs to be addressed as well.</p> <p><br></p> <p>Then, I talk about a listener question regarding finding ways to be able to purchase a car when your budget doesn't allow it. I get into a frank discussion about secondary and passive income, especially these days where collectible markets are rising, onlyfans is prominent, and Twitch gamers make thousands.... Mainly I discuss the benefits of donating plasma is cities where a center is available. I discuss how it supplemented my income, and then became a full-fledged part of how I piece together my budget, and I discuss plans for the listener on how he can tackle this hurdle. I love talking about issues like this, because I found myself in them often growing up!</p> <p><br></p> <p><br></p> <p><br></p> <p><a href="https://linktr.ee/NotoriousBanker"><em><strong>All My Links HERE</strong></em></a></p> <p><em><strong>MY PATREON Page! For as little