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How to Money
Friday Flight - Keen on Cash, AI Granny, & Timing Incoming Tariffs #915
Dec 6, 2024
Explore financial pitfalls like predatory loan deferment and the importance of cash budgeting to avoid holiday overspending. Discover DAISY, an AI program that engages scammers while reflecting on tech's role in finance. Learn about navigating airline fees and the potential impact of tariffs on car prices. Dive into how internships can launch careers, emphasizing hands-on experience for future success. Plus, tips on combating package theft and DIY car repairs to save money.
37:48
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Quick takeaways
- Consumers must scrutinize loan deferment offers during the holiday season to avoid hidden fees that worsen financial strain.
- Utilizing cash for holiday shopping can curb impulsive spending and help consumers maintain better control over their budgets.
Deep dives
Navigating Predatory Loan Offers
Predatory loan deferment offers can masquerade as helpful financial relief during the holiday season. An example discussed involves a bank mailing an offer to skip a car payment, which seemed beneficial at first glance. However, upon closer inspection, the deferment included a hefty fee that ultimately prolongs the loan term and increases overall interest costs. This situation highlights the necessity for consumers to read the fine print and recognize that such deals can be financially detrimental, especially when they target individuals who may already be facing financial strain during the holidays.
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highlights
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