QoD: If my employer offers to pay me using a payroll card, do I have to accept it?
Hat tip to Leigh Weldin of Conrad Schools of Science (DE) for this Question of the Day idea. She mentioned how many of her students were asking her about these payroll cards.
- Would you tell your employer you don't want to get paid using a payroll card? Why or why not?
- What do you think are alternative ways for you to get paid?
- Why do you think that companies like using payroll cards?
Behind the numbers (consumerfinance.org):
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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