Have you ever taken a payday loan? What was your experience? Did you know the average payday loan customer borrows only $325 but winds up paying back $793?! Bottom line: you must know the facts and the costs w…hen it comes to payday loans. Do just about anything else before you turn to a payday loan as a solution to short term cash needs.

How often do you use your debit card? Statistics show Americans are now using debit cards 20% more often than credit cards. But did you know Americans also rack up about $9 BILLION in overdraft fees on our debit cards – in ONE year!? I just did a seg…ment on responsible debit card use for ABC News.

I really enjoy doing the Money 911 segments on The Today Show. We’ll be posting the video replays here each week in case you miss the live airing.