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Debit Quotes

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Debit Quotes

“Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.”

“Every notable advance in technique or organization has to be paid for, and in most cases the debit is more or less equivalent to the credit. Except of course when it's more than equivalent, as it has been with universal education, for example, or wireless, or these damned aeroplanes. In which case, of course, your progress is a step backwards and downwards.”

“There seems to be an unalterable contradiction between the human mind and its employments. How can a soul be a merchant? What relation to an immortal being have the price of linseed, the brokerage on hemp? Can an undying creature debit petty expenses and charge for carriage paid? The soul ties its shoes; the mind washes its hands in a basin. All is incongruous.”

“Wine has been to me a firm friend and a wise counsellor. Wine has lit up for me the pages of literature, and revealed in life romance lurking in the commonplace. Wine has made me bold, but not foolish; has induced me to say silly things, but not do them. If such small indiscretions standing in the debit column of wine's account were added up, they would amount to nothing in comparison with the vast accumulation on the credit side.”

“If you want to spend more money in restaurants, use credit cards more than cash. If you want to spend less, use cash more than credit cards. But in general, we can think about how to use the pain of paying and how much of it do we want. And I think we have like a range. Credit cards have very little pain of paying, debit cards have a little bit more because you feel like today, at least it is coming out of your checking account, and cash has much more.”

“Expensive, well-executed, and familiar ads convince the investors, as nothing in the black and white tables of assets and debits can, that the company is important and prosperous.”

“To get started, track your expenses for a couple of months. Then you should be able to start filling in your estimated debits and deposits for the next few months. Once you get it rolling for a while, you will be able to see your budget for the upcoming months reflected in the estimated totals. You can even notice year-to-year trends, like bonuses, tax bills, etc. that come up routinely and it will help you budget accordingly.”

“Credit or debit cards, for starters, are nothing short of shoppers' Novocain. Even in the age of digital purchases and virtual money, we still attach a special value to dirty paper with pictures of presidents on it. Handing some of that to a cashier simply hurts more than handing over a little sliver of plastic.”

“Fraud is common when you give away billions. Fraud related to Hurricane Katrina spending is estimated to top $2 billion. In addition, debit cards provided to hurricane victims were used to pay for Caribbean vacations, NFL tickets, Dom Perignon champagne, 'Girls Gone Wild' videos, and at least one sex change operation.”

“Everything that we do affects our fate for better or for worse. The circumstances into which we are born also exert a tremendous influence; we come into the world with debits and credits for which we are not responsible already posted to our account: this teaches us humility.”