When I first talked about the Kim Kardashian MasterCard aka the Kardashian Kard that debuted last week, 80 percent of you thought the idea was baffling. Turns out, SavvySugar readers have great instincts and were totally on the ball with this one. One of the biggest downsides to the prepaid debit card is that activating it will cost you $50 or $100. Another one is the endless list of fees that happen after activation: $8 monthly fee after a certain time period, $1.50 ATM withdrawal fee, $2 bill pay fee, $1 for adding money to the card, $1.50 to talk to a customer rep, and more.
TrèsSugar recently shared five secrets to Kim's success, and although no one can deny the reality star's influence in the media and fashion world, maybe she shouldn't dip her hands in the finance pot. I think reader Suzanne Leung made a valid point when she commented on the SavvySugar Facebook fan page saying, "Maybe it's just me, but an image of the Kardashians doesn't quite say 'fiscal responsibility' to me." The girls live decadent lifestyles — buying designer clothes, wearing expensive jewelry, and driving premium cars. I'm asking: do you think the Kardashians serve as good role models for managing personal finances?