Comments for Banking Advice | BankingAdvice.com

Comment on Setting up Direct Deposit is Easier than You Think by Paying Yourself First – The Key to Saving Money | Banking Advice | BankingAdvice.com

Fri, 16 Dec 2011 15:50:26 +0000

[...] Your Check and Immediately Transfer Funds. If your employer does not offer direct deposit, then you’ll need to get into the habit of making the transfer into savings yourself. Rather than [...]

Comment on Why You Should Consider an Internet Bank Account by Erik Nestorovic

Erik Nestorovic — Wed, 07 Dec 2011 17:13:02 +0000

A lot of people may be skeptical about online banks since they don’t really have such a strong presence like Chase of BofA. I definitely have to agree with you though, they offer so many advantages, you have to make sure you can find one that reimburses ATM fees or is affiliated to a large bank/ATM network so you don’t end up having to waste money whenever you want to withdraw some cash.

Comment on Pinching Pennies on Your Grocery Bills by grocery coupons

grocery coupons — Tue, 08 Nov 2011 16:43:18 +0000

grocery coupons…

[...]Pinching Pennies on Your Grocery Bills | Banking Advice | BankingAdvice.com[...]…

Comment on Financial Advice for Young Adults by SB @ One cent at a time

SB @ One cent at a time — Wed, 02 Nov 2011 03:07:17 +0000

This is my take on what young adults must do

http://onecentatatime.com/10-pieces-of-financial-advice-for-young-adults/

Comment on College Student Budgeting by The Midstate Bulletin Board Blog: Learning to Budget in College | The Midstate Bulletin Board Blog

Thu, 06 Oct 2011 00:02:45 +0000

[...] why now, more than ever, it is important to learn to budget as a college student. An article from BankingAdvice.com outlines four tips to consider as you embark in life at [...]

Comment on College Student Budgeting by Learning to Budget in College | The Midstate Bulletin Board Blog

Learning to Budget in College | The Midstate Bulletin Board Blog — Wed, 05 Oct 2011 23:52:40 +0000

[...] why now, more than ever, it is important to learn to budget as a college student. An article from BankingAdvice.com outlines four tips to consider as you embark in life at [...]

Comment on How Does the Current Economic Crisis Affect Your Money Market Account? by bank

bank — Tue, 13 Sep 2011 14:04:23 +0000

bank of america…

[...]How Does the Current Economic Crisis Affect Your Money Market Account | Banking Advice | BankingAdvice.com[...]…

Comment on How Does the Current Economic Crisis Affect Your Money Market Account? by admin

admin — Mon, 29 Aug 2011 19:09:58 +0000

Hi Michael,

Thanks for your comments.

For your information the article is written by myself, and not sponsored by “banks”.

You are NOT correct in your statement about “losing money”, however you will lose buying power if inflation is 3.5% and the bank you deposit money in is only returning you 0.5%.

Of course you could have invested your money is the stock market (e.g. S&P 500) in the year 2000 and have a negative return i.e. real loss of your money as of now.

The point of this article was to identify potential issues with money market funds (not FDIC-insured) versus bank money market accounts, which do provide FDIC insurance. I’m sure you are aware that several money market funds over the last several years have seen their net asset value drop below $1.00.

Best!

Comment on How Does the Current Economic Crisis Affect Your Money Market Account? by Mike

Mike — Mon, 29 Aug 2011 14:47:24 +0000

I can only assume that BankingAdvice.com is written by and/or sponsored by banks, since this advice is so stupid. The article doesn’t even mention the money lost in money market funds due to the rate of inflation. If you are getting 0.5% on your money market and the inflation rate is 3.5%, YOU ARE LOSING MONEY! HELLO?!

Comment on Top Banking and Budgeting Software by John Orlando

John Orlando — Thu, 14 Apr 2011 18:57:17 +0000

It’s extremely important for companies to utilize budgeting software. Excel spreadsheets can get messy and confusing. Software allows for easy access to important forecasting and planning components.