Safe deposit boxes are a common bank and credit union offering, yet they’re often misunderstood. Many of us are only familiar with safe deposit boxes based on what we see on television and in the movies, and on that basis we might think their primary use is for storing priceless jewelry or stacks of cash.
In truth, safe deposit boxes may be useful for everyone who has something important that they want to keep secure. This might include jewelry and financial documents, but it might also include irreplaceable personal items.
Here are answers to some of the most common questions... Articles Tagged ‘Banking Advice’
Safe Deposit Box FAQ
Safe deposit boxes are a common bank and credit union offering, yet they’re often misunderstood. Many of us are only familiar with safe deposit boxes based on what we see on television and in the movies, and on that basis we might think their primary use is for storing priceless jewelry or stacks of cash.
In truth, safe deposit boxes may be useful for everyone who has something important that they want to keep secure. This might include jewelry and financial documents, but it might also include irreplaceable personal items.
Here are answers to some of the most common questions...
Monday, September 9th, 2013
Safe deposit boxes are a common bank and credit union offering, yet they’re often misunderstood. Many of us are only familiar with safe deposit boxes based on what we see on television and in the movies, and on that basis we might think their primary use is for storing priceless jewelry or stacks of cash.
In truth, safe deposit boxes may be useful for everyone who has something important that they want to keep secure. This might include jewelry and financial documents, but it might also include irreplaceable personal items.
Here are answers to some of the most common questions... Questions To Ask Before You Switch Banks
Whether you’re moving to a new neighborhood or city, you’re tired of your bank’s policies or fee schedules, or you’re just looking for additional account benefits, sometimes it makes sense to switch banks. But it can take a bit of time and effort to make the switch (particularly if you’re using your current bank’s online bill pay service), so it’s important to make sure you’re making the right decision for you and your money.
It’s also essential to make sure that you’re basing your decision on solid financial reasoning before you go through that time and effort.
Ask...
Tuesday, August 27th, 2013
Whether you’re moving to a new neighborhood or city, you’re tired of your bank’s policies or fee schedules, or you’re just looking for additional account benefits, sometimes it makes sense to switch banks. But it can take a bit of time and effort to make the switch (particularly if you’re using your current bank’s online bill pay service), so it’s important to make sure you’re making the right decision for you and your money.
It’s also essential to make sure that you’re basing your decision on solid financial reasoning before you go through that time and effort.
Ask... How to Save Money for a Wedding
A wedding is an exciting time. It’s a milestone that marks the beginning of the rest of your life together. But if you’re not careful, it’s also something that can cost many thousands of dollars. And it’s surprisingly easy for the costs of a wedding to ultimately climb into the tens of thousands of dollars.
As you’re starting out your life together the last thing you want to do is start it with debt, so it’s highly advisable to save all the money that you’ll need to cover your wedding costs. Before you say “I do,” create a plan to...
Sunday, August 4th, 2013
A wedding is an exciting time. It’s a milestone that marks the beginning of the rest of your life together. But if you’re not careful, it’s also something that can cost many thousands of dollars. And it’s surprisingly easy for the costs of a wedding to ultimately climb into the tens of thousands of dollars.
As you’re starting out your life together the last thing you want to do is start it with debt, so it’s highly advisable to save all the money that you’ll need to cover your wedding costs. Before you say “I do,” create a plan to... Banking Advice to Survive a Financial Setback
A well thought out plan is a prerequisite for reaching just about any financial goal you may have. Your plan will invariably involve making certain assumptions; both regarding things that are within your control, as well as externalities that you can do little about.
But sometimes the items outside of your control can take a turn for the worse and hit you with a financial setback. In fact, everyone is likely to paint counter these hurdles and stumbling blocks from time to time. The key is to work through them and to minimize the long-term financial damage.
Here is some...
Tuesday, June 25th, 2013
A well thought out plan is a prerequisite for reaching just about any financial goal you may have. Your plan will invariably involve making certain assumptions; both regarding things that are within your control, as well as externalities that you can do little about.
But sometimes the items outside of your control can take a turn for the worse and hit you with a financial setback. In fact, everyone is likely to paint counter these hurdles and stumbling blocks from time to time. The key is to work through them and to minimize the long-term financial damage.
Here is some... How to Find the Best CD Rates
When it comes to investing, Certificates of Deposit (or “CDs” for short) are among the best products for beginners. They are FDIC insured, which means that unlike stocks and bonds your principal investment is insured against loss. And in exchange for agreeing to keep your money on deposit for a term of a few months or years, the bank offers a higher interest rate than your standard savings account. Unfortunately CD rates are fairly low now, however they often pay more than the meager rates that are paid for savings accounts.
CDs are easy to understand and set up....
Thursday, June 20th, 2013
When it comes to investing, Certificates of Deposit (or “CDs” for short) are among the best products for beginners. They are FDIC insured, which means that unlike stocks and bonds your principal investment is insured against loss. And in exchange for agreeing to keep your money on deposit for a term of a few months or years, the bank offers a higher interest rate than your standard savings account. Unfortunately CD rates are fairly low now, however they often pay more than the meager rates that are paid for savings accounts.
CDs are easy to understand and set up.... Does Your Budget Need a Little Summer Cleaning?
With the arrival of summer, many households will turn to their yearly custom of giving their home a top to bottom cleaning. This summer cleaning tradition is usually something of a chore, but the results are usually appreciated and enjoyed throughout the year. You can extend your summer cleaning tradition to your budget and your personal finances as well.
After all, what’s the essence of summer cleaning? At its core, summer cleaning is about tidying things up, getting rid of unnecessary clutter and making things easier for yourself going forward. These principles make a lot of sense in the personal...
Monday, June 17th, 2013
With the arrival of summer, many households will turn to their yearly custom of giving their home a top to bottom cleaning. This summer cleaning tradition is usually something of a chore, but the results are usually appreciated and enjoyed throughout the year. You can extend your summer cleaning tradition to your budget and your personal finances as well.
After all, what’s the essence of summer cleaning? At its core, summer cleaning is about tidying things up, getting rid of unnecessary clutter and making things easier for yourself going forward. These principles make a lot of sense in the personal... Banking Advice for New Parents to Consider
The pending birth of a new child, particularly if it’s the first for a couple, is unquestionably a life altering event. Being a parent requires a person to take a significantly different view of the world, given the responsibilities that they have to their new child.
Parenting also requires a couple to reassess their financial position and priorities. Make no mistake about it – raising a child is an expensive endeavor, complete with an entirely new set of financial challenges. And new parents will certainly find no shortage of advice and guidance on what you might expect when it comes...
Monday, June 3rd, 2013
The pending birth of a new child, particularly if it’s the first for a couple, is unquestionably a life altering event. Being a parent requires a person to take a significantly different view of the world, given the responsibilities that they have to their new child.
Parenting also requires a couple to reassess their financial position and priorities. Make no mistake about it – raising a child is an expensive endeavor, complete with an entirely new set of financial challenges. And new parents will certainly find no shortage of advice and guidance on what you might expect when it comes... When Should You Tap Into Your Emergency Savings Account?
If you’re following sound financial advice then you’ve built up a good-sized emergency savings account. And you’ve resisted the temptation to use this fund for splurges like a vacation or a new car. But you may have asked yourself when exactly it makes financial sense to go ahead and tap into that emergency savings account.
In general, you should be comfortable using your emergency savings for expenses that fall outside of a well considered budget plan. Even the best planned budgets can be hit with something unexpected.
Here are some examples of situations in which it would likely make sense...
Tuesday, May 28th, 2013
If you’re following sound financial advice then you’ve built up a good-sized emergency savings account. And you’ve resisted the temptation to use this fund for splurges like a vacation or a new car. But you may have asked yourself when exactly it makes financial sense to go ahead and tap into that emergency savings account.
In general, you should be comfortable using your emergency savings for expenses that fall outside of a well considered budget plan. Even the best planned budgets can be hit with something unexpected.
Here are some examples of situations in which it would likely make sense... How to Choose a New Bank When Moving
Moving to a new home or apartment can be an exciting development in one’s life. Of course, along with all the planning one has to do for the move itself, consumers also have to do the other things that are necessary to set up a new household; things like opening new utilities accounts in their name, getting new cable television service and the like.
Most consumers will probably also need to find a new local bank to do their banking at. Even if they are moving to a small town, they are likely to have multiple options available to them.
Here’s...
Thursday, May 16th, 2013
Moving to a new home or apartment can be an exciting development in one’s life. Of course, along with all the planning one has to do for the move itself, consumers also have to do the other things that are necessary to set up a new household; things like opening new utilities accounts in their name, getting new cable television service and the like.
Most consumers will probably also need to find a new local bank to do their banking at. Even if they are moving to a small town, they are likely to have multiple options available to them.
Here’s... 5 Best Places to Park Cash
Investing your long-term savings and retirement accounts will generally be the best way to maximize the value of those accounts over time. But you’ll always need to have a portion of your savings in a form that you can quickly spend, such as your emergency fund for example.
But having highly liquid accounts doesn’t necessarily mean cash, or at least not literally. After all, while you may want to keep a small supply of physical cash on hand, you certainly don’t want to keep tens of thousands of dollars from your emergency fund in cash in an envelope under your...
Friday, May 3rd, 2013
Investing your long-term savings and retirement accounts will generally be the best way to maximize the value of those accounts over time. But you’ll always need to have a portion of your savings in a form that you can quickly spend, such as your emergency fund for example.
But having highly liquid accounts doesn’t necessarily mean cash, or at least not literally. After all, while you may want to keep a small supply of physical cash on hand, you certainly don’t want to keep tens of thousands of dollars from your emergency fund in cash in an envelope under your... 
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