Articles Tagged ‘saving money’
5 Reasons Online Checking Pays Off
Tuesday, October 18th, 2011
For decades the checking account has been the cornerstone of many personal financial plans. Many of us have our paychecks deposited directly into our checking accounts, and we use our accounts to pay our bills, move money into our savings accounts and fund our IRAs or other retirement plans.
In recent years, a new checking account option – online checking – has matured to the point where it can be a viable alternative to the traditional way of accessing our checking accounts. Online checking accounts are offered by most local banks, as well as by a number of online-only banks....
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Tags: Banking Advice, Checking, Online Banking, saving money
Posted in Checking | No Comments »
Tips for Making the Most of Your Checking Account
Thursday, September 29th, 2011
Your checking account is more than a place to store your money. With all of the different accounts and options in today’s banking world, most people give little thought to their checking accounts. With paper checks becoming practically obsolete, they’re just a place to hold our money until we withdraw it from the ATM or spend it with our debit cards. Right?
Not really. While a checking account’s primary function is to store money until it’s needed, it can do so much more if you know how to use it.
Here is some advice and tips to help you get...
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Tags: Banking Advice, Checking, saving money
Posted in Checking | No Comments »
How to Find High Yield Bank Certificates of Deposit
Monday, September 26th, 2011
Just a few years ago, it was relatively easy to find a five-year CD that would pay a healthy 4 to 5% interest rate. The savings landscape is much different today, as those long-term CDs are now likely to have interest rates around 2%, and even a one year CD is not likely to break the 1% interest rate level.
Even with these lower rates, there are many people who still want the security of insured CDs for their savings. This particularly true for individuals who want to reduce their exposure to the sometimes violent swings that we’ve seen in...
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Tags: Banking Advice, CD, saving money
Posted in Savings | No Comments »
How to Compare Checking Accounts and Find the Best One for You
Tuesday, September 13th, 2011
Did you know that the checking account dates all the way back to the early 1500s? It has come a long way since then, but it’s still based on the same idea: the bank holds the depositor’s money and distributes it on demand.
Today’s banks are much more complex than they were back then, and so are checking accounts. They come with various features and fees, and are often combined with other types of accounts. A single bank may offer numerous types of checking accounts, and some individual banks offer features that can’t be found elsewhere.
All of these options are...
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Tags: Banking Advice, banking fees, checking account, saving money
Posted in Checking | No Comments »
Save an Extra $50 a Week Into Your Banking Account
Tuesday, September 6th, 2011
Wouldn't it be a great feeling to know that you're moving ahead financially? Even an additional $100 a month in savings would help most families.
Saving money is one of those things that is easier said than done. To find extra money for saving, dig deep into your money management and spending habits.
Here is some banking advice to consider for finding an extra $50 a week to save. After all, if you do, you'll end up with an extra $200 per month. In just 6 months, you'll have saved $1,200.
Think about the money that you spend each week on...Read More »
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Tags: Banking Advice, saving money, Savings
Posted in Savings | No Comments »
How Does the Current Economic Crisis Affect Your Money Market Account?
Monday, August 29th, 2011
The current economic crisis is one of the worst in history. While recent recessions didn’t have a major effect on the average person, this crisis has touched just about everyone. Banks have failed, jobs have been cut, homes have been lost, retirement funds have been decimated, and it has become more difficult to borrow money.
There have even been questions about the reliability of treasury bonds, and that was previously unheard of. So what’s next – could the savings in your money market account be at risk? All in all, money market accounts are very safe places to keep your...
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Tags: Banking Advice, money market account, saving money
Posted in Savings | 3 Comments »
How Does Checking Overdraft Protection Work?
Friday, August 19th, 2011
Bouncing a check doesn’t make you a bad person. It usually occurs as a result of a miscalculation or a scheduled deposit being credited later than anticipated. And with the use of debit cards, we are even more prone to such mistakes due to poor recordkeeping.
Most banks offer overdraft protection these days. This service can save you money in overdraft fees and save you the embarrassment and fees associated with having a check bounce or having a debit card transaction denied. But in order to get the most out of overdraft protection, it’s important to understand what it is,...
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Tags: Banking Advice, overdraft protection, saving money
Posted in Checking | No Comments »
Creating a Budget You Can Stick To
Monday, August 15th, 2011
Creating a budget isn’t rocket science. Once you get started, you’ll find that it’s really pretty easy. You don’t even have to be a math whiz – that’s what calculators are for.
But sticking to your budget is often an entirely different matter. Some people find that simply creating a budget and seeing how much money they can save is incentive enough to stay with it. Others find themselves faltering after a few months, or worse, not even getting off the ground with it.
Here is some budgeting advice that you need to consider help keep yourself on track.
Be realistic....Read More »
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Tags: Banking Advice, budgeting advice, saving money
Posted in Budgeting | No Comments »
How a Budget Can Help You Save Money
Tuesday, August 2nd, 2011
Some of us are frugal by nature. Others go through money like they have holes in their pockets. But no matter which end of the spectrum you’re on (or if you’re somewhere in the middle), you can benefit from creating a household budget.
Budgeting is one of the best ways for anyone to save money. It gives them a realistic picture of their financial situation, and that’s the first step toward getting a handle on your money.
Here is some money saving advice and some of the specific benefits of having an accurate and detailed budget.
You know exactly how much...Read More »
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Tags: Banking Advice, Budgeting, saving money, Savings
Posted in Budgeting | No Comments »
Finding the Best Online Savings Account
Thursday, July 28th, 2011
Gone are the days when you had to make a trip to the bank to open a savings account. Now there are lots of online banks to choose from, and you can open an account with them from the comfort of your own home. Since they do business exclusively online and have no branch locations, they have low overhead and can offer very competitive interest rates and low fees.
That’s not to say that there are no disadvantages. If you go with an online bank, the chances of finding a current customer to talk to about his experiences, and whether...
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Tags: Banking Advice, online savings, saving money
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