Recent controversies over new bank and debit card fees have many people wondering whether it’s time to move their accounts to a new bank. Many consumers have also begun to consider the possibility of joining a local credit union to conduct their banking business.
Another option, and one which isn’t getting quite the same amount of press coverage, is to use an Internet only bank. Internet only banks are different from your local banks in that most do not have any physical locations whatsoever. Deposits are handled either through electronic transfer, or by sending deposits in via the mail. Withdrawals... Articles Tagged ‘saving money’
Why You Should Consider an Internet Bank Account
Recent controversies over new bank and debit card fees have many people wondering whether it’s time to move their accounts to a new bank. Many consumers have also begun to consider the possibility of joining a local credit union to conduct their banking business.
Another option, and one which isn’t getting quite the same amount of press coverage, is to use an Internet only bank. Internet only banks are different from your local banks in that most do not have any physical locations whatsoever. Deposits are handled either through electronic transfer, or by sending deposits in via the mail. Withdrawals...
Tuesday, November 22nd, 2011
Recent controversies over new bank and debit card fees have many people wondering whether it’s time to move their accounts to a new bank. Many consumers have also begun to consider the possibility of joining a local credit union to conduct their banking business.
Another option, and one which isn’t getting quite the same amount of press coverage, is to use an Internet only bank. Internet only banks are different from your local banks in that most do not have any physical locations whatsoever. Deposits are handled either through electronic transfer, or by sending deposits in via the mail. Withdrawals... Can You Afford to Save for Your Child’s College Education?
If you have children, you probably want them to go to college one day so that they can get a good education and prepare for the profession of their choice. But college isn’t cheap, so unless you’re independently wealthy you can’t count on having the money sitting around to send them to college when the time comes. What’s a good parent to do?
Ask a financial advisor if you can afford to save to college, and he will probably tell you that you can’t afford not to. But if you’re scraping just to get by, it’s not necessarily that cut...
Wednesday, November 16th, 2011
If you have children, you probably want them to go to college one day so that they can get a good education and prepare for the profession of their choice. But college isn’t cheap, so unless you’re independently wealthy you can’t count on having the money sitting around to send them to college when the time comes. What’s a good parent to do?
Ask a financial advisor if you can afford to save to college, and he will probably tell you that you can’t afford not to. But if you’re scraping just to get by, it’s not necessarily that cut... 5 Budgeting Tools You Can’t Live Without
Let’s face it – budgeting can be a real chore. But if you want total control over your finances, it’s an absolute must. Without a budget, it’s next to impossible to keep track of where your money is going, find ways to cut back, save up for future needs or even make sure you’ll have enough money to pay your bills each month.
You don’t have to be a financial guru or even good at math to budget successfully. There are plenty of tools available online and off that will help you create a budget tailored to your income, expenses...
Tuesday, November 8th, 2011
Let’s face it – budgeting can be a real chore. But if you want total control over your finances, it’s an absolute must. Without a budget, it’s next to impossible to keep track of where your money is going, find ways to cut back, save up for future needs or even make sure you’ll have enough money to pay your bills each month.
You don’t have to be a financial guru or even good at math to budget successfully. There are plenty of tools available online and off that will help you create a budget tailored to your income, expenses... How to Switch Your Bank and Checking Account
Setting up your first checking account is a simple process. You simply fill out a form, deposit some money and wait for your checks and debit card to arrive. But you’ll most likely switch banks at some point in your life, and that’s where things can get complicated.
When you switch checking accounts, it’s important to take the right steps to ensure that the transition is smooth. A mistake could leave you with overdraft charges, missed direct deposits and a number of other unnecessary headaches.
Here’s some information and advice to guide you through switching bank accounts with as little drama...
Wednesday, October 26th, 2011
Setting up your first checking account is a simple process. You simply fill out a form, deposit some money and wait for your checks and debit card to arrive. But you’ll most likely switch banks at some point in your life, and that’s where things can get complicated.
When you switch checking accounts, it’s important to take the right steps to ensure that the transition is smooth. A mistake could leave you with overdraft charges, missed direct deposits and a number of other unnecessary headaches.
Here’s some information and advice to guide you through switching bank accounts with as little drama... 5 Simple Budgeting Tips
Coming up with a budget can be a challenge for just about any household. Preparing a budget requires you to make assumptions about your future income and future expenses, and to get those numbers into some type of balance. As an added challenge, it’s usually necessary to include some extra room into your budget for unexpected expenses.
Since you’ll certainly encounter unexpected expenses at some point, it’s important to incorporate a financial buffer to account for those types of expenses. Traditional financial advice can get you most of the way there, but you might need to use some additional...
Tuesday, October 25th, 2011
Coming up with a budget can be a challenge for just about any household. Preparing a budget requires you to make assumptions about your future income and future expenses, and to get those numbers into some type of balance. As an added challenge, it’s usually necessary to include some extra room into your budget for unexpected expenses.
Since you’ll certainly encounter unexpected expenses at some point, it’s important to incorporate a financial buffer to account for those types of expenses. Traditional financial advice can get you most of the way there, but you might need to use some additional... 5 Reasons Online Checking Pays Off
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....
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.... Tips for Making the Most of Your Checking Account
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...
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... How to Find High Yield Bank Certificates of Deposit
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...
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... How to Compare Checking Accounts and Find the Best One for You
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...
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... 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. Just by taking a few simple steps can result in large savings over time.
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,...
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