With all of these options, the only reason to be paying bank fees is not wanting to make the effort of switching accounts.
Search Results for: checking account
Here are some of the steps we took that you can use to give your bank accounts a much needed boost:
I guess it’s no mystery who is responsible for keeping track of where the money goes in my household. As a financial planner, you might call it an occupational hazard, but what frustrates me the most is that I’m not the one that is regularly spending the money. Susan is primarily responsible for clothes, groceries, […]
“What checking account pays 4%?” asked my colleague incredulously. I had just done a practice run through of a workshop on basic money management skills and had mentioned that there were rewards checking accounts that paid interest rates as high as that. No, this
Investing in your retirement account can be quite different from investing in a taxable account. Here are some options to consider when investing in a taxable account: Use it for short term goals. One of the advantages of a taxable account is that you don’t need to worry about any tax penalties on withdrawals. For that […]
Have you ever heard of the “see food” diet? I like to joke that sometimes that’s my diet: I see food and I eat it! The best way for people like me to stick to a plan to eat better is to just not have junk food around, right? Well, I’m also on a “see […]
Modern banking is amazingly convenient. With the improvement of banking apps these days, you can pay bills, send money to friends and even deposit checks without getting up from your couch. However, this convenience can also make it too easy to get to our savings. (Anyone else remember taking your check to the bank to […]
Having total control over cash flow is a critical step toward optimal financial wellness, yet it proves to be more elusive than we’d like. Why is it that cash management seems to be so easy for some people, and yet so hard for others? Is it simply a matter of income—the more I have the […]
Why is it that cash management seems to be so easy for some people, and yet so hard for others? Is it simply a matter of income—the more I have the less difficult it is to manage—or is it something more than that? Having total control over cash flow is a critical step toward optimal financial […]
I recently wrote about how to invest in a Roth IRA and in your employer’s retirement plan. But what about a plain old taxable account? Here are some options to consider: Use it for short term goals. One of the advantages of a taxable account is that you don’t need to worry about any tax […]
I was recently talking to a couple that I initially thought was talking to me about their debate over getting a joint account.
Here are my personal favorites: (for the sake of avoiding repetition, all of these banks charge no maintenance or minimum balance fees)
No one likes seeing their money get ripped by taxes, so take full advantage of the tax-free benefits of the HSA.
Imagine I told you about a special savings account that you could contribute to with money automatically deducted from your paycheck every pay period. Sounds like a great way to save, right? Now imagine that this account earns no interest and has no possibility of any growth or future earnings.
Susan and I have been married for seventeen years, and when we were first married, we decided to pool our financial resources and have one checking account. This made sense since at the time, we shared all of our expenses. In fact, for most of our married life we have maintained a joint checking account, […]
Back-to-school supplies can take a pretty big bite out of your checking account if you’re not careful, but they don’t have to.
I personally think of financial independence as consisting of three different levels:
Putting together a budget is one thing, sticking to it is another.
How to celebrate Super Bowl, Valentine’s Day, and other events without breaking your budget or your heart in this wildly expensive month of February.
The following post is an except from the Financial Finesse Personal Finance FORBES Blog. You can read the original post in its entirety here. https://www.forbes.com/sites/financialfinesse/2020/03/16/are-you-financially-immune-from-the-next-emergency/#dba49981f969