If you are asking yourself,” how many bank accounts should I have?” I can almost guarantee you that you have way too many. While this may seem like a minor and benign issue let me assure you that it is not. In my experience I’ve noticed an almost linear relationship between people with too many […]
Banking Related Posts
After taxes and inflation, we usually lose money by keeping money in the bank. But that doesn’t mean we should ignore savings, checking and CDs. Everyone needs liquidity. Some banking products can help you. But others must be avoided like the plague. This category contains a number of posts to help you determine which is which.
On top of that, you can use your bank statements to better understand how you are managing your financial life. You’ll also find some important posts to help you make the most of that information in this section.
You may think that reading a check has got to be about the most boring exercise you could think of. If so I’d have to agree with you. Just the same, there is a lot of information on your checks, so learning how to read the numbers on a check is a smart move. This […]
If you are sitting on a significant amount of cash, you might be wondering what to do with savings now. Interest rates are so low that it’s easy to get complacent and not put much thought into the issue. Here’s an e-mail I received from an interested reader, “N”: I have $20,000 in savings and […]