Tagged With "Bank Accounts"

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Re: As a child what did you want to be when you got older?

Johnson ·
Thank you @Moore Income and @bonnie squires
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Re: As a child what did you want to be when you got older?

Bonnie Squires ·
@Melinda Longtin thank you for this list. I'll have to check it out. My be I can find some thing there. I'm glad your happy with what your doing.
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Re: Would you leave your partner or spouse if they became disabled?

Shannon H ·
Our age difference is more than 20 years. No, I would not and have not, when I married it was for better or worse. Only way out of this is if he chooses to leave or passes on.
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Re: Would you leave your partner or spouse if they became disabled?

Bonnie Squires ·
@Shannon H so true with us. He tells me I'm not going any where unless you kick me out. lol
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Re: As a child what did you want to be when you got older?

Deon Christie ·
I always wanted to be either a Lawyer or an Electrician @Bonnie Squires . I ended up being an Electrician. I guess my curiosity with energy got the better of me. And the Lawyer in me makes for interesting debate...lol! But I do enjoy designing electrical circuitry I must say.
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Re: High-interest savings accounts

Theodora ·
I've been thinking about Ally (not quite as high of a yield) -- since it's a one stop shop. Hoping to pull the trigger soon. Anyone else have feedback on Ally?
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Re: High-interest savings accounts

Vanessa ·
I've been using Ally for a couple of years and it's been great. I highly recommend it. Fantastic customer service and the website is easy to use.
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Re: High-interest savings accounts

Theodora ·
@Adam Maybe they will step up their game to compete! ;-)
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Re: High-interest savings accounts

Adam ·
I hope so, @Theodora!
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Re: High-interest savings accounts

Theodora ·
@AverageJoe Thank you for sharing your insights! So glad your wife is ok!
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Re: High-interest savings accounts

Former Member ·
I switched to Marcus for my emergency savings and I have been getting emails every few weeks to tell me the interest rate is going up. I started at 1.85% and got up to 2.25% in....maybe three months? I remember the days of a 5% interest rate....sigh!
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Traditonal or non traditional

Mo Brownies ·
Hi Everyone, I am thinking about closing my traditional bank account like TD and Chase. I already have 1 online high yield interest bearing savings account and im thinking about going all in. I no longer want to see an interest of .01 cent every year? or have to keep a minimum in order to avoud fees. What do you guys think?
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Former Member ·
From what I've read, online only banks are safe as long as they are FDIC insured. It's just like how you use the app or website for your regular bank - just without that brick-and-mortar overhead. One thing to remember though: *personal* online security is still up to you. (aka maybe don't use your banking apps when you're on the free coffee shop WiFi.) The bank will take security measures on its end so you can use the app or website safely, but you still need to practice good online habits.
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Theodora ·
@mintjulep For what it's worth, I've heard such great things about Ally from lots of credible sources. I just opened an account with them and the experience has been excellent so far. They offer paper checks as an account feature -- which I couldn't find at any of the other online banks. (I have had to work with a lot of contractors, handymen and landscapers in the past year that still only take checks.)
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Moore Income ·
I just opened an account with Empower and will be putting some money in there shortly. FDIC insured is something you can usually count on. I personally enjoy trying out new things and am usually one of the first to test these new things. There is a always some measure of risk involved but as long as the company is reputable and isn't promoting anything that I would deem to be sketchy, I will usually at least give them a shot. As mentioned above, it really just depends on you and weather you...
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

mintjulep ·
I definitely think it is worth it. I don't put all my eggs in one basket anyway, even when it comes to just a checking account, so why not get as much interest as is available. I'd love your input on the various online banks as you try them @Moore Income! You've listed some others that I've not been aware of. Thank you!
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Former Member ·
@Moore Income how do you strategize what money goes into what account, and how do you stay organized? I recently consolidated some of my cash and closed some extraneous accounts, mostly for simplicity's sake. How do you maximize your 6 checking accounts?
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Moore Income ·
@Former Member Good question. I personally am just testing most of them to see howh they work and such and I usually just start with a set amount. I have moved money between a couple due to a better interest rate but I haven't really added much to the accounts besides the initial deposits. I am starting to add more to My Haven account since they have a 2% interest rate (up to 4% if you refer people) they also allow me to connect all my other accounts to manage my money in one place. So...
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Re: Traditonal or non traditional

Moore Income ·
I personally have been transferring my money to higher yield savings accounts without all the fees. There are so many new services out there that give you much higher interest than local banks. They are going to have to start competing or they are going to fall behind. The fact that they give so little interest and charge fees is not appealing to me at all. I had about $120 in my local savings account and I transferred it to my checking right before Jan. because I wasn't sure if my paycheck...
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Re: Traditonal or non traditional

Mo Brownies ·
I have now considered putting my emergency fund in a online CD account for 2.90 APY. its money i shouldnt be touching and hopefully i dont- but if anything I do have credit card I can use. Ive been thinking about doing the 12 months or 24 months CD. nothing more then 2 year. Doing the calculations - if i put 10k in, thats can be $285 or $588 respectivetly. Not bad for a year or 2 years.
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Re: Best On Line Savings/Money Market Accounts

Moore Income ·
Thanks for sharing such a comprehensive list! I did check on the DCU website and it does actually say there is a $5 minimum. Not that it makes a huge difference but just sharing what I saw. I have also used Aspiration which pays a 1% APY with no minimum or fees. I am also trying out the Haven Money savings account which pays 2% APY and up to 4% if you refer enough people.
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Re: Discover Savings Accounts

Moore Income ·
Thanks for sharing. I am wondering which specific savings account it is that gives you the 3%? I searched Discover Savings Accounts and came across this page https://www.discover.com/onlin...ing/savings-account/ but it only shows an account with 2.10%
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Re: Best On Line Savings/Money Market Accounts

Mo Brownies ·
OMG I JUST FOUND THIS!! https://www.t-mobilemoney.com/en/home.html 4.00% APY under $3000 and the following requirments Have tmobile wireless account deposit $200/month sign up for tmobile perks Now with these stipulations you can max. your money. See the secenarios below. T-Mobile Money states you will make 4.00 APY if you have the fall in line within the 3 listing eligibities above. If you go over the $3,000. this means that the $3,000 will make anywhere between 2.79-4% APY and anything...
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Online checking account for business - recommendations?

Former Member ·
I have an LLC for my freelance writing/editing work, and for a few years I've had a separate checking account for those funds. I recently realized that I don't have enough cash in the account to have the monthly "maintenance" fee waived - so I'm losing $15 a month! I know my freelance business hasn't been super busy these days, but I'd certainly like to hold on to most of the money I've earned, you know? I'd love to hear about your experiences with online-only checking accounts for your side...
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Community Badges to Add to Personal Blogs?

Moore Income ·
I just read the description for the "Think Bank" topic on this forum. Turns out, I have probably been categorizing a few of my posts under this topic that don't quite fit. I was actually wondering if there was a way for us to make recommendations for this forum and it turns out, that is the official reason for the "Think Bank" thread. That being said, here is something I think would be cool. I am a blogger and I know a few others on here are bloggers and I am sure there are more to come. I...
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A Glitch?

Moore Income ·
Hey, I am wondering if anyone else has had this experience here on the forum: Sometimes, when I go to comment on someone's post, I type out my comment and hit "post reply" and then my comment completely disappears. I thought maybe it was because it was sent to moderation but when I checked my pending posts, it was nowhere to be seen. This has happened to me before and I resubmitted twice thinking maybe it was something on my end. After it still didn't work, I just gave up but the next day I...
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Has a multi-level marketing job affected your finances or health negatively?

Briana ·
Opportunity to be featured in a Penny Hoarder article Have you been a part of a multi-level marketing (or direct sales) company either has an employee or as a customer? Then we want to hear your story. We are looking for personally affected sources for an investigation into multi-level-marketing (MLM) companies and scams. Did working at an MLM affect your finances negatively? Has a product sold by an MLM company affected your health? Has a seller made wild claims that turned out to be false,...
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Re: A Glitch?

Briana ·
Thanks for bringing this to our attention! We'll see if it's a glitch on our end =)
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Re: A Glitch?

Moore Income ·
@Briana so I didn't repost my comment and it did get approved later so it did get sent to moderation. But on my end, all that happened is the page reloaded with no message that it was going to moderation. That is why the last time I resent it so many times.
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Re: Community Badges to Add to Personal Blogs?

Bonnie Squires ·
This is a great idea for blogs or my ones you could put on other social media site for people who don't have a blog.
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Re: Community Badges to Add to Personal Blogs?

Deon Christie ·
What an excellent idea @Moore Income . Which got me thinking. While @Briana and The Penny Hoarder are working on that. Perhaps provide us with a logo or image to use in a side bar image widget. And redirect the image to our Penny Hoarder Community profiles? That could work, right? What do you think?
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Re: Has a multi-level marketing job affected your finances or health negatively?

Moore Income ·
I have been involved in several Multi-Level Marketing companies and while I would not go as far as to say they are a "scam" I also have not found them to be that great as far as income opportunities. Many times, they are promoted as a way to earn extra income on the side but I have found that unless you are completely dedicated to the company you are promoting, you will not get very far at all. There are some MLM companies out there that have decent products, but when it comes to the actual...
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Re: Has a multi-level marketing job affected your finances or health negatively?

Bonnie Squires ·
The last thing i did was the oysters that you seen all over face book. Well I found out they are scams. They did have groups that should have been helping you but not so if you asked about things they boot you from the group. They had the people lying to people who paid for things and was still waiting a month for the earls or the charms necklaces that help the pearls. They the pearls was worth $300 or more when they are only worth $6 to $8. Oh even qvc stop selling oyster in the cans. I did...
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Re: Community Badges to Add to Personal Blogs?

Briana ·
Love this!! And yes, no worries - this is exactly what the Think Bank is for =) We're on it and already have a few things in the works. Thank you so much for this!
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Re: Community Badges to Add to Personal Blogs?

Melinda Longtin ·
I would love to have one of these badges to put on my blog! Do they exist yet?
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Re: Community Badges to Add to Personal Blogs?

Briana ·
Not yet - but we're working on them! I'd love to chat a bit more regarding what types of badges you'd like to see.
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Worried about mobile apps for savings and banking; put my mind at ease, please

mintjulep ·
I'm nervous about the solidity of some online-only banks, but there is the carrot of fabulous interest rates. I noticed the app discussed recently at Penny Hoarder, the Empower app, is FDIC insured up to $250,000. I'm interested in getting as much interest as possible on reserve cash, as anyone, but am I being overcautious here? How much confidence should we have in these online-only banks?
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

mintjulep ·
Thank you Lisa! I know some of the on-line banks, like Ally, have been around a while, I'm wondering if there is a way to check out their performance. I assume if they advertise FDIC insured that's a first step.
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

mintjulep ·
Thank you for your input about Ally, Theodora. I really want to make this move!!
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Re: Worried about mobile apps for savings and banking; put my mind at ease, please

Moore Income ·
@mintjulep message me and I can share more details about each one and what the pros and cons are.
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Re: Traditonal or non traditional

AverageJoe ·
I would say to go with a mutual fund or to go to your county court house to see if there are any properties that have back taxes. One can make anywhere from 6-12% on the money they pay in back taxes on someone else's property! We have done this a few times, and it was good. But one always needs to check the property's condition, ability to sell, just in case you end up with the property. More often that not, if you do, it will be of much greater value than what you paid for the back taxes.
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Re: Traditonal or non traditional

AverageJoe ·
As far as savings accounts, you could keep going to the high interest savings accounts. The regular savings accounts are a good tool for kids to start learning the value of money, but for adults, the higher interest rate accounts are the way to go.
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Re: Traditonal or non traditional

Theodora ·
Thanks for this @AverageJoe Would love to learn more about the property/back tax investment option. Any good resources you can recommend to explore this in more detail.
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Re: Traditonal or non traditional

AverageJoe ·
I talked to a local realtor friend of mine. I also spoke to an investor in the town I grew up in while I was visiting there. The thing one needs to remember on these is that you may not get your money back for up to two or three years. But, you still get the interest as well. If the person never pays the back taxes, you get the first right to buy the property, sometimes for the costs of the back taxes alone. It is an involved process...I don't remember if it was Robert Kyosaki (Rich Dad Poor...
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Re: Traditonal or non traditional

Mo Brownies ·
Thank you for the info!
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Re: Traditonal or non traditional

AverageJoe ·
I liked my return on investment on the tax lien certificates, but there was way too much involvement for me at the time, and I didn't have the time. But, many of my friends ended up making a good chunk of change in it, Im thinking of going back to it again.
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Re: Traditonal or non traditional

Lucy ·
@Mo Brownies - I think more and more people are moving away from store front banks to online banking. You make way more in interest and you can deposit checks or do direct deposit just as easily.
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Re: Traditonal or non traditional

Mo Brownies ·
I live in NY - and unforuntately, from my quick research. this isnt possible. they only sell wholesale. Also you have to be a holding company. i think westchester county may allow for the public to buy. But it does seem like alotof involvment.
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Re: Traditonal or non traditional

FreebiePharm ·
Forgot what the topic was after all the discussion...LOL...but definitely pays to go non-traditional these days...
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Re: Traditonal or non traditional

Bonnie Squires ·
i think we have some thing like this in KS. I just don't no how to find the list here. I found out throw that the 1 bedroom house sold for $3000 back taxes. The person who brought it or paid the taxes has the house looking really nice now.
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