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Tagged With "checking account"

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Jemal umer

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Sk Raj

Sk Raj
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Re: Hello new members!

Nicole ·
Hi Nathan, Do you have any suggestions of apps or tools? So far, I keep accountable to my family & bank account. My situation is a little different.....I used to work in the financial industry actually. I'm a SAHM because I have a son with medical needs. Like most parents, I will spend any money it takes for my son to be healthy & happy. So our lives detour but we were still able to get lots of trips in last year as well as the unexpected 3 weeks hospital stay without incurring any...
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Re: What are some really effective ways to boost a credit score?

Deven ·
If you can afford to, all at once ! It stops the bleeding immediately. By bleeding, I mean all the interest that's tacked on each month. If you can't do it all at once, definitely cut off the highest interest one first, by paying the minimum payment required on the lower interest rates and throwing the excess on the highest interest one. Once you've reached zero balance on a card, just leave it at $0. You don't need to use it and you definitely shouldn't close it because closing that account...
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Re: Giving up cable -- what's the best replacement option?

Khiemosabi ·
I cut cable out about 5 - 6 years ago and never looked back. My favorite service is Netflix and with its current run of original content, it provides a ton of entertainment for roughly $11 a month. In addition, I share a spotify account with my girlfriend and because she's a student, we get access to Hulu. That is $5 a month. Lastly, I rounded my it all out with amazon prime video, which is $119 a year or $10 a month. My total entertainment cost is $26 a month which is far below any cable...
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Re: What are some really effective ways to boost a credit score?

Drumtrip ·
@Briana It is a balance, you want to keep your credit utilization low, you don't want to have too much credit, and you don't want to have too little If you have too much then closing an account is fine, just don't close the oldest one, that is actually a factor in calculating your score (at least in the older models). I suggest using something like creditwise from Capital One, its free, you don't have to have an account with them and it gives you tips!
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Re: Budgeting for 2019!

Nicole ·
We live on a strict budget but do use the credit cards for everything to get the cash back bonus each December. I have had to create a new budget column (Last August) for hospital parking for when we can't get the free parking on the street. I make a grocery list each month to do our big monthly shop & stick to the dollar amount, there are no extras, milk & produce is bought weekly after that with the remainder. The credit card is paid off in full each month. With the credit cards...
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Re: High-interest savings accounts

Moore Income ·
Thanks for sharing this one. I am always on the lookout for out for high interest savings accounts. The space is getting pretty competitive so I think we will be seeing higher and higher interest accounts in the near future. I am excited about Robinhood as they just announced they will soon be launching a 3% savings account which I will most definitely be taking advantage of once it launches.
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Re: High-interest savings accounts

Adam ·
I recently opened a savings account with Ally. It had the highest APY that I saw at the time. It's been good so far. They allow for plenty of transfers per statement and partner with Zelle for immediate transfers. That being said, hearing about 2.4% and 3% APY is changing my mind lol
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Re: Hello new members!

Nathan Taylor ·
Re: Hello new members!
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Re: How Do You Do Your Taxes? Yourself or Someone Else?

Lisa Eichinger ·
Sorry. @Moore income: turbo tax and H&R block are still good places to do taxes on your own cause they will walk you through everything online. It will generally be up to you if you want to pay to get them done and how much you are willing to pay. Credit Karma also offers free tax filing if you have an account with them. Even with the changes in your life in the past year, it won't make things too difficult in the tax aspect if you decide to do them online by yourself.
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Re: High-interest savings accounts

AverageJoe ·
Ally used to carry the payments on our Nissan Sentra before my wife was rear ended and nearly killed back in December of 2015. We dealt with them for 2 1/2 years, and they were very easy to deal with. We've considered putting our money in the "high" interest savings accounts, but, like you, haven't quite pulled that trigger yet. We've got a friend who is making more by putting his money into back taxes on small properties. He's getting on average of 6-8% a year on his money compared to...
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Re: Cutting the Cable Cord - how to save $ and cobble together the right streaming services

Savvy Susie ·
Netflix allows up to 5 users on one account. Consider sharing the account (and the cost). Pretty much the same with Amazon Prime. Plus free streaming TV--Pluto TV comes to the top of my mind--is totally free and provides some interesting content. You can also watch a tremendous amount of content on YouTube's streaming app. At Christmas I was surprised to find that my favorite holiday movie (Scrooge, 1970, starring Albert Finney) is available on many streaming services for a fee, but free all...
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Re: Online checking account for business - recommendations?

Moore Income ·
Hmm... That's a great question. Currently I know about a lot of personal online checking accounts but I haven't really looked into business accounts. It is definitely something I should be doing though as I do plan on launching a side hustle soon. I will keep my eye out and let you know what I find.
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Re: Savings Account Apps?

Former Member ·
I have been using The Ally banking/savings app for a few months and have been quite happy. I have a checking and a savings account. The savings account currently earns 2.2% and has gone up twice since opening the account. I use the checking account to save for known upcoming expenses and the savings I am using for emergency fund. Also, there are no fees.
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Re: High-interest savings accounts

Adam ·
Since this post, my Ally account shot up to 2.2%! I'm also seeing some bigger banks upping their game. Discover now has 2.10% APY savings account, which ain't too bad.
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Re: High-interest savings accounts

Vanessa ·
How are you getting 2.4% at Ally? Mine's only 2.2% right now.
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Re: High-interest savings accounts

Adam ·
No, you're right! That was a typo on my end. Ally upped their rates to 2.2%. I'll edit my other post
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Re: Hello new members!

BeckAtsila ·
I'm disabled, too, and I've found mystery shopping to be an excellent source of income. I also write and proofread. I don't know about your SSDI status, but you might want to look into an ABLE account so you don't get penalized for saving money.
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Re: Buying your first home? Here's what you should know.

BeckAtsila ·
The government has a program called ABLE Accounts for people on Social Security Disability. Basically, if you meet certain criteria, you can put your money in an ABLE account and it won't be counted against your resource limit. The downside is if you die with any money in the account, the State gets the money. It also has limits on what you can spend it on. But it's better than nothing and may actually help some of us get off the dole.
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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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Re: Savings Account Apps?

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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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: Can Budgeting Come with Baggage?

FreebiePharm ·
My biggest setback with budgeting is consistency. I feel I would start it but not continue. I am halfway there on budgeting. I write down my expenses bi-weekly but do not account for "small" purchases. This would be my goal as well as an envelope system.
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Re: Nickel Hoarding

Moore Income ·
@Caitlin Constantine I actually go to the bank and withdraw money from my checking account in nickels for the purpose of hoarding. Because generally the money in my checking account is for spending, it is a way for me to save money that would otherwise be spent. I usually just get $10 in rolls of nickels when I go to the bank. I used to get $20 but then they started telling me that when anyone orders $20 or more in nickels, they charge $2.50. (Makes no sense to me why they charge money to...
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Re: Who taught you your most important money lesson and what was it?

Bonnie Squires ·
Once I get my tax return I putting a good amount of money in the bank. Once I get a bill from my old place paid off than that will go into the bank account it wont be much only $10 a week but that an extra $40 a month in the bank.
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Re: Nickel Hoarding

Nicole ·
In Canada, pennies were retired in 2012. So I have joked on the Penny Hoarder FB site that I'm a Nickel Hoarder as we don't have pennies anymore. Currently I save my change for school needs (a few pizza days, snacks at school movie night, field trips), the tooth fairy & any last minute money needs. If I am going to the bank & have an excess amount of change, I will deposit it to our chequing account to put back into the cashflow. Any change I find in my travels goes into a vacation fund.
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Re: How to build your credibility through recognition

Bonnie Squires ·
Deon Christie I do have a clickbank account but made it years ago. I don't think I ever really got the hang of affiliate marketing or my be i just don't no how to promote them rite. i've a free website which has allot of different things on it from family to helping people with links and different things. https:// bonnie67.wordpress.com to the person who was helping me with his was just using me. my have to copy paste the website My other site i had for a year and only think i have 1 page...
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Re: How to build your credibility through recognition

Deon Christie ·
Hi Bonnie, A free blog is always a great option on a tight budget. But if you want to actually rank any blog or website a dedicated owned domain is crucial. Like with your second website, the layout of which I admire. Really great design Bonnie, well done! However, I do see one necessity you may want to look into. Your site "bonniestuff" does not have the https protocol enabled. Which can easily be done by contacting your hosting provider. And ask them to register an SSL certificate for the...
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Re: What do you do when you have a surprise expense?

Moore Income ·
My tendency has been to just put it on a credit card, however I don't think this is the most financially sound thing to do. Thankfully there haven't been too many "surprises" recently but it is something I believe we should all take into account. There is a bill coming up that we thought was supposed to be covered by insurance but might not be. If it ends up not being, that will set us back a bit. It might make us not be able to pay off our debt quite as fast as we hoped, but we are...
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Re: What do you do when you have a surprise expense?

KellyFromKeene ·
I pull it from one of my savings accounts, and I keep an account just for unexpected things like this. This week I have had 2 medical expenses, completely unplanned, totaling about $800. It hurts to take that chunk out of my savings, but I have to remind myself that's what it's there for.
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Re: What do you do when you have a surprise expense?

Deon Christie ·
Unexpected expense requires planning upfront, something like a linked account to your primary bank account for instance. Money in a linked account cannot be accessed by using your bank card, because you have to transfer money from said linked account. Not all financial service providers may offer the option, but I'm glad that mine do. Every month, just put a few bucks (as much as you can afford) into said linked account. And forget about it, because that is your safety net. So when you do...
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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: What has been your money epiphany?

Moore Income ·
The moment I recognized the need to save money was when I finally took the time to take a close look at where I was financially. Before, I had avoided looking deeper at my finances than just checking the balance of my checking account. More than just saving money, this really woke me up to the fact of how little I knew about managing my money. This caused me to start saving, investing and working on a plan to eliminate debt. It also sent me on a journey of searching for knowledge about how...
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Re: What has been your money epiphany?

Deon Christie ·
I have to be honest and say during my late 30's. Been a bit of a wild one before that, and never gave the "rainy day" much thought. Especially going through the DJ stage after finishing my diploma as an Electrician. A method that works quite well for me is a linked bank account to stash a little something with each payday. And of-course my Payoneer account linked with Bank of America. The profit I generate on the internet then goes into this account. That's two methods I use to have a little...
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Re: What has been your money epiphany?

Former Member ·
Hey there, I can kind of relate to your story. Piles of debt mounted and then I realized, oh ****, something needs to be done about it. All the best for this beautiful journey!! -Sid
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Re: What has been your money epiphany?

Former Member ·
Excellent! Forced savings is number 2 on my "Road to financial freedom journey" list. I find apps such as Stash and Acorns to be extremely useful. Oh and by the way, what kind of music did you play as a DJ?? Best, -Sid
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Re: What do you do when you have a surprise expense?

ERoberts ·
I don't have a credit card, so I am limited to pulling from my savings account. While I admit that it IS a visual nightmare seeing your balance drop when your car needs new tires or a cooking accident lands you in the ER for some stitches, I prefer being able to see everything I have to the ominous looming of an unpaid cc balance that might end up costing me more money in the long run. To combat these unexpected expenses, I go on a "lifestyle diet" for the remainder of the month; no more...
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Re: Hello new members!

ERoberts ·
Hey there! I'm Emily, an advertising account manager here at The Penny Hoarder. My big financial goals this year are to rack up my savings and get over my fear of increasing risk in my 401K portfolio. Hoping to learn more penny saving tips and tricks here, and maybe even share some of my own!
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Re: Does anyone have creative ideas for teaching their kids about budgeting?

Lyndsey ·
When my kids were between 5 -8 I had a pretend checking account for each child. Made checks for them. They deposited their allowance and gift money . When they wanted to buy something, they had to write me a check. No money, no buy! Today, years later, my sons each have their own homes, and are extremely successful!
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Re: Grocery shopping for lower prices

ERoberts ·
Hey there, @Isabel! I used to drive all around town for groceries too and often think to myself if the lower prices were worth the time, energy, and gas I was expending. I now live about 300ft from a publix which made my previous habits seem a little ridiculous. I only shop at Publix now, and I only buy things that are on sale. I have a Publix account online (free) and it gives you early access to the sales that will run from the next Thurs-Wed. This helps me plan and save! I spend about $30...
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Re: What do you do when you have a surprise expense?

Kirsten Cherry ·
We had some car troubles on both of our cars the last few months. It has cost us around $1200 to get it all fixed and we didn't have to dig into our savings. We decided to pay what we could with our debit card, then put the rest on our credit card and pay off the credit card when we get our next paychecks. It worked out perfect! We used to do something similar with money from our savings. We would transfer it to our checking account to pay a bill, then put it back once we got paid. We hated...
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Re: Payday loans - essential or evil?

AnnieB ·
Payday loans prey on the poor and minority population. They are evil. Source: I used to work for one. Quit the job because I could no longer live with myself. We were taught to battle objections for paying back the loan. We had an entire BINDER on collections practices. I have seen employees take checks to the bank to convert the check to a cashier's check when clients did not come in to pay the loan. I have seen employees who would ask the questions of bank tellers, "Is this check good? If...
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Re: Get Paid to Open Bank Account

Deon Christie ·
I'm not familiar with the area @Wen Dee . I'm in South Africa. But I do know that Payoneer will give you $25 on your first deposit of $100 or more. And your debit card get delivered at your door. Service fees for an account is $3 per month. Just let me know if you need more info. Hope this helps.
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Re: Get Paid to Open Bank Account

Moore Income ·
@Wen Dee I also cannot say specifically for your area but I did find this website post that might help answer your question. I cannot personally vouch for any of the info but they seem to have some good insight. I personally have been frustrated after signing up for a local bank here in Fargo, ND. They offered a promotion but then made the "details" obscure and not very clear. We ended up not getting anything at all and they had some sort of reason (excuse) for why we did not qualify. I...
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Re: Budgeting Apps?

Moore Income ·
It is not quite for a budget, but as a way to keep track of my money, including credit score, debt, and net worth, I have really enjoyed using a platform called Status. I have also started trying out another one called Haven but they seem to have quite a few issues when it comes to tracking everything. They do offer a decent APY on their savings account though. I have quite a few friends who use Mint an it works great for them. Just depends on what you are looking for I guess.
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Re: Save and make money!

Deon Christie ·
This sounds quite interesting @Mo Brownies . Although I am a little cautious to linking my bank account. I'm assuming this is just in the US?
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Re: Save and make money!

Lele ·
I signed up with this company a few months ago, but it kept unlinking my bank account, so I did not receive the money for the saving I made.
 
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