hello dougo13 welcome to the community
Thanks, Kelly, and thanks @irishnanny! Does anyone know, is there a such thing as having too many savings accounts?
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Hi, I’m Hilda Williams. I’m a single mother and I live in Atlanta.
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welcome lismox nice to meet you
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I have saving accounts in 2 different banks- 5 of them total. I know people who do sinking funds in savings accounts that have over 10, so I would guess that as long as you can track them, you can’t have too many!
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Welcome Hilda!
We are glad you are here and look forward to ‘talking’ with you. 
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Hi will checking in to see how your doing with your credit cards hopefully it’s getting better have a nice day
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@irishnanny Still working to pay them down and being careful not to add any additional debt. It’s going to be a frugal year for my wife and me!
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You got this I can tell by the way you post have a great day
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Spread across banks is a good hedge if there are “bail-ins”. What’s a bail-in? It’s when the bank goes broke and the government won’t bail them out like they did in 2008 by infusing liquidity.
The bail-in takes your deposit from you to bolster the bank’s liquidity. Then you’re broke, not the bank. Of course, FDIC insurance will cover losses - but not immediately when you need your money, nor does FDIC insurance apply to credit union accounts.
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very interesting perry thanks for sharing
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Well, a lot of the items I picked up for free or low cost you can’t get anymore. Like, I found a bunch of old comics that I intended to give to a friend who collects them only to find that the resale on them is in the hundreds of dollars! Guess he isn’t getting them then. I guess he can always get the trade paperbacks unless they too are out of print (from doing some research…yes they are). But I’ve also been looking into selling stuff on eBay again after I quit some years ago when I went back to work. I have a lot of stuff now worth thousands of dollars. I can’t keep it forever and though I’ve moved a lot of stuff to a storage locker, I can do away with a lot of stuff to make the storage costs low or nil. I just need more time…
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Hi. I live in and am from Los Angeles, CA. This seems like a fun, easy way to be social. I work as a photographer and actor - neither of which gives me a constant income. Always looking for ways to learn. I’ve gotten good advice from Penny Hoarder.
Here’s a tip: My Capital One 360 Performance Savings account pays 3.40﹪ interest. May be the highest out there
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