Tag: banks

The Accidental Bank Deposit (What Would You Have Done?)

Last week, I walked out of the grocery store to my car with a bag of groceries in one hand and my phone, wallet and a pack of gum in the other. As soon as I saw the gum, I thought, “shoot, I didn’t pay for this!” I was immediately struck with guilt and knew …

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Top 5 Reasons to Open Your Next Bank Account Online

In 2003, I first heard about online banks and how they were offering so much better interest than all the brick-n-mortar banks. At the time, I felt extremely uncertain about investing my hard earned money in a bank that I couldn’t see and touch if I wanted to get my money out. Fast forward 13 …

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How Does a Bank Work?

We use banks almost every day of our lives – yet we rarely (if ever) think about how they operate. I thought it would be fun to take a brief, “banking 101” view of how the banking system works. Types of banks When I was younger, my father took me into a bank near our …

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Reducing Risks to Your Family’s Finances

I work in the IT industry as a virtualization engineer, and 90% of my job is about reducing risk, eliminate single points of failure and implementing redundancy. Everyday a number of situations arise in my regular job that make me think of how my requirements can apply to personal finances. Recently, when Cyprus depositors lost …

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How to Shop Around for Your Bank Account

Earlier this year I wrote about how to stop living paycheck to paycheck with passive income┬ástreams and the importance of having your family assets diversified in more than one bank. Well I happy to report back that I’m actively taking my own advice. About a month ago we opened up a second bank account to …

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