It’s been such a long time!!! But I’m back. I’m so excited to share this with you today and I’m so extremely proud of myself.
Yes, you’ve heard that right. I paid off thousands of dollars in debt and paid it off within a year and saved up money for the down payment on a coop apartment. At first I wanted to buy a small house, however after looking at what would benefit me more right now, and what was the right thing for me, I settled on getting an apartment. Don’t worry though, I won’t be settling for too long.
For many years, I’ve dreamt of getting my own property. For many years I’ve tried to get one, however there were times when things did not work out in my favor. I’ve always been looking, hoping and waiting for the time to come when I can call something my own. I thought I was working hard as well to accomplish my dreams, however; it seems like the work I was doing wasn’t helping me get to where I wanted to be.
I'm not sure how many people think about what happens to their money while it's in a bank account. Most people I believe leave their money in a checking account most of which gives you no interest and even savings accounts these days do not offer much.
Ideally, if you have excess amounts of money you don't plan on using for a large purchase or any other short term plans, you want to invest that. But these are some things to take into consideration when your money is just sitting in a bank account.
This is not to be taken as legal, financial, or professional advice. If you do need help seek out the assistance of a trained professional, who is qualified to do so.
So a big part of my plan to saving money this year, was to reduce bank fees. The bank fees were a drainer on my budget, taking $15 from me every month. If you have more than one checking account to help you manage money better, then that could add up. Sure with a minimum balance you can waive that fee, but you might have different plans for your money. Also If your money isn't getting interest why leave it in a checking account. I had a Td bank account solely to make purchases and pay rent. Meaning money went in and came out, and never stayed. I didn't want to keep that minimum because I needed to use that money.
Yea, it wasn't working for me. I had the same issue with Chase and it's not worth it. You don't need to pay bank fees, and honestly you shouldn't even have to worry about it. You shouldn't have to figure out if you're meeting the minimum deposits, making enough transactions, which is something I had to do with most traditional banks. I had so many bank cards and at one point or another I would be charged a fee.
Well I'm here to tell you, if you're tired of bank fees, you don't have to pay them anymore. Most people don't even go to the bank. I didn't except for once a month. And if you do, you don't need to. Everything can be done online and it's much easier and faster.
Here are some great bank cards to get with no bank fees.