On Thursday we looked at the benefits of opening multiple savings accounts, or sub-savings accounts, and how they can help you separate savings for specific money goals like a vacation, car, tv, or even for funding an emergency fund. Today, I’ll show you how easy it is to 0pen multiple savings accounts by opening a “House [...]
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Benefits of Multiple Savings Accounts
The ability to open multiple savings accounts are one of the benefits of having an account with an online bank. People sometimes refer to them as sub-savings accounts, but they’re actually new savings accounts located under your primary savings account. Opening a multiple accounts allows you to create defined saving goals for things like “new [...]
How to Negotiate Overdraft Fees
My favorite personal finance book is Ramit Sethi’s I Will Teach You To Be Rich. One of the best lessons I took away from the book was the idea that bank overdraft fees are negotiable. In the book Ramit provides a word-by-word script for negotiating with your bank and the script works. This was the [...]
FF TV Episode #4: My Credit Cards
Today I’ll show you the 3 credit cards I use. I hope this can do a couple of things for you: 1) Make you think about what kind of credit cards you want in your life. 2) Learn a little about the importance of a credit card in your credit score (which relates to mortgages, [...]
What’s a Routing Number?
It brings order to the banking world, sits on our checks, and helps us send cash across the country, but what exactly is a routing number? I didn’t know 100% of the answer either, so this post will hopefully help everyone out. A routing transit number (RTN) is a 9 digit number used by American [...]
How to Open an Online Savings Account
Without any sort of money education from your parents or school, it can be difficult to figure out the specifics behind your money. How to open accounts, what accounts to open, and how much to save are just some of the questions that we have to figure out on our own. Today, I’ll show you [...]
Interest Matters: Why Your Money Needs an Online Savings Account
The first purposeful money move I ever made was moving a couple hundred bucks into an online savings account and out of my 0% checking account that my momsigned me up for at the local bank when I was 17. If more than 95% of your money is sitting in a 0% checking account right now, [...]
Foreign Savings Accounts and CDs (Not Just For Those Abroad)
As currencies like the Euro and China’s yuan become more popular, the days of the dollar dominating the world’s financial markets could be a thing of the past. So what does a weakening dollar mean for the 90% of people who read this site who have 100% of their money in dollars? Well, diversification is a [...]
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Hi, my name's Austin Morgan. I teach English in Japan and write about money for twenty-somethings. Feel free to contact me with any questions and I hope you enjoy the site!
