Did you know your savings account has a limit on the amount of withdrawals you can make in a statement cycle (usually 4 weeks)? This often hidden fact can be a surprise to some when they reach their 7th withdrawal in a month and get dinged with a $10 fee and a tisk-tisk e-mail from [...]
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Ally Bank Review
I switched online banks in May and now that I’ve had a couple of months with my new bank, Ally, I feel like I’ve experienced enough to write a well-rounded and informative review. Ally is everything you need out of an online bank. They do everything adequately and there aren’t any huge misses in their [...]
How Much Will No State Income Tax Help LeBron in Miami?
Running a personal finance site doesn’t allow me to write about current events all too often so allow me to hop on the LeBron to Miami train and throw a personal finance twist on it. We’ve heard multiple reasons for LeBron’s final decision to head to Miami – playing with some of his best friends, [...]
The Pros & Cons of Credit Unions
Have you ever read a Yahoo! article about personal finance and looked at the comments? There’s usually one crazy person who swears off everything about banking or investing and claims the world is ending so they’ve strapped their life savings to the floorboards in their kitchen. Banks that are FDIC insured provide security up to [...]
Why You Need an Emergency Fund
What would you do if you lost your job and only had $500 in your checking account and 3 credit cards to pay your bills? What would you do if you broke your arm hiking and couldn’t afford the hospital expenses? These are grave situations that people don’t like to think about, but emergencies happen. [...]
How to Open Multiple Savings Accounts With Ally Bank
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 [...]
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 [...]
ING Broke Up With Me
It felt like a solid 2 year relationship, where the girl one day just decides she can’t have anything to do with you, changes her phone number and blocks you from her Facebook wall. Let me retrace my steps. The Beginning It started on May 4th. I was giving myself a refresher on how to [...]
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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!
