Comments on: Simplifying our banking system

By: A change in perspective | Frugal Living Tips & Money Saving Ideas | Living Well on Less

Sun, 02 Aug 2009 12:05:20 +0000

[…] have access to our savings through my ING checking account just in case we need money immediately. Our low balance doesn’t pose us any threat since […]

By: Jennifer @ Money Saver 101

Jennifer @ Money Saver 101 — Wed, 29 Apr 2009 01:58:12 +0000

My husband and I each had a personal account, and it was quite a headache. We found it best to give ourselves each an allowance for discretionary spending - in cash. Jennifer @ Money Saver 101’s last blog post..Even Sin Suffers in a Recession

By: Kacie

Kacie — Tue, 28 Apr 2009 14:03:29 +0000

I first read this as "baking system." Lol. I need my eyes checked maybe. We do most of our banking with a brick & mortar. We have two checking accounts there and they are linked. The main one is the one Shane has a debit card for, and it's used for bills and a little bit of his discretionary spending. The second one is for me and groceries, gas, clothes, household things, etc. It helps me to keep our discretionary spending on par. If it were all in one big account, I'd be afraid I'd overspend, since that balance would be a bit higher. It works for us for now. Kacie’s last blog post..Credit crunch could keep people in debt longer

By: EastTXmom

EastTXmom — Tue, 28 Apr 2009 13:08:28 +0000

Karen – I’m with you on the brick and mortar thing. Even though my husband’s check has always been direct deposit, there’s something about having that option of having a face to face option. For example, we’ve filled out the paperwork to refinance our home. We could’ve done it (at least most of it) online or over the phone, but there’s something about that ‘personal touch’ when you’re talking about the one thing that takes a big chunk of your money every month.

And regarding the direct deposit, my husband’s company recently stopped handing out checks to those who prefer to ‘receive their money personally’ and giving debit cards instead. I was surprised when he informed me quite a few people didn’t have an account to cash them and we’re fine with this option. I guess it’s just a sign of way things are going since my neice has a debit card that her college issued to her and they load her loans onto it.

Have a great day!