Comments on: Rethinking my Bank Accounts http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/ Talking about money, without being boring. Wed, 07 Jan 2009 01:01:30 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Michael Richardson http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/comment-page-1/#comment-47597 Michael Richardson Sat, 22 Mar 2008 02:52:52 +0000 http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/#comment-47597 Q. Can a Credit Card company pull more money than the purchase for a period of time? Ex. I had 80.00 charged to my account for gasoline and when questioned the Amx guy said they always did that. I can't find anything to back this up other than my statement. If true could the companies be making money by holding my money for a period of time. Thanks for any comments. Michael Q. Can a Credit Card company pull more money than the purchase for a period of time?

Ex. I had 80.00 charged to my account for gasoline and when questioned the Amx guy said they always did that.

I can’t find anything to back this up other than my statement. If true could the companies be making money by holding my money for a period of time. Thanks for any comments.
Michael

]]> By: budgets are sexy http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/comment-page-1/#comment-45232 budgets are sexy Fri, 22 Feb 2008 13:20:36 +0000 http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/#comment-45232 OMG i cannot stop laughing at how awesomely cool those charts are! hahah.... I don't know what it is about them, but they make me want to read (which is tough w/ A.D.D. & the web as you know). Congrats on saving the $60 though, and here's to saving more in the future! OMG i cannot stop laughing at how awesomely cool those charts are! hahah…. I don’t know what it is about them, but they make me want to read (which is tough w/ A.D.D. & the web as you know).

Congrats on saving the $60 though, and here’s to saving more in the future!

]]> By: Dave - Suze Orman Videos http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/comment-page-1/#comment-44561 Dave - Suze Orman Videos Mon, 18 Feb 2008 11:59:21 +0000 http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/#comment-44561 Your strategy will help instill the discipline needed to build valuable assets in the long term. Your 0% credit card interest must be on a new card? That sounds real good. Your strategy will help instill the discipline needed to build valuable assets in the long term. Your 0% credit card interest must be on a new card? That sounds real good.

]]> By: pfodyssey http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/comment-page-1/#comment-44408 pfodyssey Sat, 16 Feb 2008 22:01:22 +0000 http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/#comment-44408 GE INTEREST PLUS - great interest rates. Check it out. GE INTEREST PLUS - great interest rates. Check it out.

]]> By: Stephanie http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/comment-page-1/#comment-44055 Stephanie Thu, 14 Feb 2008 15:35:24 +0000 http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/#comment-44055 @lc - That would certainly be true, if I had more credit cards. As it stands, nothing has really changed in the execution of my banking, just in the setup. In fact, I'm saving time, because I was moving money from my BoA to my ING checking all the time, to take advantage of the higher rate. Now most of my income goes directly there. Also, I'm paying the same number of "bills," just as frequently - I often made multiple payments to my credit card per month, now I just pay most of them into the savings account instead. @lc -

That would certainly be true, if I had more credit cards. As it stands, nothing has really changed in the execution of my banking, just in the setup. In fact, I’m saving time, because I was moving money from my BoA to my ING checking all the time, to take advantage of the higher rate. Now most of my income goes directly there.

Also, I’m paying the same number of “bills,” just as frequently - I often made multiple payments to my credit card per month, now I just pay most of them into the savings account instead.

]]> By: lc http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/comment-page-1/#comment-44050 lc Thu, 14 Feb 2008 15:00:23 +0000 http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/#comment-44050 You say $60 in 30 minutes but you're not including the time it takes to execute your plan. I've been leveraging 0% APR credit cards to make money for some time now, and I must say that the process of transferring the initial money to my checking account, moving money back and forth between checking and savings, making sure that all of my credit cards (6 or 7 of them) get paid each month and that they get paid off before the 0% APR expires ends up taking up a decent amount of time. You say $60 in 30 minutes but you’re not including the time it takes to execute your plan. I’ve been leveraging 0% APR credit cards to make money for some time now, and I must say that the process of transferring the initial money to my checking account, moving money back and forth between checking and savings, making sure that all of my credit cards (6 or 7 of them) get paid each month and that they get paid off before the 0% APR expires ends up taking up a decent amount of time.

]]> By: Nancy http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/comment-page-1/#comment-43945 Nancy Wed, 13 Feb 2008 20:18:03 +0000 http://poorerthanyou.com/2008/02/13/rethinking-my-bank-accounts/#comment-43945 We seem to have similar banking habits. Or we had similar banking habits. I find it easiest to put everything into one account and devide it regularly, but that's what has been and is working for me. Also, knitting damn it! I demand knitting! We seem to have similar banking habits. Or we had similar banking habits. I find it easiest to put everything into one account and devide it regularly, but that’s what has been and is working for me.

Also, knitting damn it! I demand knitting!

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