Comments on: Day 3 – Basics of Banking and Saving http://allfinancialmatters.com/2006/02/03/day-3-basics-of-banking-and-saving/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: John W http://allfinancialmatters.com/2006/02/03/day-3-basics-of-banking-and-saving/comment-page-1/#comment-24424 John W Sat, 09 Sep 2006 02:07:34 +0000 http://www.allthingsfinancialblog.com/?p=357#comment-24424 Excellent post. I opt for the internet bank option for my savings account. One question, which no one seems to define, is a good definition of "emergency fund". I agree with the concept, but if you don't specifically state when and where to use this account, it either goes dormant (you completely forget its there) or it gets used for things that many would not call "emergencies". A time frame to build this up would be a good idea. How long should it take to put away 6 months worth of expenses? Excellent post.
I opt for the internet bank option for my savings account.

One question, which no one seems to define, is a good definition of “emergency fund”. I agree with the concept, but if you don’t specifically state when and where to use this account, it either goes dormant (you completely forget its there) or it gets used for things that many would not call “emergencies”.
A time frame to build this up would be a good idea. How long should it take to put away 6 months worth of expenses?

]]> By: Stuart http://allfinancialmatters.com/2006/02/03/day-3-basics-of-banking-and-saving/comment-page-1/#comment-1550 Stuart Sat, 04 Feb 2006 00:55:21 +0000 http://www.allthingsfinancialblog.com/?p=357#comment-1550 Great series and I like this topic. I prefer bank accounts that will also leverage the rate of interest to the cost of withdrawal (i.e. the greater the withdrawal fee the greater the interest). It certainly makes you think twice before taking out some extra spending money. Great series and I like this topic. I prefer bank accounts that will also leverage the rate of interest to the cost of withdrawal (i.e. the greater the withdrawal fee the greater the interest). It certainly makes you think twice before taking out some extra spending money.

]]> By: fivecentnickel.com http://allfinancialmatters.com/2006/02/03/day-3-basics-of-banking-and-saving/comment-page-1/#comment-1547 fivecentnickel.com Fri, 03 Feb 2006 22:15:46 +0000 http://www.allthingsfinancialblog.com/?p=357#comment-1547 <strong>Weekly Roundup - 02/03/06</strong> Here are some of the most interesting personal finance articles that I ran across over the past week or so… Weekly Roundup – 02/03/06

Here are some of the most interesting personal finance articles that I ran across over the past week or so…

]]> By: BD http://allfinancialmatters.com/2006/02/03/day-3-basics-of-banking-and-saving/comment-page-1/#comment-1545 BD Fri, 03 Feb 2006 18:20:18 +0000 http://www.allthingsfinancialblog.com/?p=357#comment-1545 You can get the fees for Wells Fargo BillPay waived if you convert your account a to "Complete Advantage" type rather than whatever the default is. It requires a minimum of $500 in checking and $5000 in savings, but the interest rates are higher, checking earns interest, and the fee for BillPay is waived. You can get the fees for Wells Fargo BillPay waived if you convert your account a to “Complete
Advantage” type rather than whatever the default is. It requires a minimum of $500 in checking and
$5000 in savings, but the interest rates are higher, checking earns interest, and the fee for BillPay
is waived.

]]> By: br http://allfinancialmatters.com/2006/02/03/day-3-basics-of-banking-and-saving/comment-page-1/#comment-1544 br Fri, 03 Feb 2006 17:55:46 +0000 http://www.allthingsfinancialblog.com/?p=357#comment-1544 I just applied for an money market account from GMAC bank, which is also an internet bank. How is GMAC compared to other online banks? Thanks. BTW. Good series. I am looking forward to the following days. I just applied for an money market account from GMAC bank, which is also an internet bank. How is GMAC compared to other online banks? Thanks.

BTW. Good series. I am looking forward to the following days.

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