what I’m reading

I gotta be honest, I see the new Bank of America debit-related fees in direct correlation with airlines charging for luggage. I don’t understand why people don’t immediately bail on BofA for better organizations. I’m happy with my experiences with the local credit union for my business accounts, and Ali and I use ING direct for our personal finances. Recommend!

Here’s some of what I am reading this week:

Don’t duck new debit card fees by grabbing your credit card (the Oregonian, Brent Hunsberger)

Is Bank of America’s $5 Monthly Debit Card Fee Just the Beginning? (Wisebread, Paul Michael)

Avoiding the Poverty Tax (Wisebread, Philip Brewer)

Use These Printable Money Envelopes to Switch to Cash and Stay on Budget (Today’s Nest, via Lifehacker)

You don’t need the new iPhone (mnmlist) ‘Men have become tools of their tools.’ ~Henry David Thoreau

The Benefits of Buying Virtually Everything Used (TIME, J.D. Roth)


9 Ways to Earn Extra Cash When Money Is Tight (Wisebread, Mikey Rox)

3 thoughts on “what I’m reading

  1. Megan Clark

    Wells Fargo is doing the same thing. $3 per account per month. I have FOUR accounts. 3 business and 1 personal. Believe me, I have put up a stink about it with my banker and local branch. It’s so frustrating to be loyal for so long and have them be so disrespectful. I’m ready to ditch, but have to find the right place to go…….ARG.

    Reply
  2. Micah

    I don’t use BoA for any checking services, but I do have a Visa with them.

    I’m considering switching to a different credit card company just out of spite for their new fees.

    Reply
  3. Kristen

    I don’t use them — I have an internet bank that I’ve been very happy with — but with so many direct deposits and withdrawals and such set up, changing banks is a right pain in the patootie and that’s why Bank of America thinks they can do this. And they may well be right.

    When I moved a few years ago, I intended to set up my accounts with the nice community-based bank right down the street that was oh so very helpful with my mortgage — until I found out that there were fees attached to everything and they paid virtually no interest (at the time it was literally 1/10th of what I was getting with the internet bank) and I just couldn’t justify it. There is something to be said for economies of scale.

    Reply

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