Guadalupe SanchezDoes closing a bank account affect your credit? The only time closing a bank account affects your credit is if it’s closed with a negative balance. If you closed your bank account with a $0 balance, it will not affect your credit score. If you closed your bank account with a negative balance, it will … Read more
You’re switching banks because you got offered an exceptional new customer bonus, you’re finally getting paid interest, or you’re just tired of having to deal with terrible customer service? You’re excited to move forward but you’re also thinking about how to switch banks? I get it! Following the seven steps below is the easiest way … Read more
Advantages of savings account include keeping your money safe, quickly withdrawing cash when needed, and earning interest. Disadvantages of savings account include monthly withdrawal limits, substantially lower returns than other accounts, and interest rate fluctuations. What Is a Savings Account? A savings account is a type of deposit account. You open one at a bank, … Read more
How many bank accounts should I have? To better manage your finances, you should have three bank accounts. You should have one checking account and two high-yield savings accounts. How Many Bank Accounts Should I Have? I created the “3B Banking Method” which means you should have three bank accounts. Simple and easy enough to … Read more
I have a bin in my closet full of clothes I’ve never worn. I have a donation box in my parent’s garage full of purses, sweaters, shoes, and accessories that I’ve used at least maybe once? The very last thing I was thinking when I bought these things was, “Should I buy this?” What frustrates … Read more
What is an IRA? An IRA is an Individual Retirement Account. I’m glad you’re here because that means you’re serious about investing for retirement as you should be! It’s never too late to invest but the sooner you do it, the better. Let’s get right into it. What is an IRA and how does it … Read more