Money in the Bank

Knowing where your bank records are is as important as having money in the bank.

Russell Heimlich wrote to share his method for organizing bank statements. He uses a three-ring binder, a stapler, and a hole-punch. I really like this method — it reminds me how we handle the finances at work. It’s a vast improvement over my system, which literally involves a series of shoeboxes.

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Opening an account at Wells Fargo seems to have created a credit check.

I took my son in the other day to open a teen checking account at Wells Fargo, where I am an existing customer. They said that I had to be on the account as well (presumably because my son is a minor) so I said ok. Prior to going in, I’d called their customer service to find out the details of the account, and to ask if they did a credit check.

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Read more from this blogger: Unwanted credit inquiry

Reading the tea leafs in money market rate changes.

And they want to make us believe markets are returning to normal. Money market rates tell a very different picture and I rather rely on the data than the propaganda coming from central banks. And in this reality banks are scrambling to borrow funds at rates significantly higher than what the priests of ever expanding credit would like to see implemented.

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Read more from this blogger: Central Banks Continue on Path of Monetary Inflation