Comments on: Guest Post: The Best Places to Save Your Money http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html Helping You Be a Better Home Economist Fri, 10 Feb 2012 16:40:47 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: chb http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221743 chb Sat, 14 Mar 2009 08:46:06 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221743 Two of the best (in my opinion) personal finance blogs have come together for a great post! MSM, I hope you do a post on GRS too! Two of the best (in my opinion) personal finance blogs have come together for a great post! MSM, I hope you do a post on GRS too!

]]> By: flutemom http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221742 flutemom Fri, 13 Mar 2009 16:01:34 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221742 any ideas about doing this for a child? we tried before to go with ING for our daughters' accounts but you run into legal things when you're working with someone under the age of 18. we would have had to set it up as a trustee account or something like that, meaning that we would have been responsible for the interest on their accounts when we file our taxes for the year. any ideas about doing this for a child? we tried before to go with ING for our daughters’ accounts but you run into legal things when you’re working with someone under the age of 18. we would have had to set it up as a trustee account or something like that, meaning that we would have been responsible for the interest on their accounts when we file our taxes for the year.

]]> By: Constance http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221741 Constance Wed, 11 Mar 2009 18:35:16 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221741 I found a reward checking account for my area listed at money-rates.com that is paying 6.01%. The rate is only good for 25K but I don't keep that much in checking anyway. Thanks for the report. I found a reward checking account for my area listed at money-rates.com that is paying 6.01%. The rate is only good for 25K but I don’t keep that much in checking anyway. Thanks for the report.

]]> By: Chris from St. Mary's http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221740 Chris from St. Mary's Wed, 11 Mar 2009 14:21:12 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221740 I found you indirectly through GRS when I had just gotten out of debt. Both have been helpful in helping me to build up my savings account -- partly through ING, partly through couponing, partly through switching from a big boy bank to a local CU, partly through working to cut other bills. These lessons have been very helpful. I recently inherited money. It gave me a chance to research again where was the best place to keep the money while I grieved and discerned how to best use this for God's glory (the death was recent). In the end, I decided to go with a high-yield savings account with my local CU. Their interest rate is comparable and more stable than ING's as of late. But GRS taught me to research-research-research and not go with a local bank just because it's down the road from your house. Not all banks and CUs are created equal. I'm glad I learned these lessons before and am not trying to do it now (or not even think about trying to find them) in my current situation. Sadly, I have a sibling who is using a "different" approach to the same windfall (like, let's buy a brand new SUV! Yippee!). I found you indirectly through GRS when I had just gotten out of debt. Both have been helpful in helping me to build up my savings account — partly through ING, partly through couponing, partly through switching from a big boy bank to a local CU, partly through working to cut other bills. These lessons have been very helpful.

I recently inherited money. It gave me a chance to research again where was the best place to keep the money while I grieved and discerned how to best use this for God’s glory (the death was recent). In the end, I decided to go with a high-yield savings account with my local CU. Their interest rate is comparable and more stable than ING’s as of late.

But GRS taught me to research-research-research and not go with a local bank just because it’s down the road from your house. Not all banks and CUs are created equal. I’m glad I learned these lessons before and am not trying to do it now (or not even think about trying to find them) in my current situation. Sadly, I have a sibling who is using a “different” approach to the same windfall (like, let’s buy a brand new SUV! Yippee!).

]]> By: Finance Girl http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221739 Finance Girl Wed, 11 Mar 2009 12:54:35 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221739 That's interesting that the interest checking accounts have higher rates than online savings accounts. Lord knows my Emigrant Direct account is only earning 2% interest, but I like having it separated from my regular spending money. Thanks for the guest post from J.D. Love Get Rich Slowly! That’s interesting that the interest checking accounts have higher rates than online savings accounts. Lord knows my Emigrant Direct account is only earning 2% interest, but I like having it separated from my regular spending money.

Thanks for the guest post from J.D. Love Get Rich Slowly!

]]> By: ScoringDeals http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221738 ScoringDeals Wed, 11 Mar 2009 11:53:16 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221738 Thanks for the post! It was very informative!! Thanks for the post! It was very informative!!

]]> By: Melissa C. http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221737 Melissa C. Wed, 11 Mar 2009 11:51:56 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221737 Great article! One thing I'd also like to suggest is to join a credit union. Since they are tax-exempt and not-for-profit, you'll almost always get higher rates than banks, plus lower rates on loans! Many ppl worry about lack of ATMs but many of them are part of networks that give you free access to thousands of surcharge-free ATMs. For example, my credit union is a member of Allpoint, whose ATMs are in every Target and Costco, among other places. In total, they have 57,000 ATMs or something close to that. I haven't "banked" with a bank in over 7 years and don't miss it one bit! Great article! One thing I’d also like to suggest is to join a credit union. Since they are tax-exempt and not-for-profit, you’ll almost always get higher rates than banks, plus lower rates on loans!

Many ppl worry about lack of ATMs but many of them are part of networks that give you free access to thousands of surcharge-free ATMs. For example, my credit union is a member of Allpoint, whose ATMs are in every Target and Costco, among other places. In total, they have 57,000 ATMs or something close to that.

I haven’t “banked” with a bank in over 7 years and don’t miss it one bit!

]]> By: HelpingUBank http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221736 HelpingUBank Wed, 11 Mar 2009 11:37:08 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221736 The high APY for rewards checking accounts is definitely worth it. You can't expect to get a reward without earning it, right? That's just how I feel, and besides, most people meet those requirements anyway. One of the better accounts I've seen is from Coulee Bank in WI. It offers 5.01% APY and the best part is it is available nationwide (most aren't). Here's their website: <a href="http://www.CouleeBank.net" rel="nofollow">http://www.CouleeBank.net</a> Any other accounts above 5%? I would live to hear about them. The high APY for rewards checking accounts is definitely worth it. You can’t expect to get a reward without earning it, right? That’s just how I feel, and besides, most people meet those requirements anyway. One of the better accounts I’ve seen is from Coulee Bank in WI. It offers 5.01% APY and the best part is it is available nationwide (most aren’t). Here’s their website: http://www.CouleeBank.net

Any other accounts above 5%? I would live to hear about them.

]]> By: TargetWidow http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221735 TargetWidow Wed, 11 Mar 2009 11:12:36 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221735 I love Get Rich Slowly, too. It's a great resource, thanks for the guest post. I love Get Rich Slowly, too. It’s a great resource, thanks for the guest post.

]]> By: Meagan http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221734 Meagan Wed, 11 Mar 2009 11:11:05 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221734 I am a HUGE fan of ING Direct! I have had an online checking account with ING for over 3 years and opened a savings account with them the first week it was offered. I love the automatic savings plan and the rates. It is also very easy to transfer money. I am a HUGE fan of ING Direct! I have had an online checking account with ING for over 3 years and opened a savings account with them the first week it was offered. I love the automatic savings plan and the rates. It is also very easy to transfer money.

]]> By: tina b http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221733 tina b Wed, 11 Mar 2009 11:03:05 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221733 Thanks for this post! It was super helpful!! :) Thanks for this post! It was super helpful!! :)

]]> By: Michele http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221732 Michele Wed, 11 Mar 2009 10:55:04 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221732 I just discovered Get Rich Slowly about a month ago and am enjoying it so far, especially their forum. I like this type of blog as a balance to many of the coupon clipping blogs out there. It goes beyond just saving money on groceries to get out of debt but how to invest money as well. I started a similar blog a few months ago, but from a different perspective because I've never been in debt but have always been a saver. Thanks, J.D.! I just discovered Get Rich Slowly about a month ago and am enjoying it so far, especially their forum. I like this type of blog as a balance to many of the coupon clipping blogs out there. It goes beyond just saving money on groceries to get out of debt but how to invest money as well. I started a similar blog a few months ago, but from a different perspective because I’ve never been in debt but have always been a saver. Thanks, J.D.!

]]> By: Shellie http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221731 Shellie Wed, 11 Mar 2009 10:50:20 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221731 I'm so glad you posted this! Get Rich Slowly is one of my favorite blogs. He provides lots of very useful advice. He had a wonderful planting your own garden post that I linked to this week on my own blog. He is a wealth of all kinds of wonderful information. I’m so glad you posted this! Get Rich Slowly is one of my favorite blogs. He provides lots of very useful advice. He had a wonderful planting your own garden post that I linked to this week on my own blog. He is a wealth of all kinds of wonderful information.

]]> By: Emily http://moneysavingmom.com/2009/03/guest-post-the-best-places-to-save-your-money.html/comment-page-1#comment-221730 Emily Wed, 11 Mar 2009 10:46:22 +0000 http://moneysavingmom.net/2009/03/guest-post-the-best-places-to-save-your-money.html#comment-221730 Great Post - Thank you. We have our emergency fund collecting very little interest in our bank savings account. We have been trying to decide what to do with it so that it is risk free but also pays us more interest. You have outlined some very do-able options for us. Also, I like the idea of tracking separate savings accounts. I no longer make a car payment and want to continue 'paying' myself - other stuff too. Thanks again! Great Post – Thank you. We have our emergency fund collecting very little interest in our bank savings account. We have been trying to decide what to do with it so that it is risk free but also pays us more interest. You have outlined some very do-able options for us.
Also, I like the idea of tracking separate savings accounts. I no longer make a car payment and want to continue ‘paying’ myself – other stuff too.
Thanks again!

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