topbillin1
07-01-2007 07:30:38
I wanted one of these so I can stop going into my checking account so much and save some money, I figured I can add on like $100 a week as spending money, (gas, food, etc) and keep money in my checking account for paying the bills only and savings = savings.....
What do you think of this idea in a attempt to save a bit? I did some research and found out that I waste quite a bit of money and want to cut down a bit. My goal is to get rid of credit card debt so I want to throw whatever I can extra a month to handle it.
OldManWrigley
07-01-2007 07:39:10
Set up an account at a different bank would be my opinion. Or take your "savings" and put it into an HSBC account (I don't think their are any B&M HSBC's, but you can hook a debit card to it, and get checks) and then just keep "petty cash" in your current checking account.
Just my two cents, and my desire for karma.
topbillin1
07-01-2007 07:50:50
So paypal isn't a good idea and reloadables have too much fees.... instead use HSBC (who I never heard of) and set up a online savings account with them and them get a debit card from them which is able to draw oney from my checking account.....
+karma...
OldManWrigley
07-01-2007 08:09:03
Yup. HSBC also has like 5.05 APR for savings accounts. IMO reloadable cards are way to high in fees, and PayPal can be used at millions of places online, so if you're shopping you might just implus buy something because they accept paypal.
Good luck )
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HSBC[=http//www.hsbcusa.com/]HSBC[/b3bf54c0a5b]
topbillin1
07-01-2007 08:29:37
I use ingdirect as well....
This is confusing.
BD2006BD
07-01-2007 12:04:21
get a bank account? At my bank I have a Checking Account, and a Savings Account. With my Checking Account I have a Debit Card and Checks. It is all free. I can transfer money online easily. What I do is deposit my money into checking, and put a certain amount each week into savings that I don't touch.
mcal44
07-01-2007 15:33:29
[quotedbaa92c493="OldManWrigley"]Set up an account at a different bank would be my opinion. Or take your "savings" and put it into an HSBC account (I don't think their are any B&M HSBC's, but you can hook a debit card to it, and get checks) and then just keep "petty cash" in your current checking account.
Just my two cents, and my desire for karma.[/quotedbaa92c493]
FYI, HSBC is one of the larger banks in the world and has hundreds of branches in the US plus a lot more worldwide.