Evolving Personal Finance » Entries tagged with "checking account"
Losing Half Our Buffer
Keeping a certain amount of money in a checking account to prevent overdrafts/denied transactions is a pretty common practice among moderate PF’ers. Beginners haven’t yet figured out that they can avoid fees, interest, and embarrassment by keeping such a buffer. Ideally, you wouldn’t overspend the amount of money you have available for that month, but we are all capable of making mistakes. I personally like to play chicken with a zero balance, though – I … Read entire article »
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