Comments on: David thinks I’m wrong http://www.iwillteachyoutoberich.com/blog/david-thinks-im-wrong/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Mon, 15 Mar 2010 13:53:17 -0700 http://wordpress.org/?v=abc hourly 1 By: Nikhil Sharma http://www.iwillteachyoutoberich.com/blog/david-thinks-im-wrong/comment-page-1/#comment-34725 Nikhil Sharma Fri, 28 Sep 2007 18:21:24 +0000 http://www.iwillteachyoutoberich.com/blog/david-thinks-im-wrong#comment-34725 "If that means putting everything in the checking account, so be it. Given the ridiculous interest rates seen in consumer savings accounts (Wells Fargo offers a 0.7% rate), it’s hardly worth people’s time to balance this properly." IMO, I think it's worth anyone/everyone's time to at least use a better savings account like ING or EmigrantDirect. “If that means putting everything in the checking account, so be it. Given the ridiculous interest rates seen in consumer savings accounts (Wells Fargo offers a 0.7% rate), it’s hardly worth people’s time to balance this properly.”

IMO, I think it’s worth anyone/everyone’s time to at least use a better savings account like ING or EmigrantDirect.

]]> By: Alex Boutet http://www.iwillteachyoutoberich.com/blog/david-thinks-im-wrong/comment-page-1/#comment-6317 Alex Boutet Tue, 27 Feb 2007 15:56:59 +0000 http://www.iwillteachyoutoberich.com/blog/david-thinks-im-wrong#comment-6317 Hey! Nobody here! David isn't quite popular. I just want to point out that Ramit has already wrote about how to avoid overdraft fees. Plus, you MUST be able to manage your money back and forth saving and checking. I you don't, you're somehow bad at tracking your spending. IMHO, one must always know what's going on in his bank account. Actually, checks are disappearing. It may be professional distorsion (object-oriented programmers always do that) but I never access my money directly, I use my credit card, and then transfer the money from my checking/saving account as soon as I can. I never need to fear the dread overdraft fees. Hey! Nobody here! David isn’t quite popular.

I just want to point out that Ramit has already wrote about how to avoid overdraft fees.

Plus, you MUST be able to manage your money back and forth saving and checking. I you don’t, you’re somehow bad at tracking your spending. IMHO, one must always know what’s going on in his bank account.

Actually, checks are disappearing. It may be professional distorsion (object-oriented programmers always do that) but I never access my money directly, I use my credit card, and then transfer the money from my checking/saving account as soon as I can. I never need to fear the dread overdraft fees.

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