Quote:
Originally Posted by kork13
Stashing it away in boxes slowly depreciates your money, making it more worthless month by month as inflation presses on.
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That is what I first thought about. Unless you have such little money that it doesn't matter. Meaning you have enough to pay your bills each month but nothing left to save.
Sky, Maybe you need to try another bank. I have had a couple banks that I have really hated. The people were rude, the fees sucked, and even weird things happened to my account. But I just moved on to another bank. Now I have 2 banks that I really love. The people are super nice and go out of my way to help me and there are no fees. Unless I were to bounce a check but some banks won't charge you a fee if you have money in a savings account with them too. My favorite bank is a local one (WSFS in Delaware) and they have been nothing but nice. Even a couple times I did overdraft my account and they waived the fee because they are that nice.
I just thinking not having a bank would make life so difficult. You have to get your checks cashed somewhere and PAY for it, you have to pay bills in person with cash or BUY money orders. Plus you are more likely to spend a pile of cash at home. I think not using a bank is going to cause you to spend way more money on fees than with a bank. So many offer free checking with free online bill pay. I never pay a dime to cash my check or pay a bill. Also,your bank is not going to cash your checks for you if you do not have money in the account. I have one account that I don't use very much and if I try to cash a check there, they make me deposit it first. So what will you do about your paychecks? Always keep one paycheck in the bank so you can then cash the rest of them?