Quote:
Originally Posted by disneysteve
In that case, I doubt I would bother with a bank account, except you still need to be able to write checks somehow. Otherwise you'd be stuck buying money orders for everything which would get expensive pretty quickly.
|
keep in mind I didn't say there was never more than 200 but after the bills are paid and what not there is rarely more than that left and usually less. we are not rich, we are surviving and hanging onto some money. I use a bank because I like direct deposit and I use my debit card everywhere. Our concern is not keeping cash because we have problems with banks. We don't generally. I can't remember the last time I had an overdraft. We are more concerned with having money in a bank that goes under. Even if the money is insured you have to wait to get it back. in the meantime you have no cash. none. Last week we had a major storm hit. no power for 4 days. the first two days there was also no atm or the few stores there were open accepting debit cards for more than 40 miles. We had a $20 bill. Used it to buy some ice and for the first time and in years realized what it really meant to not have money. There was money in the bank but couldn't access it. kinda scary!