Banking

How multiple bank accounts can help you budget

Using multiple bank accounts for budgeting takes practice, but it’s well worth learning how to do it. With the right accounts, you’ll have an easier time managing your cash flow and keeping your spending in check while maximizing the benefits of each account.

Banking 101: How do banks make money?

Did you know your bank isn’t free? Banks make money in simple ways like monthly fees and interest income — and understanding those costs can help you avoid them.

How many bank accounts should you have?

At a minimum, you should have two bank accounts: one for daily expenses and one for savings. But depending on your lifestyle, you could benefit from more than that. Multiple accounts will help you to reach various savings goals, separate your bills from nonessential purchases, and more.

How to use checkbooks – and are they even still relevant?

Checks are no longer necessities, but they can be convenient. While most merchants don’t prefer checks, your landlord or utility companies might, so it’s still important to understand how to write a check and balance your checkbook.

How to choose a bank: 6 features to look for

If you’re in the market for a new bank, you’re going to want to consider what products they offer, their fees and interest rates, and any fine print. It’s also a good idea to read reviews online and assess how the bank’s features will fit your lifestyle.

How to Cash a Check without a Bank Account

When you need to cash a check, there are plenty of places to do it that don’t require a bank account. You can cash a check at Walmart, grocery stores, check-cashing stores, and other places, depending on your situation.

Where should I store my short-term savings?

The best place for short-term savings — money you may need in the next two years or less — is an account that’s safe, liquid, and (hopefully) interest-bearing. Think: high-yield savings accounts, money market accounts, T-bills, and cash management accounts.