Definitely not true with us (the second part) -- if giving it (cash) away counts as "spending" it -- if we are not spending, someone else (the recipient) certainly is or will be. We are not afraid.
BoBraxton, Thanks for starting a discussion thread!
Funny. My checking just seems to keep going down. Oh, now I remember, that's because I am retired and there is no income and lots of out-going. :-))))
As an Introvert, I have never been all that Out going -- my spouse on the other hand.
I don't think you are an introvert. Never blame your wife. Solve the spending problem by letting your wife be in charge of the spending. Relax, she will make it work. Watch a football game.
As for my checking account, it comes in and it goes out. I am still working full time and I have not seen my checking account go up and stay there.
Just one of our several credit cards - invoice for little more than a thousand dollars - seems we are doing our share (of spending).
I really cannot comment on this topic because my checking account is not filling up. I will be glad to read to read the other discussions.
Let's also remember unlike when many of us was much younger there are many, many more choices where you can spend your money. Might it also be that we are looking at theses alternatives (or seeking new ones) than merely staying with the tried and true sources? This is certainly the case for me.
Thanks for posting this.
I started keeping an emergency fund in my checking account when I found one that paid 3% interest (credit union, of course.) Can't stand to see my money not do anything.
More details? I didn't think that anybody paid more than a fraction of a percent these days on short-term accounts.
Kasasa accounts through credit unions. There are some catches, however.
1. You have to have an automatic deposit or withdrawal every month.
2. You have to use the debit card at least twelve times a month. (I use it for my Amazon one-click on my Fire HD.)
3. The interest rate is only good for the first 10K.
Guess how much I have in my emergency fund? Suze Orman would not be pleased.
My spouse uses Debit card for ATM (she uses cash so takes some periodically). So far I refuse to have and use Debit card(s).
I’m sure she never uses her PIN, always uses the credit side of the card.
I'm glad you appreciate.
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