Comments on: Savings Tip- Charge Yourself Exorbitant Bank Fees

By: Carnival of Pecuniary Delights #18 – Celebrity Birthday Edition | My Life ROI, Getting the Best Return On Life

Thu, 30 Jul 2009 10:33:45 +0000

[...] Eden from Finance and Fat presents Savings Tip- Charge Yourself Exorbitant Bank Fees. [...]

By: Eden

Eden — Sun, 06 Jan 2008 23:02:04 +0000

I’m starting to come around to the idea that I’m using my emergency fund too much and it has become more of an ‘irregular expenses’ fund. I think this little trick of charging yourself a fee still applies, but I also think that if you have to make frequent withdrawals, it is likely a sign that you don’t have a true emergency fund. I am working on building up a bigger emergency fund in 2008, look for more information to come.

By: Brandon

Brandon — Sat, 05 Jan 2008 22:42:42 +0000

I set up my emergency fund at a different bank than my primary account and I don’t have an ATM card with it. That forces me to actually go to the bank when I need to tap my emergency fund. I figure if I can take away some of the convenience, maybe I won’t get into it as much.

By: Lynnae @ beingfrugal.net

Lynnae @ beingfrugal.net — Mon, 24 Dec 2007 00:36:41 +0000

I love this idea! I used to be really bad about dipping into my emergency fund. I’ve been a little more disciplined in recent months, though.

By: Best PF Practices of the Year! | Moolanomy

Best PF Practices of the Year! | Moolanomy — Wed, 19 Dec 2007 14:02:50 +0000

[...] Charge Yourself Exorbitant Banking Fees @ Finance and Fat [...]

By: Credit Union Warrior

Credit Union Warrior — Tue, 18 Dec 2007 15:47:34 +0000

What a great idea! It’s all about discipline and systematic savings – you’re displaying both in big time way with this strategy. I have no doubt that you will be successful in your savings efforts.

By: M Cooper

M Cooper — Tue, 18 Dec 2007 15:23:54 +0000

I’d always check what is really an emergency…

Flat tires: Emergency
Disabled car: Emergency
Car Wreck: Emergency
Video Game: Not an emergency
New T.V. that I could afford with a little from my emergency fund… : Not an emergency.

I’ve tapped into mine twice, both times for emergency car repairs ($800/$1200) two years apart. Be careful not to get drawn into tapping it for things you don’t *need*.

By: jr

jr — Tue, 18 Dec 2007 14:16:24 +0000

I started doing this a few months ago. The trap I was getting into was that I would put small purchases on my credit card when I was low on cash, knowing I would have enough cash to cover it from my next paycheck. The problem was that paying the credit card balance left me short of cash, causing me to borrow again.

now I borrow from my savings (instead of the cc) at a ridiculous interest rate and pay it back when i get paid. works well

By: Consumerist

Consumerist — Tue, 18 Dec 2007 03:29:36 +0000

The Best Personal Finance Ideas Of The Year…

Nothing say Christmas like a list, so here’s another one. Here are some of the best personal finance ideas blogged this year, chosen by Mrs. Micah: Finance for a Freelance Life. Her top pick is the “debt snowflake” from……

By: Eden

Eden — Sun, 16 Dec 2007 16:34:38 +0000

@Llama and glblguy –
Thanks for the feedback. I’m glad you like the idea.