Simple Ways To Save Money And Stow Away Cash

Make Smart Banking Decisions

Most individuals do not switch banks once they make a decision about which bank they want to start with. Unfortunately, this sort of practice can be quite detrimental, which many are not aware of. Switching banks, particularly to an Internet bank, is an effective way to get access to the high interest rates and fee waivers brick and mortar banks typically reserve for new clients. There are even banks offering no fees, additional rewards, and other incentives to all customers.

Besides not being afraid to switch banks, try opening multiple bank accounts to spread out funds and take advantage of interest rates and other features. Some banks even make it possible to set up a 'sweep,' in which money left over in an account gets transferred to a savings account the day before a client's payday.

Continue reading to learn about saving money when dealing with a mobile phone.