How to stay out of your bank account
May 1st, 2008I rarely log in to my online bank accounts and credit card accounts. Why? Most of the time my online accounts takes care of themselves, and this gets managing money and paying bills out of my life, so I can focus on the activities I want to focus on.
You will want to keep a minimum balance that is greater than your single greatest payment. I like to keep more than $1000 in my checking account, since my credit card statements are usually less than $1000. I use multiple credit cards to get the most cash rewards ($300-500 annually with Chase). Using multiple cards allows spreading the bills across the month and minimizing the risk of over-withdrawal. Read more »
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