Paperless financial statements
With new legislation cutting into bank profits for credit card interest and over draft fees, SmartMoney.com says banks would love to see you go paperless, or opt out of receiving a paper bank statement in the mail.
The advantages of going paperless include a smaller chance of identify theft, less clutter and living green. Interestingly, customers haven’t been quick to adopt going paperless. Most customers have been receiving their paper statement in the mail for years and they’re not likely to change without further incentive.
Some of those incentives may include providing online statements with more interactivity such as sorting purchases and reporting, coupons, and even the earning of interest on checking accounts.
What’s your take? Are you reading to go paperless? Have you made the change? Let us know in the comments.
And now, on with the links and roundup…
Personal Finance Links
I hope you’ll take a few minutes out of your day to explore these interesting and helpful posts from other personal finance blogs.
- Christian PF: Bob lays out his strategy to give away a millions. This is an excellent post that highlights the important of giving. Bob begins his plan with giving and ends it with giving. I highly recommend reading this post!
- Personal Finance by the Book: Joe provides us 5 things you can do to provide people financial help. This is a great list of ideas especially with so many people now more serious about putting their finances in order. As an additional way to help people, you can learn more about becoming a Money Map Coach by visiting Crown.org. You can also read my Money Map Coach page.
- Bargaineering: In an interesting post by Bargaineering this week we learn about strategies for hiding money at home. Do people still do this? According to Jim’s article, they do. How much money do you really need to keep at home anyway? My recommendation: keep as little as possible. It’s safer in your bank. Head on over to Jim’s article to get some good tips if you either keep money at home, or are considering it for safe keeping.
- Frisco Financial Planning: John uses marathon stats to give us some important lessons in investing. The points brought out in this article are enlightening especially when you think about them from an investment standpoint.
- Suburban Dollar: Is it ever too young to start teaching kids about money? Kyle provides a real life example in which he and his wife have the opportunity to teach their son about earning and spending principles.
One Money Design around the web
- Bible Money Matters: This week I talked about 5 simple ways to save money. Did you know you can actually make money by playing The Grocery Game? Most people play it to save, but I’ve heard of someone who actually makes money.
Personal Finance Blog Carnivals
What is a personal finance blog carnival? If you’re interested in learning more, here is a great definition from BlogCarnival.com:
Blog Carnivals typically collect together links pointing to blog articles on a particular topic. A Blog Carnival is like a magazine. It has a title, a topic, editors, contributors, and an audience. Editions of the carnival typically come out on a regular basis. Each edition is a special blog article that consists of links to all the contributions that have been submitted, often with the editor’s opinions or remarks.
This week One Money Design was featured in: Carnival of Personal Finance 246: March is the month for … what?!?.
About Jason Price