Savings Accounts and ATMs
Here’s the tip from March 28 – Saving More month:
One thing that I have learned over the years is not to have my savings account linked to my debit / ATM card. That way, if I want to make an impulse purchase, I have to put some thought into it and move money either online or at the bank. This delay usually makes me think about the purchase and talk myself out of it.
An added benefit to this is if your card is stolen, the thief cannot access the money in your savings. This is a good thing since most of us keep our money in savings versus checking accounts
To purchase a copy of either of my books Thrive In Five: Take Charge of Your Finances in 5 Minutes a Day or 111 Ways To Save