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To: skr
I got the news back a few months ago that free checking would start charging $8.95 a month. Being the colossal cheapskate I am (I prefer the term frugal), I decided I was going to find a way to "beat" the new charges. So here is what I did:

Savings accounts were still free, so I closed my checking and kept my savings. I redirected my direct deposit to the savings account. The savings only allows 4 withdrawals a month, so every payday I transfer enough to paypal to pay all my bills. I only withdrawal cash once a month and use my credit card for everything else. Giving me 1 withdrawal should any emergencies pop up.

Yeah it can be a hassle, but like I said I'm a cheapskate. I wondering how long it will be before they catch on and put a stop to it.

10 posted on 06/19/2010 9:56:15 PM PDT by apillar
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To: apillar

Having a drop or two of Scottish blood in me and very little money to spare for fees when a bank has the use of my money anyway, I’m not inclined to throw away money that I need to pay bills with. Your, ahem, frugal approach may come in useful for this penny-pincher. You deserve a tip for your tip, but you know how we frugals are. ; )


13 posted on 06/19/2010 10:11:07 PM PDT by skr (May God confound the enemy)
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