Kip Tips

Great Advice From Around the Web

A weekly look at personal finance tips and insights others are offering.

By Cameron Huddleston, Contributing Editor, Kiplinger.com

October 19, 2011

Is it time to break up with your bank? Several personal finance bloggers having been asking this question lately, in light of Bank of America's announcement that it will charge its customers $5 per month for using their debit cards.

Among those who have tackled the topic, Sarah Gilbert at Get Rich Slowly offers advice on what to consider before switching banks in Why Pay Debit Fees? Changing Banks, or Not. And G.E. Miller at 20Somethingfinance writes about 5 Banks Where Checking Accounts and Debit Cards Are Still Free.

Here's a roundup of more great personal finance advice from around the Web:

Helpful Banking Tips for 20-Somethings [Savvy Sugar]
"Here are five important things you should be aware of when banking in your 20s."

Should You Lend to Friends and Family? [Wise Bread]
"If you don't set guidelines for repayment in writing, you have no one to fault but yourself if it doesn't come back to you in that timely manner you expected when you said yes over beers."

5 Incredibly Stupid Things Consumers Do Online [Mint.com]
"I’ve seen outrageously dumb behavior that could have easily been prevented and that cost customers thousands of dollars. Here are five standouts."

Cashing in on Craigslist: How I've Saved Thousands of Dollars Buying Used [Get Rich Slowly]
"It’s not unpatriotic to buy used instead of new from stores ... One hundred percent of the proceeds go to real people."

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