Comments on: Banking http://carper-diem.com/2007/04/banking/ My Lamentations Sat, 10 Jan 2009 21:42:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Karen http://carper-diem.com/2007/04/banking/comment-page-1/#comment-441 Karen Thu, 26 Apr 2007 01:58:01 +0000 http://www.carper-diem.com/?p=108#comment-441 Very interesting analysis! Have a great day. Very interesting analysis! Have a great day.

]]> By: Mike http://carper-diem.com/2007/04/banking/comment-page-1/#comment-440 Mike Wed, 25 Apr 2007 21:57:21 +0000 http://www.carper-diem.com/?p=108#comment-440 You're right banks to make the money off of you and your mistakes (overdrafts). That's what they do. Most banks are there to make profits, not help you. They have shareholders that expect to see money at the end of the year. It's always best to go with a Credit Union. Credit Unions are not there to make a profit, they are there to support their members. That's why you some times get money back at the end of the year from the Credit Union. They usually divide up the money they make and return it to members as dividends. It's more dangerous to have your money under your mattress. You can have issues like burglary or fire, then you're life savings is gone. Same goes for buying gold and diamonds. Diamonds on the other hand can increase in value however, it's very hard to sell the back. Usually jewelers won't buy them back unless you purchase into some sort of buyback/upgrade program. Most of the time you'll have to sell at a pawn shop and receive well below the estimated value of the diamond. I suppose we do have to deal with banks, but Credit Unions are less likely to eat you alive! lol. You’re right banks to make the money off of you and your mistakes (overdrafts). That’s what they do. Most banks are there to make profits, not help you. They have shareholders that expect to see money at the end of the year.

It’s always best to go with a Credit Union. Credit Unions are not there to make a profit, they are there to support their members. That’s why you some times get money back at the end of the year from the Credit Union. They usually divide up the money they make and return it to members as dividends.

It’s more dangerous to have your money under your mattress. You can have issues like burglary or fire, then you’re life savings is gone. Same goes for buying gold and diamonds. Diamonds on the other hand can increase in value however, it’s very hard to sell the back. Usually jewelers won’t buy them back unless you purchase into some sort of buyback/upgrade program. Most of the time you’ll have to sell at a pawn shop and receive well below the estimated value of the diamond.

I suppose we do have to deal with banks, but Credit Unions are less likely to eat you alive! lol.

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