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Home > Smart Spending > Archives > 2008 > November > 17
Monday, November 17, 2008
It’s Money In The Bank
The Atlanta Journal-Constitution
I coach basketball, so banking is on my mind these days. My players are encouraged to use the backboard from certain spots on the court for bank shots.
I’m enamored with another form of banking: the online kind. A few years ago, I began paying most of my bills on the trusty laptop. The main attraction was convenience, but I quickly discovered it is cheaper.
When snail-mailing checks, we tend to date them before the due date. We never know how long it will take for the recipient to receive and process the payments, so we play it safe and ship it early to avoid a late fee.
With online banking, we can date the payment on the last possible day and duck the penalty.
We also save on stamps. Not bad at 42 cents a pop.
Have you tried online banking? Thumbs-up or thumbs-down?
Or have you shied away? If so, why?
This article is a bit outdated but speaks to the growth of paying bills electronically.
For me, it’s as sweet as a nothing-but-net, three-point basket.
To find ways to help make you way through a bumpy economy check out Your Money.
