Why Do I Overdraw My Bank Account?

Do I have money to spend? Why does my bank show money in my account then say I don’t have it? People often have issues with overdrawing their bank account without realizing it. Often, before you spend money, the bank shows you having it in your account. But then you make the purchase and theContinue reading “Why Do I Overdraw My Bank Account?”

Interest Explained for Savings Accounts

Join the Money Funnies as they learn about the importance of interestfor savings account growth. How can my money make money for me? Compound interest. Two of the main ways interest affects people are savings accounts and debt payments.   You pay interest on overdue bills, like credit cards, and earn interest on savings accounts.Continue reading “Interest Explained for Savings Accounts”

How to Avoid Bank Fees

The women discuss bank fees that people commonly run into, from overdraft fees to fees for getting your statement on paper. Bank accounts help with many of our logistical financial needs (like the details of moving money around). But most charge fees that can quickly add up. This is particularly annoying since many of theseContinue reading “How to Avoid Bank Fees”

Learn About Certificates of Deposit (CDs)

Join the women of Money Funnies as they discuss a longer term savings option offered by banks.  Some natural courses of life can end up saving you money – like moving in with your significant other or a pandemic that forces you to drink at home instead of going to bars. When those times come,Continue reading “Learn About Certificates of Deposit (CDs)”

The Difference Between Credit and Debit Cards

Money Funnies discuss the difference between credit cards and debit cards. While many people get their first debit card in their teens, they often don’t understand the difference between that and a credit card until much later. Debit cards and credit cards are similar in terms of when people use them and how they look.Continue reading “The Difference Between Credit and Debit Cards”

Why Have More Than One Bank Account?

Join the women of Money Funnies as they discuss the difference between the two main types of bank accounts. There are a number of services a bank can offer but two of the most commonly used are savings and checking accounts. Checking accounts are what we use for everyday activity. They’re called that because peopleContinue reading “Why Have More Than One Bank Account?”