Quote from: 2112 on June 26, 2012, 03:43:40 PM

Quote from: rjk on June 26, 2012, 03:29:14 PM

Well in that case, I've decided to set off all the alarms by never using a savings account again. Mainly because my checking account pays more interest than the savings.

What can I say to that? I envision for you the future of using check cashing, payday loan, rent-to-own & pawn shop establishments.

It can happen to anyone; I'm not sure if this is the correct link for Collateral Lender of Beverly Hills. It is a lifestyle choice and also probably lasts a lifetime.

http://www.collaterallender.com/

Or maybe your future wife will be your credit manager? I've seen that too.

How will saving his money in a checking account that yields higher interest than a savings with less restrictions hurt his finances?