Wednesday, November 2, 2011

Daily Tip: Start using Mint

So this one might seem a little counter intuitive, but it's worth it. I started using http://www.mint.com about a year ago and it made me aware of fees that I far too easily missed on my bank statement. Because of mint I discovered that my bank Old National at the time had started to charge a fee if I didn't keep a minimum balance in my account. Mint screams at you at the top of the screen when you login whenever you have additional fees. It helped me curtail my spending by highlighting exactly how much interest I was pulling on my credit card, etc. In general it just made me a more disciplined customer, which means I save money and give less to the banks. A good approach for all concerned. Even if it is a somewhat corporate product it helps make you a less profitable customer for the banks and minimizes the impact of their fee structure. Anything that prevents the stealth that they design into their fee structure is pretty awesome.

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