wrote in message
...
On Mon, 10 May 2010 21:08:36 -0700, "nom=de=plume"
wrote:

wrote in message
. ..
On Mon, 10 May 2010 14:53:45 -0700, "nom=de=plume"
wrote:

We all should agree with that. I don't even keep all my money in the
same bank.


Doubtful. I don't keep my money in banks. I use the credit union. I
had
BofA, but I don't like their policies.

Only one? What do you do when they **** you off? ... or just close for
some reason?

I like at least 3 banks and at least 2 insurance companies. Then when
you get mad at them it is easy to close out and go.


Sounds complicated and time-consuming, but if you don't mind....


What's complicated? Opening a few statements every month? I just think
of it as keeping my money in a couple different pockets. One is debit
card transactions for my day to day, one is checks and EFTs for bills
and one is linked to my brokerage account. I think that is easier.
The only one that is really dynamic is the debit card. The other two
are very predictable. I usually know what the ending balance should be
before I open the envelope.



Umm... banks (mostly) are FDIC insured. No one under the $200K (now) limit
has ever lost a dime. If you've got more than that in a bank, you're doing
something wrong. I avoid debit cards except for gas. Keep in mind that
they don't have the protections that CCs do.