hello, you who did not bother to take us off your google reader. we appreciate your loyalty and laziness. cheapions is back and now we're adults. we the cheapions, in order to form a slightly less frivolous blog, present you with cheapions 2.0. we're going big picture. basically, we do a lot of research about money for fun and we're gonna post it on here if you want to read it. get ready to learn about local banking, community investing, credit card fees, wtf is going on in your bank account, and obviously frugal living.
caitlin is living in bellingham, washington and laura in philadelphia. moving to a new place usually involves spending a lot of time on craigslist, am i right? like me, you might be looking for a job, a place to live, food, and free crap. but let's be honest we're always looking for free crap. when you move somewhere new, move your money to a bank or credit union near where you live. credit unions are non-profit banks that are owned by their members. when you put your deposits in a local credit union or bank, it makes loans to your neighbors and community. if your money is in bank of america, it's probably not being loaned out locally. check out these faq from move your money about why and how to make the switch. you might say, but bank of america is so convenient for when i visit my friends in other cities. yeah, well my credit union debit card works with no fee at any 7-11 atm. investigate.
here's another fun fact: your $1,000 deposit enables your bank to make a loan of $9,000. when you make a deposit anywhere, you are letting the bank use that money. your small deposits are powerful! who is using your money right now?
