Online Banking Tips and Tricks

online banking tips and tricks money
Ask most millennials how they keep track of their finances, and chances are they’ll mention online banking. Online banking may have started off as a simple, convenient service offered by banks to customers that can’t always get down to a physical branch, but it has become the primary tool for those looking to get a hold on their financial lives. As with anything else, it’s important to be cautious with how you approach online banking. This is, after all, your money we’re talking about here, and disasters can happen if you aren’t careful.

Fortunately, buttoning-up your online banking practices is less difficult thank you might think. Here are a few ways to ensure you stay ahead.

Don’t Skimp on Your Password

No one wants to have to remember a 12 character password full of random letters, numbers and symbols, but no one wants to have their bank accounts compromised, either. As tight the security is with most online banking systems, breaches can and do happen. Many people have learned the hard way what occurs when one’s financial information ends up in the wrong hands, and it isn’t pretty. Create a password that only you’ll be able to remember, ensuring that you don’t pick anything that might be easily guessed. For best results, consider using a random password generator, as there are plenty to be found online.

Check Your Balance Each and Every Day

Just because you think you have a good handle on what your current balance is doesn’t mean you aren’t at risk of missing something. This is especially true if you use your online banking account for recurring payments. In such a case, you need to keep an accurate, up to date calendar that takes into consideration every payment that will be debited from your account each month. By doing this and logging in on a daily basis, your risk of overdrafting an account will be far lower than it might otherwise be. Also, consider giving yourself a limit on how much you spend with certain debit cards each week, as this will further help to keep your finances in check.

Open Two Online Bank Accounts

One online bank account may seem like enough, especially if you tend to spend lightly. No matter what characterizes your approach to banking, however, you’ll benefit from opening two online bank accounts—one for bill pay/income, and another for daily spending. The first account will be where you deposit your paycheck, as well as where money is debited from in order to pay your bills. The second account is something entirely different altogether. This is where you’re going to pull money from in order to handle daily spending, and it’s recommended that you only keep $100 in this account so that you don’t find yourself overspending. Either way, having two accounts will help you to avoid a mountain of issues, especially if you’re not particularly good with managing your money.

So don’t be afraid to take the plunge with online banking. Take these tips to heart, and you’ll be one step closer to having true control over your personal finances.

Living

This Crazy Weighted Blanket Will Have You Sleeping Like the Dead

When we first heard about the idea of a weighted blanket, and more specifically the Bearably blanket we were, to say the least, pretty skeptical...
Food & Drink

Mail-Order Meat: Where to Order Quality Meat Online

Need a cut of steak? Some pork? A few lobster tails? Skip a trip to the store and these premium delivery companies.
Outdoors

A Quick Guide on How to Clean Hiking Boots

If your hiking boots are as clean as a whistle, without a scuff or a scratch or a hint of dirt to be seen, then you're doing it wrong.
Food & Drink

Homebrewing 101: An Introduction to Extract Brewing

There’s no need to tackle the most complex processes right away or invest in a ton of expensive equipment. Ease yourself into the world of homebrewing by using a malt extract kit.
Living

All 21 Six Flags Parks in the U.S., Ranked

It wasn't easy, but we ranked every Six Flags location in the United States. You're welcome.
Living

This Brutalist Revival Home in Greece Stands Out By Blending In

Forget those white stucco homes of Santorini. Patio House is the future of Greek design.
Living

Bruce Willis’ $13 Million Country Estate Is For Sale

Butch Coolidge and Korben Dallas would never live in a bucolic country estate in New York, which is why it’s so shocking that action movie superstar Bruce Willis did.
Travel

The Palms Casino’s Newest High-Roller Suites Have a Bowling Alley and Whiskey Room

The Hardwood Suite is a basketball-centric masterpiece, while the Kingpin suite is a bowling bro's paradise.
Living

Old Meets New in a Unique Way in Chicago’s Cortez House

Cortez House is refreshingly modern but with nods to the building’s past … including the original meat cooler.
Living

The Best Mattresses for Side-Sleepers Who Need Support

Do you sleep on your side? You may need a mattress designed with you in mind.
Living

The Jamaican Villa Where Ian Fleming Created James Bond is for Rent and It Is Amazing

You can vacation at the birthplace of secret agent 007, complete with butlers to make your martinis.
Living

The Best President’s Day Sales on Luxury Pillows This Weekend

Tired of sleeping on that old pillow? Upgrade to something more luxurious.
Living

A Simple Swedish Cabin Gets a New Addition and a Japanese Twist

The two styles have more in common than you think and Archipelago Sommarhus is proof.