Divest From Big Banks! #FinancialFitness2018
So! Week before last I talked about the Bucket Strategy for saving. Instead of leaving all of your savings in cash, or spending it on things not in your budget, you distribute it among different accounts in a logical and strategic way! This week I am going to spend more time talking about that first bucket; your savings account.
When I was 15 years old, and had my first job, I opened a savings account at Bank of America. Over the years, I’ve added a checking account, a credit card, and a business account. I pay all of my bills online through their website. It has been so easy to just stay with Bank of America, since I have so much linked with those accounts.
But this week, all of that changes. I am divesting.
As a Socially Responsible Financial Advisor, and an individual that prides myself on supporting local businesses and my community, there are a number of different reasons why I am making this decision. Tomorrow, I will explain what it means to have your money with a private bank such as Bank of America. On Wednesday I will give you my plan of action, and explain why I’m excited about it. And finally on Thursday, we implement the plan!
Very excited about this week. I’ve been wanting to do this for a really long time.