Who’s afraid of the big, bad Internet?
Well, considering you’re here and reading this, it’s likely not you.
But Bankrate, posting at Yahoo! Finance, lays out 5 ways fear of the Web costs you:
- Banking — higher fees.
- Paying bills — unnecessary costs.
- Stock trades — excessive commissions.
- Travel — ticketing charges.
- Shopping — missed deals.
The biggest fears I hear about when it comes to using the Internet for money management is the safety of online banking and account aggregators.
Some good news in the banking world: Surprise! Ally Bank Increases Savings Account Rate, according to The Sun’s Financial Diary.
Ally Bank has decided to move up the rate of their online savings account from the current level of 1.70% APY to 1.75% APY, starting tomorrow. A strange move that I doubt will impress savers.
Finally this week, Amber Johnson at Online School offers 100 Essential Money Rules for Life After College. She’s rounded up 100 great tips, mostly from personal finance bloggers and sites, on getting your finances on track after you graduate from school.