Bigger Banks Better – Bigger Not Always Better

Bigger Banks Better – Bigger Not Always Better

 

When we think of companies and the services they provide, we often assume that a big company is automatically better. We think to ourselves “well if they are that big it means they have a lot of customers so they must be doing something right”. That thought process makes sense but is not always entirely accurate. A lot of businesses were good and did earn their way to the top, but as they got bigger they started taking more liberties with customer service.

 

This happens all the time, and by then they are so big most of their customers do not leave even if they could find better deals elsewhere. This is where the question of whether Bigger Banks Better or Not comes in. That sentiment that bigger is better holds true for banks just as much as any other business, but is it really the case?

 

Depending on your situation, the answer to that question is no. Big banks offer a lot of benefits, sure, but you might be able to get far better deals and customer service by using a smaller community bank. Small businesses almost always have great customer service and a lot of perks to keep customer loyalty. Since they are smaller, they cannot afford to lose customers like big companies do, so they go that extra mile.

 

 

When figuring out if Bigger Banks Better or Not, you need to ask yourself what exactly you are looking for. If you just want the basic checking and savings accounts, then a smaller bank may or may not be better for you. You will have to consider your local community banks to see what kind of rates they have and check to see if they would save you money or not.

 

However, one aspect that small banks have the advantage in is loans. Especially small business loans. Big banks are often very hesitant to give out loans with small business loans being at the top of that list. But small community banks make most of their money by giving out small business loans. So, if you are looking to open your own business, then you should consider your local community bank.

 

By using a local bank, you are not only helping your community by supporting them, but you are also helping your community by allowing more businesses to pop up. By keeping your local community bank afloat, you enable them to hand out loans so that people can start up that business they always dreamed about, which in turn creates jobs for your area.

 

So not only are you getting better savings, but you are also helping the community. It is definitely a win-win situation.

 

While these advantages certainly do not apply to everyone they can make a significant difference. If you are deciding whether Bigger Banks Better or Not and are looking for alternatives, then consider small banks and see what they should offer, you might be surprised at what you can find when dealing with them.

 

You can have anything you want if you are willing to put in the time, effort and plans to get to your goals.  Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!  In closing, I invite you to share your commits on this and all the posts. Like us on Facebook and Google Plus. Remember to keep an open mind and Shift 4 Freedom.

Credit Card Fees – Lead to Staggering Amounts of Debt

Credit Card Fees – Lead to Staggering Amounts of Debt

 

Money is tight for a lot of people, and most of us are forced to live paycheck to paycheck. We also tend to rely on things like credit cards to get us by. This has led to staggering amounts of debt for thousands of people. Credit card debt is one of the primary forms of debt in America because of this. So, if you are one of the people in debt, you know how stressful it can be and how much you wish you could claw your way out.

Dealing with all the Credit Card Fees, the endless phone calls from your creditors, the stress of knowing that most of your money is going to just pay off these things, all the while forcing you to continue to use them. It is a vicious cycle that can be exceptionally difficult to break.

But while it is difficult to break, it is by no means impossible. In fact, there are some simple tips you can use to slowly pull yourself out of the hole of credit card debt.

The first step in getting out of debt is to create a budget. Look at how much money you get every month, then look at how much money you spend every month. If you sit down and look at your expenses, I am sure you will notice a lot of frivolous things that you can cut out to help yourself with those Credit Card Fees. Something as simple as getting a coffee in the morning can really add up.

If you can cut down these unnecessary expenses, you can then take that extra money and apply it to your debt. It may be tempting to throw it at your largest debt first, but this is the wrong move. We need our little victories, and it is also a snowball effect. So, if you have multiple credit cards and are in debt with each, look at the one with the least amount of debt.

If you take that money you are saving and put it all towards paying off the lowest credit card, you can make some serious progress and pay it off quite quickly. This will give you that victory you need, it will boost your morale as you can see you really can claw your way out.

But that is only the beginning. From there you will want to apply, not only the money you had been saving by cutting back on unnecessary expense but also the money you are saving by not having to make payments on that credit card. Now you will have a lot more money every month that you can apply to the next lowest debt.

It is a rinse and repeat process from here on out. You just take the money you save by paying off a card and apply it to the next highest one. It will take a long time to knock out those Credit Card Fees if you are deep in debt, and you may need to do some extra work to get there. But by utilizing this method you can make some serious headway in your fight against your debt.

Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!  In closing, I invite you to share your commits on this and all the posts. Like us on Facebook and Google Plus. Remember to keep an open mind and Shift 4 Freedom.