Dividend Dollar has moved to it’s new site. The move gives me a little more flexibility in what I am wanting to do, than what wordpress.com would allow. You will still find all the great stuff on the new site that was here, plus some new improvements.

Again, come visit the new, improved Dividend Dollar site.

Sorry for any inconvenience!

So i recently decided to open a no fee banking account. We all know that banks charge fees for everything and this contributes to their always rising profits (US housing crisis not withstanding). There are probably a lot of people who will clip coupons to save a few cents on an item, yet they don’t pay any attention or have no idea what they pay in bank fees every month. It would not be uncommon to pay $5, $10 or even more a month for using your bank account. This may not seem like a large amount, but over the course of a year this can add up.

I sat down and figured out that over the course of 19 months i paid $99.45 in fees. That is over $5/mth on average. I don’t write many cheques and hardly ever use an ATM card though. For those that make a lot of ATM transactions or pay for unlimited transactions, that could really add up.

If you are interested in a no fee account you can find out about it here. I would highly recommend doing this in person as it only takes about 10 minutes. I did it online and it was a real mess.

I will take my $5+/mth and invest it or use it for something i enjoy. Let’s face it, $5/mth in banking fees do not enhance my life in any way.

Hey folks! This is the first of what will hopefully be many posts on everything dividends and other personal finance matters. This is my first blog, so i expect a bit of a learning curve for the first little while. Therefore the posts may be a little slow at first, but hopefully become quite regular after some time. Happy Easter everyone.