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Chase Bank is a robber. They rob you with outrageous, undisclosed fees They lie in wait and when you’re the most vulnerable, they pounce, and beat the heck out of you and take your money. And this after you have already given them their extortion money through your taxes. Your taxes are supposed to go the common good of all the citizens. You have been extorted. Your tax money was just handed over to them because they could prove they were incompetent as a bank. They steal your tax money. You had no say in it, yet it’s gone from your pocket. Then they have the nerve to jack up their fees and penalties and rob you a second time.

Chase Bank is evil. I hope you realize you don’t have to put up with this. You have options. I have had personal experience with getting mugged by Chase Bank just recently and I’m really peeved. But it’s not just Chase, it’s Bank of America, it’s all the major banks and credit card companies. But you don’t have to play their game. You can go to smaller banks. Banks that knew and still know what they are doing. They are professionals who are careful with their corporate policy. Didn’t buy junk and try to sell junk and then got caught with their pants down.

Small Banks and Credit Unions are the solution. Small Banks play by different rules. They are concerned about their investments and are concerned about your investments. You can deal with them one on one and they know what they are doing. They belong to all the major ATM networks. Have on-line banking. Free checking. Debit cards. FDIC insured. DBA accounts for small businesses. A host of investment vehicles. They can meet all your needs. Take my advice, let the criminals die a slow death in their own greed and incompetence. Just make sure you are not still one of their victims (customers) while they accelerate their embezzlement (fees and penalties).

An unrepentant, corporate criminal will continue their criminality just as any street criminal will. Giving them more money is not going to stop their criminality, only encourage it. Get away from them now.

The steps to take are as follows:

1. Find a local, small bank that does not advertise on TV. I drove around my neighborhood and found “Home Savings of America”. Very pleased with them. You can find listings of local, small banks on the Internet, or just drive around.
2. Open a checking account and two savings accounts (one for saving for large purchases and one for your emergency fund). Set up on-line banking and join all accounts so you transfer money to and from them all
3. Go on-line and open a checking account and another savings account with ING at www.INGdirect.com. Setup where you can transfer money back and forth from your ING accounts and your new local, small bank accounts.
4. Set up your direct deposit at your work, to put 80-90% of your money to one bank and 10-20% to the other.

The Best of Both Worlds

Now if you want a lot of money fast, you can go to your local bank and withdraw. You’re not being dependent on ATMs and you have the flexibility and safety of 2 systems of checking and savings accounts.

I use my ING checking to pay all my monthly bills and the ING savings to store up for my insurance bills that are due every 6 months and annually.

I use the checking account at the local bank for groceries and incidentals. Because the monthly bills are paid out of their own separate account, I can’t accidentally use that money for incidentals. Your bills will always be paid and you’ll always know how much discretionary money you have available.

The 2 savings accounts at the local, small bank are first, for saving up for large purchases, and the second savings is for your emergency fund. People in the know are saying 12 to 18 months these days, instead of the previous 3 to 6 months of living expenses.

Saving Saves on Insurance

Incidentally, once you get a thousand or so in one of these savings accounts, you can increase your insurance deductibles on all your policies to $1,000 because you’ll have it stashed. Why pay higher insurance rates for something you already have covered?

Summary:

How not to get Mugged?

Don’t go where the muggers are.

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Martin O’Hara writes on business and personal finance related issues. You can learn more by visiting his blogs, Success With Personal Finance and Money Hidden at:

http://successwithpersonalfinance.blogspot.com/

and

http://moneyhidden.com/

As Featured On Ezine Articles

When a Midget Fortune Teller Escaped Prison, the Newspaper Headline was: Small Medium at Large

People’s problems are either small, medium, or large. The cure is always the same for all sizes. That’s because the size of the problem is an illusion. When it’s your problem and in your face, it’s always large. When it’s someone else’s problem it doesn’t seem so big. It’s like the definition of a recession is when people are out of work but it’s a depression when it’s you that’s out of work.

I’m trying to set some perspective here because the mechanics are all the same. Cut expenses, make more money, get out of debt, build savings. But it’s the emotional side that is really the problem. Why are you not 10 million dollars in debt? No really. Whatever debt you have, you did yourself. But really why not millions? Because you cut yourself off at some point, didn’t you? Somewhere you said, “yikes, that’s enough”. So you do have self control. You are in charge of how much you spend. Circumstances didn’t run away with you. You did what you did and still you used self discipline and self control and basic money management skill. Congratulations.

You just ignored the arithmetic. If you make one pile of money and you spend 2 piles of money, you’ve got to pay back that extra pile, but you can’t because the next one pile has to cover a new 2 piles.

Money is energy. It follows mechanical principles. Do this and that will happen. It’s people that change everything. People are not machines, they are the variables when it comes to money. It’s the people part that you need to know about, more than the money part when you’re dealing with the subject of money. That’s why things don’t work out the way they’re planned. Things aren’t always what they seem.

2 plus 2 equals 2
Two cats plus two birds equals two cats.

My wife had a friend that went to co-dependent group therapy meetings because her boyfriends always walked all over her. My wife told her, “Stop that. Just don’t do that anymore. I don’t get it. Just kick the bum out and stand up for yourself.” Her friend said she can’t. She doesn’t know how. Well eventually, she started to stand up for herself. With practice and new habits, she made a lot of progress. But it’s not easy, because you’re making personality changes when you’re dealing with emotions. People that give financial advice generally miss this point.

So the starting point is to take a good look at how you got yourself where you are. Remember you’re not millions in debt so you do have control. Bad control maybe, but at least you’re in control. So like my wife said, “Stop that”. Don’t do what you did to get yourself in trouble anymore. You can. You might need to learn some new habits but the mechanics of money will take care of itself. Just don’t let the people part run crazy. Just stop it.

The people part of money: I want things. I want it. I want it now. I want lots of it. I want lots of it now. It will make feel good. I want to feel good. I deserve it.

The money part of money: It grows when it’s left alone. It grows more when you add just a little to it. It makes you feel fantastic just to have it. It’s the real security feeling that makes you feel better than having things. It’s the gift to yourself that keeps on giving.

The Plot Against You

The Phone call: “No my wife’s not home. She’s out stimulating the economy”. The economy is built around people getting in debt. When people borrow money from a bank (buying on credit), the bank counts that debt as an asset. They in fact have just printed up their own pile of money because of your signature. Banks make money but not the old fashioned way from the interest they charge, they make money from your signature. That’s why they want you to borrow like crazy because you are manufacturing money for them when you do. They don’t care if it takes a lifetime to pay it back. They made their pile of instant cash when you signed, right out of thin air.

Don’t fall for it. Don’t buy anymore stuff you can’t pay for. Stop it.

Do the mechanical parts of money. Do them in this order: Spend less, make more, build a reserve, pay off your debts, build a savings account, save for retirement. But you have a lot to face before you start that stuff. You have to “Stop it”.

Martin O’Hara writes on business and personal finance related issues. You can learn more by visiting his blogs, Success With Personal Finance and Money Hidden at:

http://successwithpersonalfinance.blogspot.com

and

http://moneyhidden.com

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