MoneyWise


Direct Deposit Into Savings

July 17, 2018

Thinking outside the box is great — unless you’re a cat. Then you’ll probably just want to take a nap in it. In this MoneyWise, we’re thinking outside the box when it comes to managing your finances.

If you direct deposit into your checking account like most folk, what if you switched that to your savings?  Could that just be the kind of creative thinking that helps you manage your money more effectively?

Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If you've loaned your daughters money to purchase their houses, how do they start building a credit score?
  • What are mutual funds work and what's the best way to invest in them?
  • If you have 15 more years to pay off my home along with some other small debt, should you refinance your home and roll those small expenses into the mortgage?

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