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How Do Banks Make Money? The Importance of Earning Interest on Your Savings

Think about the last time that you signed up for a bank account. What made you choose that bank? They probably offered you a free checking account or a free cooler or a sweet gift card as part of the deal (and who doesn’t love free things).

But if banks are offering free checking accounts, giving prizes away, and giving some percentage rates of return to your hard-earned savings, how are they making money? Aren’t they just there to keep track of your cash and ensure that it stays safe?

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Everything You Need to Know About Hoarding Money

While hoarding money is not really a common phenomenon, it does happen from time to time. Nine times out of ten, distrust, paranoia, and fear are the motivating factors for individuals who willfully chose to hoard cash.

An Overview of Paranoia and Money

Reports from Money Instructor affirm that the decision to hoard money is often indicative of mental health ailments such as obsessive-compulsive disorder. There's nothing wrong with building …

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Should You Keep All Your Money in the Bank?

Money Management is critical for financial success in this day and age, even for the most light-hearted events like Halloween. A key aspect of money management involves knowing where to keep your funds. Although people have traditionally held their money in banks, more and more people are beginning to question this. People want to feel more secure about their money. For example, if you receive a payday loan in …

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