Free Family Finance

In response to looming ‘financial reform’, banks are continuing to find new and creative ways to jack their customers.

Bank of America is leading the way by charging $9 per month for paper statements!

For now, the $8.95 monthly fee applies to just one type of account, and only in Georgia. But B of A plans to roll out the product in other markets soon as a replacement for its popular student checking account, which has no monthly fees when opened online.

This is disheartening. We all know B of A can screw their customers much more rapidly than the Federal Government can sluggishly stumble over attempts to block them.

Grrr

Here at fff, we touch on politics ‘fiscal responsibility’ from time-to-time. I wanted to share this interesting commentary by Bruce Yandle, former Executive Director of the Federal Trade Commission. Yandle discusses his theory on regulation in America. As one who tries to be an informed consumer, I was intrigued by his thoughts.

Tomorrow is Taxation Armageddon. I’m sure you have everything under control….ehh….so while you have every financial document known to man out on your desk, you might as well accomplish one more important task.

You may be like me and be a financial rat pack. Or you may be the opposite and shred everything in site. But if you are searching for a balance of which financial documents to keep and how long to keep them, Dave Ramsey has recently published a few helpful suggestions.

Essentially, you divide everything up into a few categories:

• The 1-3 Month Pile
• The 1 Year Pile
• The 7 Year Pile
• The Forever Pile
• The Trash Pile

Click here to find what goes where.

article | Organizing Your Important Documents.