Here's why you should take 5 minutes to set up daily bank account alerts today. (via CNBCMakeIt)
is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 13 of 30.
If your heart raced the last time you checked your bank account balance or you avoided looking at last month's credit card statement for days after receiving it, you're not alone. It's so common to avoid looking at potentially bad money information thatfor it: The Ostrich effect, referring to the myth that ostriches stick their heads in the sand to avoid unpleasantness.
But knowing where your money stands, including how much you spend and what your checking account balance is, can prevent possible problems, such asToday, set up daily balance alerts for your checking account and credit cards. You can do this by logging in to your account and navigating to the Alerts section. Typically, you'll be able to pick between email and text notifications. You should select whichever you're more likely to see on a given day..
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