Hey, it's Krista. I recently completed the Pacific Crest Trail and let me tell you, it was quite the physical and mental challenge. But looking back, it was also one of the most rewarding experiences of my life. During my conversation with Justin Peters from The Struggle Is Real Podcast, we dive into everything from the logistics of backpacking to how to set yourself up financially in order to do something like this.

We also discuss:

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You know what we hate? Fees.

Banking fees can quickly erode your hard earned savings but most of them are avoidable.

In this episode, we discuss the common banking fees: what they are, how much they cost, and strategies for avoiding them.

Show Notes:

[4:44] The cost of banking fees

[7:14] Overdraft fees

[19:15] ATM fees

[25:59] Monthly maintenance fees

[33:19] Script for negotiating fees

Mentions:

I Will Teach You to Be Rich by Ramit Sethi

Ramit's Negotiation Scripts

More of Ready to Roth:

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In part 2 of choosing a bank that fits your lifestyle, we dive into specific features that are must-haves for modern banking, as well as tech tools that you might not know you have access to (or want to make sure you have in your next bank). Tune in for a discussion around what items to consider based on your personal needs.

Show Notes:

[2:09] Local vs. national bank and important of location

[6:45] Krista and Justin favorite banking features

[10:10] Banking features checklist

[16:30] Options for banking alerts including ATM alerts

[20:00] Advantages of card locking and card control features

[23:26] Online dashboards, savings buckets, and budgeting tools

[26:51] Free professional services and other products that your bank might offer

Mentions:

Ally Savings Boosters

More of Ready to Roth:

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What does your lifestyle have to do with how you bank? Are there certain must-have features that you should always have in a bank? How about nice-to-haves? In today’s episode of our Personal Banking tour, we dive into how to choose a bank based on the structure of the bank itself and the specific features and tools that fit your lifestyle.

Show Notes:

[1:59] What does lifestyle have to do with banking?

[4:45] Convenience and online vs. in-person support

[9:47] What about cash if you have an online bank?

[13:25] One-stop-shop banking if you need multiple products

[15:23] Credit Unions vs. Bank interest rates

[19:03] FDIC and NCUSIF Insurance and Credit Union Locator

Mentions:

Ally Bank Chat Support

alt-J U&ME

60 Songs that explain the 90s

More of Ready to Roth:

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What bank accounts do you need? What’s the difference between checking, savings, CDs, and money market accounts? Do you REALLY need all of them? These are the questions that we explore in today’s episode of our Personal Banking tour.

In this episode we dive into the main bank account types, their similarities and differences, and which ones you want to make sure you have. We also discuss our own personal bank account set ups and how we might change or optimize them based on what we’ve learned.

Show Notes:

[5:12] Account types and checking vs savings

[7:31] Justin’s personal banking strategy

[9:06] Krista’s personal banking strategy and balancing issues

[13:58] Money market and CDs

[15:20] High Yield Savings Account

[21:24] Should your checking and savings accounts be with different banks?

Mentions:

8 Best High-Yield Online Savings Accounts of February 2022 (nerdwallet)

I Will Teach You to Be Rich by Ramit Sethi

More of Ready to Roth:

Show Notes: readytoroth.com

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What are the different kinds of banks I could use? What might be the right bank for me? How do banks even make money? These are all questions that we will be exploring in today’s episode and our upcoming Personal Banking tour.

In today’s episode, we discuss foundational concepts including the 3 major types of banks you might want to consider, how we choose our banks (I’m guessing not too different from you), and what you can expect from the rest of this tour – do you want to avoid fees?

We are excited to introduce you to Ready to Roth and help you feel more confident about your banking decisions.

Show Notes:

[2:27] What is a bank?

[3:25] Different kinds of banks - traditional, online, credit union: What is a Bank (Investopedia)

[4:24] Intro to Credit Unions  Credit Unions (Investopedia)

[6:11] Krista and Justin’s current banks and why they chose them

[10:35] What to expect from this tour

[12:20] Who should listen to this tour

[13:30] Banks are for-profit institutions

Mentions:

How do banks make money? Check out: Analyzing a bank's financial statements

More of Ready to Roth:

Show Notes: readytoroth.com

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Meet Krista Edwards and Justin Peters who are friends that bonded over their mutual money nerdiness and love of music. 

Subscribe now so you don’t miss an episode!

For more info check out www.readytoroth.com