We're back with episode 9 of the DONESON podcast and here to help you navigate your way through the banking system. At first glance, society tells us that the bank is the place to put your hard-earned cash but after a little research, we find out that there's so much more to it. Taking the time to learn about how the banks profit from your missed payments and lack of knowledge about the system, can really change your bottom line. When it comes to banking, it's about doing the research and seeing what works best for you. Because the bank is the place to keep your money to pay your bills, not the place to grow your cash flow. They earn their money through interest, service charges and more. But if you work to have that perfect credit score, then you'll be using the banking system for its benefits and not watching your savings line the bank's pockets.
