mer on the Water? FE BOATING TRIP
a boat if you have experience and a boating license, as “operator inexperience” is another leading cause of crashes.
2. Drink responsibly. Just as you shouldn’t drink and drive on land, you shouldn’t do it on the water either! If you’re boating with friends, make sure someone sober is available to steer you home. 3. Inspect your boat. According to the Coast Guard, “inadequate onboard navigation lights” are another top cause of crashes. Before you leave the dock, test your boat’s lights to keep everyone safe, especially if you’ll be out after dark.
5 Reasons Not to Keep All of Your Money in One Place IT’S TIME TO DIVERSIFY YOUR BANKING!
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You’ve probably heard the expression, “Don’t put all of your eggs in one basket.” But what about “Don’t put all of your dollars in one bank”? Banking at a single institution is the default for most people, but just because something is the typical strategy doesn’t mean it’s the best one for you! Here are five reasons to consider taking the road less traveled. 1. Different banks have different perks. Credit unions are member-run nonprofits and often don’t have minimum balance requirements. Traditional banks have cutting-edge financial technology and more loan options. Some banks offer high-yield checking accounts while others don’t, and online banks can have interest rates on savings accounts up to 15 times higher than brick- and-mortars. By banking with more than one institution, you can get the best of both (or three!) worlds. 2. You’ll have a backup if one bank fails. According to Bankrate, 511 U.S. banks failed between 2009 and 2020. That’s not nothing! If your bank isn’t insured by the Federal Deposit Insurance Corp (FDIC) and it fails, you could lose your entire balance, so diversifying your accounts (or choosing only FDIC-insured banks) is a good backup measure. 3. You can make sure ALL of your money is insured. The FDIC only covers up to $250,000 per depositor, per bank. So, if you have high- value accounts, depositing with multiple banks can ensure all of your money is covered. 4. The more accounts you have, the more withdrawals you can make penalty-free. Many money market and savings accounts have limits on how many times you can pull money out each month. If you bank with several institutions, you can make a few withdrawals from each of them, stay under the limits, and avoid fees. 5. You’ll have access to more banks and ATMs. Do you travel across your city, state, or the country regularly? If you do, it can be beneficial to bank with several institutions so you’re always close to an ATM or bank branch. For example, you may want to use a local credit union at home for the member benefits but bank with a national bank for out-of- state emergencies.
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• Motor Vehicle Accidents • Wrongful Death
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