IT’S TIME TO DIVERSIFY YOUR BANKING!
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.
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.
TAKE A VACATION! AND OTHER THINGS YOU CAN DO WHEN SEEKING INJURY COMPENSATION
When you are seeking compensation for an injury, you may struggle with what you can and cannot do. An attorney will likely warn you to stay off social media, refrain from talking to anyone you don’t recognize, and avoid sharing details of your case with anyone outside of your immediate family.
how long, and what you do. Insurance adjusters will scour your social media and all actions. If you do something that counteracts the claim you’re making, they may be able to use that to allege that your injury isn’t as bad as you say it is. For example, don’t get caught skiing when you claim to have knee trouble. Stick to local, short road trips instead.
cover some expenses. Note that the income from this second job may get factored into your workers’ compensation payout.
Household Tasks
You are allowed to do whatever you want in your own home. If you want to start a garden, then start a garden! Invite the grandchildren over for a play date or start restoring old furniture. Whatever it is you want to do at home, just be mindful that insurance companies could be monitoring what you do via social media. And be careful to not exacerbate your injury. Only do work approved by your doctor. If you have further questions about what you can do while seeking injury compensation, please call the Law Offices of William F. Underwood, III, P.C. today.
So, can you still live your life?
Get a Job
Yes! An injury as the result of someone else’s negligence should not cost you your lifestyle. Here are three things you can still do when seeking personal injury or workers’ compensation.
Money may be tight right now, and you could use all the help you can get. Why not pick up another job? This is a sound idea — but be cautious. You can’t work at your current job while receiving workers’ compensation benefits, but you can secure a second, less-demanding job. For example, if you were injured while doing factory work, a filing job can be less strenuous and help
Take a Vacation
There may be no greater need to take a relaxing vacation than after an injury. However, be wary of where you go, for
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