As I sat down to pay my bills this evening, I realized, I forgot to mention that today is Bank Transfer Day! Contrary to common practice, we are not celebrating robing Peter to pay Paul, by transferring your credit card balance from one card to the next.  Although, if you are trying to reduce your debt, transferring your credit balance to a card with less interest is a good way to go. I caution you that most cards have transfer balance fees and sometimes the fee is so high you should just leave things where they are and pay your bill.  If you’ve been a good customer, you may be able to convince the bank to lower your interest rate.  I’m not a certified financial planner, so back to today’s holiday.

In 2011, Kristen Christian started a campaign urging people to transfer their banking business from “Big Banks” to Credit Unions. Her protest was ignited by the growing amount of maintenance fees being charged by “Big Banks.”  Credit Unions have plenty of benefits, however, Credit Unions are like exclusive clubs you can only join based on where you work, live, and the associations with which you’re affiliated. If you have a family member that loves you or a friend that likes you a lot, they can open an account for you. Celebrate today by examining your banking relationship.  If it’s time for you to take your business elsewhere, find the Credit Union best for you, move your money, and…

HOLIDAY ON MY FRIENDS!!!