| Author |
Message |
Tom M
Guest
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 Posted:
Fri Nov 11, 2005 1:02 am Post subject:
Re: Q05 Setup for Daughter? |
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Well, I'm learning!
thanks
--
Tom M
(To reply, remove *deletenospam* from my address)
"Andrew" <andrew@jkl.com> wrote in message
news:TVQcf.11375$oP5.540@fe09.lga...
| Quote: | Tom M wrote:
This credit union of hers is more remarkable the more I study it. ...
.
As I've said in this NG ad nauseum, I don't understand why ANYONE has bank
accounts for personal use at anything other than a community-based Credit
Union.
--
-------------------------------------------------------------
Regards -
- Andrew
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Notan
Guest
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| Posted:
Fri Nov 11, 2005 1:02 am Post subject:
Re: Q05 Setup for Daughter? |
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Tom M wrote:
| Quote: |
Well, I'm learning!
thanks
snip
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Maybe you should teach your daughter about newsgroups... This one,
in particular. Then, *she* could ask questions, rather than relying
completely on you for the answers!
Notan |
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John Pollard
Guest
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| Posted:
Fri Nov 11, 2005 1:02 am Post subject:
Re: Q05 Setup for Daughter? |
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Andrew wrote:
| Quote: |
As I've said in this NG ad nauseum, I don't understand why
ANYONE has
bank accounts for personal use at anything other than a
community-based Credit Union.
|
I have been a member of the country's largest credit union for
over 40 years; they do not show me anything great. They just
have barely acceptable service and slightly higher interest on
deposits and slightly lower interest on loans.
The only reason for the existence of credit unions is the
"special favor" legislation by the federal government which give
tax benefits to credit unions. And the reason for the
relatively recent upsurge in credit union expansion (especially
including those "local" credit unions) is the even more "special
favor" rulings by the courts, which broadly expanded the rules
for counting those who are eligible to be members of credit
unions ... now if you are breathing, you are eligible to be a
member of a credit union with any other member of any species
that is breathing.
I don't have any greater intrinsic love for banks than for
credit unions; but my banks offer me pretty much as good a
service as the credit unions I read about ... and better than
most (much better than my credit union). And I didn't, and
won't, ask for any special favors from the government.
--
John Pollard
First initial underscore Last name at mchsi dot com
Please reply to newsgroup
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Tom M
Guest
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| Posted:
Fri Nov 11, 2005 1:02 am Post subject:
Re: Q05 Setup for Daughter? |
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I can't argue your point, Notan.
I guess that since I'm retired, and she is a single Mom trying to hold down
a job and raise a son (no excuse, as she made her own bed!), I'm trying to
run point for her to at least get something set up for her. She runs from
dawn to well after dusk. As well as I'm trying to find her money management
failures and guide her before the big crash.
I do hope to leave her with some knowledge of NG's and you all as a great
bunch of helpers. You know, it is amazing of how many people I run into
that have never heard of NG.
Thanks...
--
Tom M
(To reply, remove *deletenospam* from my address)
"Notan" <notan@ddress.com> wrote in message
news:4373E2AF.6C7D528@ddress.com...
| Quote: | Tom M wrote:
Well, I'm learning!
thanks
snip
Maybe you should teach your daughter about newsgroups... This one,
in particular. Then, *she* could ask questions, rather than relying
completely on you for the answers!
Notan |
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Notan
Guest
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| Posted:
Fri Nov 11, 2005 7:10 am Post subject:
Re: Q05 Setup for Daughter? |
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Tom M wrote:
| Quote: |
I can't argue your point, Notan.
I guess that since I'm retired, and she is a single Mom trying to hold down
a job and raise a son (no excuse, as she made her own bed!), I'm trying to
run point for her to at least get something set up for her. She runs from
dawn to well after dusk. As well as I'm trying to find her money management
failures and guide her before the big crash.
I do hope to leave her with some knowledge of NG's and you all as a great
bunch of helpers. You know, it is amazing of how many people I run into
that have never heard of NG.
Thanks...
|
It sounds like she's lucky to have you as a father!
Take care!
Notan |
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Andrew DeFaria
Guest
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| Posted:
Fri Nov 11, 2005 7:29 am Post subject:
Re: Q05 Setup for Daughter? |
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Tom M wrote:
| Quote: | Andrew & John,
Thanks to both of you for your thoughts. This old geezer switched from
Managing Your Money in 1999 to Quicken. Back then, the online portion
was, as I recall, minuscule, and had lots of problems,
|
Must be another "senior" moment however I've been using online banking
for all of my checks since at least 1994. I would not define that as
"minuscule".
| Quote: | so I learned to do everything manually and never changed. I have
multiples of each type of accounts; investment, checking, credit, cash
and loan accounts and am sorry about the 'senior' moment and not using
the correct *transfer* terminology. I understand and use the brackets
in the Categories for the transfers etc.
|
No senior moment at all really. You could have easily went back and
looked up the proper terminology before posting. That's what I do!
| Quote: | So where this has evolved, is that for daughters benefit, I have to
climb the learning curve for online use, which I have never done.
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Again, why not simply let her do it for herself. If she's old enough to
have a kid then she's old enough to learn for herself how to manage her
finances.
| Quote: | Downloaded the Users Manual today and reading up. Her credit union
(CU) does have downloading capability for Quicken and I have set that
up. I have also successfully tested my Q05 and was able to make an
online transfer between her checking and saving at that credit union.
Now trying to see if her CU will accept online payments to third
parties and how to set that up.
|
What would an online payment to a non 3rd party look like? :-)
| Quote: | A call to the CU did not get me a firm answer so I emailed their
technical department. 'Used to be that you needed a bunch of routing
numbers etc,
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There's an account number and a routing number. There are not a "bunch"
of routing numbers.
| Quote: | but I know I'm behind the times, so I'm not sure how this is set up.
I'm also a bit nervous messing around with her account. The nice thing
about her CU is that all is free ;-)
A strange thing I haven't figured out yet, is that I downloaded her
separate Discover Card account into Q05 and I don't see any interest
charges anywhere. The exact amount of her checking payment is the
exact amount that is credited by Discover...???
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Many credit card companies do not download finance charges. Utterly
stupid! It's a transaction that occurred on my account didn't it? |
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Andrew DeFaria
Guest
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| Posted:
Fri Nov 11, 2005 7:31 am Post subject:
Re: Q05 Setup for Daughter? |
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John Pollard wrote:
| Quote: | If your financial institution offers billpay (seems to me most do),
there are two ways to use it: at the fi's web site (always available)
or by transmitting instructions from Quicken (which is not Quicken
Billpay). Some fi's do not accept billpay instructions from Quicken,
they require you to initiate billpay from their web site.
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Those financial institutions should be avoided like the plague! |
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Andrew DeFaria
Guest
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| Posted:
Fri Nov 11, 2005 7:36 am Post subject:
Re: Q05 Setup for Daughter? |
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Andrew wrote:
| Quote: | Tom M wrote:
This credit union of hers is more remarkable the more I study it. ...
As I've said in this NG ad nauseum, I don't understand why ANYONE has
bank accounts for personal use at anything other than a
community-based Credit Union.
|
I use a commercial bank because credit unions don't offer the service I
require. |
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Andrew DeFaria
Guest
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| Posted:
Fri Nov 11, 2005 7:40 am Post subject:
Re: Q05 Setup for Daughter? |
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Tom M wrote:
| Quote: | I can't argue your point, Notan. I guess that since I'm retired, and
she is a single Mom trying to hold down a job and raise a son (no
excuse, as she made her own bed!), I'm trying to run point for her to
at least get something set up for her. She runs from dawn to well
after dusk. As well as I'm trying to find her money management
failures and guide her before the big crash. I do hope to leave her
with some knowledge of NG's and you all as a great
bunch of helpers. You know, it is amazing of how many people I run
into that have never heard of NG.
|
If what you say is true that she's that busy she should hire a personal
financial assistant because otherwise she'll never get her finances (or
anything else for that matter) in order. I see she's hired you. I hope
the pay is good! :-) |
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Mike L
Guest
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| Posted:
Fri Nov 11, 2005 7:47 am Post subject:
Re: Q05 Setup for Daughter? |
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On Thu 10 Nov 2005 05:42:54p, Andrew wrote in
news:TVQcf.11375$oP5.540@fe09.lga:
| Quote: | Tom M wrote:
This credit union of hers is more remarkable the more I study it. ...
.
As I've said in this NG ad nauseum, I don't understand why ANYONE has
bank accounts for personal use at anything other than a
community-based Credit Union.
|
They aren't always in the mood to compete. I can't get anywhere near a
4.75% 12 month CD at mine and they only pay 2% on my MM Account currently
(for quite some time). I don't expect to need a loan or mortgage for
years if ever again. Mine pays 0% on my checking account. Their VISA is
good when using different currencies; their ATM card malfunctions more
often than not when out of the country and we have to resort to one from
a bank. I hardly ever bother with free traveler's checks anymore with
ATMs being so ubiquitous. Mine has no plans to support Quicken, EVER in
any form... and they actually charge now if you want overdraft protection
(I declined). I suspect their non-FDIC insurance could be a huge problem
if there were banking problems down the road hitting credit unions in
large numbers -- it probably serves more for buying loyal customers'
false sense of security. But stick with the ad nauseum if it makes you
feel good ;)
--
Mike |
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Mike L
Guest
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| Posted:
Fri Nov 11, 2005 7:52 am Post subject:
Re: Q05 Setup for Daughter? |
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On Thu 10 Nov 2005 06:38:52p, John Pollard wrote in news:wKRcf.535397
$_o.71217@attbi_s71:
| Quote: | I don't have any greater intrinsic love for banks than for
credit unions; but my banks offer me pretty much as good a
service as the credit unions I read about ... and better than
most (much better than my credit union). And I didn't, and
won't, ask for any special favors from the government.
|
My local bank has a great travel club and makes funds available the next
day. They seem to be more involved in the communities they serve.
--
Mike |
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Tom M
Guest
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| Posted:
Fri Nov 11, 2005 8:01 am Post subject:
Re: Q05 Setup for Daughter? |
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Andrew,
My daughter and I certainly appreciate your kind understanding, helpfulness
and consideration of her situation and my knowledge level.
--
Tom M
(To reply, remove *deletenospam* from my address)
"Andrew DeFaria" <Andrew@DeFaria.com> wrote in message
news:4373f425$0$54795$742ec2ed@news.sonic.net...
= No senior moment at all really. You could have easily went back and
| Quote: | looked up the proper terminology before posting. That's what I do!
Again, why not simply let her do it for herself. If she's old enough to
have a kid then she's old enough to learn for herself how to manage her
finances.
There's an account number and a routing number. There are not a "bunch" of
routing numbers.
=
Many credit card companies do not download finance charges. Utterly
stupid! It's a transaction that occurred on my account didn't it? |
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Andrew DeFaria
Guest
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| Posted:
Fri Nov 11, 2005 9:02 am Post subject:
Re: Q05 Setup for Daughter? |
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Tom M wrote:
| Quote: | Andrew,
My daughter and I certainly appreciate your kind understanding,
helpfulness and consideration of her situation and my knowledge level.
|
I doubt that you're being sincere here. I have purposely held back WRT
my consideration of your daughter's situation - and trust me you do not
want to hear what I really think there.
--
After eating, do amphibians have to wait one hour before getting out of
the water? |
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Andrew DeFaria
Guest
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| Posted:
Sat Nov 12, 2005 1:02 am Post subject:
Re: Q05 Setup for Daughter? |
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Andrew wrote:
| Quote: | Andrew (from Andrew):
If I might ask (perhaps this is curious) what 'service' don't they
provide?
|
Well for starters many don't provide online download directly into
Quicken nor bill payment directly from Quicken. Lack of ATMs, lack of
branches, for other reasons.
| Quote: | I am just curious. (If too personal, I know you're not shy in telling
me so!)
|
As you know I am not shy in telling you - what makes you think it would
be too personal? I rarely hide behind a "well that's too personal" excuse"
| Quote: | One item I will say mine doesn't do is safe deposit boxes due to (so
they say), lack of space. |
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Andrew
Guest
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| Posted:
Sat Nov 12, 2005 1:02 am Post subject:
Re: Q05 Setup for Daughter? |
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Andrew DeFaria wrote:
| Quote: | Andrew wrote:
Tom M wrote:
This credit union of hers is more remarkable the more I study it.
...
As I've said in this NG ad nauseum, I don't understand why ANYONE has
bank accounts for personal use at anything other than a
community-based Credit Union.
I use a commercial bank because credit unions don't offer the service
I require.
|
Andrew (from Andrew):
If I might ask (perhaps this is curious) what 'service' don't they provide?
I am just curious. (If too personal, I know you're not shy in telling me
so!) One item I will say mine doesn't do is safe deposit boxes due to (so
they say), lack of space.
--
-------------------------------------------------------------
Regards -
- Andrew |
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