Minding our own account

When we were kids growing up, our parents saved with only one bank. Their loyalty was appreciated and rewarded, and they felt their money was secure. They trusted their bank, and didn't have to think too much about their account or how it was being managed.

Today in Australia things are different. The interest rate on many savings account is extremely low. Various fees are charged. Withdrawals are limited. Branches are closing. And some financial institutions have collapsed due to bad corporate practices.

It is a worrying time for many. But an approach that we're finding helpful is to be good managers of what financial resources we do have. That means staying alert to financial trends: taking an interest in what we have and what's happening to it. We periodically make a comparison check of the various institutions and what they're offering. We've even changed banks several times.

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Testimony of Healing
I was healed of chest pains
November 4, 2002

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