A lot of my childhood was spent with my grandfather, and during our travels around town we’d often find ourselves at a bank. He explained the FDIC to me at a young age, how each bank only insures a certain amount of money (a quarter million), and that’s why he needed all these bank accounts. He had banks all over town, and I didn’t mind going because I got a sucker with every visit, and he would usually pick up some kind of knick-knack that the bank was giving away. His home was filled with all kinds of bank goodies: Hibernia magnets, Whitney plastic coin purses, a kitchen drawer full of rubber jar openers emblazoned with the Dryades owl, even a toothbrush tube squeezer which I always envied. I recently realized that my grandfather did NOT have so much money that he needed multiple bank accounts; he just liked opening accounts for the free stuff.
I can’t wait ‘til I retire to do the same thing.
posted 1 week ago