Saturday, June 27, 2009

What is your money doing?

I'm pretty sure I want to get my master's degree in social work a few years from now. I've started saving money for tuition. Given that, I realized that it not only felt bad to leave my money sitting in a checking account with a huge multinational bank, but it made no sense.

So I started shopping for an ethical bank, and I've decided to open an account with ShoreBank. I'm satisfied with the ways it invests my money - small business loans in poor neighborhoods and environmental projects rather than giant corporations. And because their online savings accounts require so little overhead for them, the rate is quite good - much better than any account my old bank offered.

Are you happy with where your money is? You might read check out socially responsible investing and this list of socially responsible banks and credit unions.

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