Can I use Paypal as a "savings account" (MANUALLY transfer money from my bank account) every month and save up enough money to buy a big-ticket item?
Cons? Fees? Ethics?
>>17233233
Why would you do this? Why would it be unethical?
It's just pointless.
>>17233233
it's just dumb because you don't earn any interest off of it, it's the same as stuffing cash under your mattress
Yes, but it's a waste compared to just using an interest-bearing savings account.
Also if the big-ticket item is an apple product, consider instead using your entire next paycheck to invest in the most effective suicide method available.
>>17233252
I'm asking because my bank has fees associated with a savings account. Minimum balance, withdrawal fees, maintenance fees.
This will probably be a one-time purchase for now and just want to keep some money stashed I can't easily use with my debit card.
>>17233270
There are a million banks that offer checkings and savings accounts with nothing but a $100 min balance to avoid a fee.
If you pay a "maintenance fee" then you're retarded.
There is literally no benefit to doing what you describe, only drawbacks. But hey, it's your money.
