Personal Finance Tutorial
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Uploader Comments (instock21)
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All Comments (9)
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why not create an LLC or corporation for each checking account while you are at it. Too complex. just dont spend more that you make. easy.
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actually if you do it right you only need 1 checking account.
and if you know what you are doing you put everyting on your card an pay your card in full when it is due.
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some good ideas...thanks
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lol that was my dad, he sometimes forgets to log out of mine and go to his account :D
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The basic idea is ok, just crazy to have more checking accounts to balance, after all if you can't do a written budget every month, what makes you think you are going to balance 10 checking accounts.
YES a different account for your business/rental property is a necessity. This is the only sane thing to do, that makes it easy to find out if you are making money or not.
13cats13 3 years ago
Reconciling?? I'm showing you the lazy man's way to do it. There is no reconciling! :)
And I'll admit that 10 is a bit much.
instock21 3 years ago
I liked your idea about setting up multiple checking accounts for different rental properties and what not, however what are your feelings/ideas about having to reconcile all of these accounts. also, what do you think about disabling the "visa" feature on a debit card-that way you would only be able to withdraw cash from ATMs and not swipe your card that is ,respectively, linked to your checking acocunt
MyUTubeUSRNME 3 years ago
Reconciling?? I'm showing you the lazy man's way to do it. There is no reconciling! :)
I wouldn't yell at you if you disable the Visa feature. But, I personally use my visa check card for practically everything I buy. I should do a video on the pros and cons of cash/check card/credit card/check/electronic payment.
instock21 3 years ago
are you feeling ok?
caputnick67 4 years ago
Fine, thanks. I'm working on my next video, "Banking Chatter".
instock21 4 years ago