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Personal Finance Tutorial

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Uploaded by on May 26, 2007

How you can use the tools your bank offers to manage your money without a lot of stress.

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Howto & Style

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Standard YouTube License

  • likes, 4 dislikes

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Uploader Comments (instock21)

  • 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.

  • 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.

  • 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

  • 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.

  • are you feeling ok?

  • Fine, thanks. I'm working on my next video, "Banking Chatter".

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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.

  • 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.

  • some good ideas...thanks

  • lol that was my dad, he sometimes forgets to log out of mine and go to his account :D

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