Actions

  Print Article
  BookMark Article

Author Login    Author Login

Important
Existing members will have to use the lost password facility to get new username and new password

Welcome Guest! Please login or create an account.

Username:

Password:



If you do not have an account yet, you can register ( Here ), or you may retrieve a lost user/pass ( Here ).

Navigation    Navigation

   10 newest articles RSS

Author Highlights    Featured Author

danny Iskandar
Palembang

View My Bio & Articles


Nicholas Lim
Sungai Buloh

View My Bio & Articles


James Hicks
Chelsea

View My Bio & Articles


Other Websites    Websites of Interest

Why I Must Have Second Checking Account

Author : Abaccus Nerk


It is payday. The money is deposited into your account and now the considering begins. Which bills are coming try this want paying? How a lot do you need? What's left over? Is there going to be any left over to save lots of? I wonder how many individuals have struggled with this problem.

Like many, I used to have this drawback and spent years doing mental math to determine how a lot of the money in my account was mine to spend. Then as I neared the end of my faculty days I obtained really interested within the area of non-public finance. By this time in my life I had racked up some substantial debt - debt that I'm still working to pay off - and had bills owed to many different companies. To say the least, it was stressful.

One of the books I read was David Bach's Computerized Millionaire. His ideas have been good. One of which was automate your funds to scale back stress. I took his recommendation and set up my payments to be paid mechanically from my checking account. This removed some stress, however not all.

Then the thought hit me. I knew how many bills I had and how a lot I used to be going to owe complete every month. It was then that I opened my second checking account. Now on payday my paycheck is direct deposited into my main checking account. A minute latter, due to an automated financial institution transfer, my second checking account gets funded. Since I receives a commission twice a month, half of the whole that I need to cowl my bills is transferred each payday.

The stress that has been relieved ever since has been tremendous. Now I know that the cash needed to pay my bills is in my account ready for the time, because of David Bach's thought to automate payments, that they get paid... they are automatically.

The most effective a part of all is that since all the money I need to pay my payments is removed from my foremost account all the cash that's left is free to spend. No more psychological math to verify an evening on the town doesn't blow away the cash wanted for the cellphone bill, or worse, the rent.

A couple of minutes to set up a second bank account was all it took to clear my head and begin the process of automating my finances.


Author's Resource Box

Read here for extra information related to financial stimulus package.

Article Source:
Articlebliss

Tags:   second chance checking account, open checking account, online checking account

Author RSS Feed   Author RSS Feed     Category RSS Feed   Category RSS Feed


 

  Rate This Article
Badly Written Offensive Content Spam
Bad Author Links Mis-spellings Bad Formatting
Bad Author Photo Good Article!
 

 

 

 

Submitted : 2010-10-15    Word Count : 435    Times Viewed: 354