1. Income Account 2. Bill Paying Acct 3. Emergency Fund Acct 4. Sinking Fund Acct 5. Personal Spending/Variable Spending Acct (groceries, personal grooming,etc...) 6. Rent Payment Acct- bcz in the past I would be late on my rent so now I have my employer direct deposit a weekly amount so by months end I have my rent money ready...I did this at another bank so I wouldn't touch it... Thank u 4 sharing...your videos are so helpful and informative...God bless and enjoy!!!
I have a Vacation Account, anniversary savings, main Sinking fund account, bill account, home maintenance account, er savings, personal checking account. Now I feel like I need a business account too! I don’t keep all my eggs in one basket. As y’all can tell I like baskets!🤣 This was such a great Video!
We have a Debt Snowball and a Safety Net or overdraft acct. Good tips. I also have the Cap One 360 acct. I will use the idea of a small percentage of our income feeding that acct. We have met the small emergency fund amt of $1,000 but need to build on that. Thanks for your practical content.
I also have a vacation/trip account where I add money for future trips. I only add to this after all other accounts have been increased. This has been really helpful the last two years. I like that you have a small emergency fund account that seems attainable for me. Thank you!
Great video! My husband and I are trying to start saving for a house this year and these accounts will really help us organize our money. I’m also interested in starting a savings account for my son. What and where do you recommend I start? Maybe a video in the near future 😉🤞🏼
I would suggest to keep it in a separate account. We currently have a Long Term Savings and Short Term Savings. Our month ahead is in our short term savings account.
1. Income Account
2. Bill Paying Acct
3. Emergency Fund Acct
4. Sinking Fund Acct
5. Personal Spending/Variable Spending Acct (groceries, personal grooming,etc...)
6. Rent Payment Acct- bcz in the past I would be late on my rent so now I have my employer direct deposit a weekly amount so by months end I have my rent money ready...I did this at another bank so I wouldn't touch it...
Thank u 4 sharing...your videos are so helpful and informative...God bless and enjoy!!!
Love the idea of the rent account and setting up a direct deposit!
@@duanjallow4766 I had to do something bcz the $75 late fee was wrecking havoc on my budget...LOL...
While you are opening a business account, you should also form an LLC which will separate business liabilities from personal liabilities.
I have a Vacation Account, anniversary savings, main Sinking fund account, bill account, home maintenance account, er savings, personal checking account. Now I feel like I need a business account too! I don’t keep all my eggs in one basket. As y’all can tell I like baskets!🤣 This was such a great Video!
We have a Debt Snowball and a Safety Net or overdraft acct. Good tips. I also have the Cap One 360 acct. I will use the idea of a small percentage of our income feeding that acct. We have met the small emergency fund amt of $1,000 but need to build on that. Thanks for your practical content.
I also have a vacation/trip account where I add money for future trips. I only add to this after all other accounts have been increased. This has been really helpful the last two years. I like that you have a small emergency fund account that seems attainable for me. Thank you!
Love your blouse! Thanks so much for the video I look forward to them each day :-)
Sis this is on point! 👍🏼❤️
great video! going to do Ally thank you fave!
She_loves_Planners By Beverly that's where my joint household account is with my partner. I like Ally
Oh ok great thank you
You always have the best advice. Forever subbie!!!❤️❤️❤️
Great video! My husband and I are trying to start saving for a house this year and these accounts will really help us organize our money.
I’m also interested in starting a savings account for my son. What and where do you recommend I start? Maybe a video in the near future 😉🤞🏼
I also have several accounts.. I really helps to keep me organized.
Where did you get the table/desk behind you?
Would you recover these someday please❤️
Off topic. Where did you get the pen storage container behind you?
La'Nessia Carrington it’s from Michaels.
Thank you!
What do u suggest when one is trying to buil one month ahead, must be in an emergency account or separate account
I would suggest to keep it in a separate account. We currently have a Long Term Savings and Short Term Savings. Our month ahead is in our short term savings account.