Checking and Savings 101 - (Bank Accounts 1/2)

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  • เผยแพร่เมื่อ 24 ม.ค. 2025

ความคิดเห็น • 145

  • @Alexedmartin
    @Alexedmartin ปีที่แล้ว +51

    No doubts , A good way of growing and saving your money is through investing . You don't need to have much before you can invest. "That little money you have now can make you millions if you invest it wisely". I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made.

    • @eadad4371
      @eadad4371 ปีที่แล้ว

      Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated

    • @Alexedmartin
      @Alexedmartin ปีที่แล้ว +1

      @@eadad4371 I recommend the services of Regina Louise Collaro, a US based financial advisor and consultant. She works with an international organization ,she has been very good to my financial journey as she is providing full & continues support till my financial goals has achieved.Finding a right financial consultant is as important as finding a right life partner, as they both play a make or break circumstances in your life. I am very happy that i have the right financial consultant, it has helped me in achieving my financial goals from education to nearly retirement.

    • @eadad4371
      @eadad4371 ปีที่แล้ว

      @@Alexedmartin That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?

    • @Alexedmartin
      @Alexedmartin ปีที่แล้ว

      @@eadad4371 look her up on the internet and leave her a message she's quite popular for her services as she was recently featured on cnn. She can work with anyone irrespective of where their located

    • @atmcgee2067
      @atmcgee2067 ปีที่แล้ว

      Yea, 100 your not funk in test uh? I am just started. U know about Sweep all in one to acct. Yes?

  • @Skylinebze10
    @Skylinebze10 ปีที่แล้ว +14

    This video helps me more than any of my teachers

    • @TheFrontman2015
      @TheFrontman2015 9 หลายเดือนก่อน

      This video helped me more than my own mom 💯

  • @lidafubara6694
    @lidafubara6694 11 หลายเดือนก่อน +6

    this video was so amazing and very detailed with beautiful animations to depict what you explained. thanks

    • @moneycoachio
      @moneycoachio  4 หลายเดือนก่อน

      You're very welcome!

  • @somebody5931
    @somebody5931 5 ปีที่แล้ว +107

    wow that explained everything i needed to know in under two minutes

  • @carlospomares3225
    @carlospomares3225 ปีที่แล้ว +3

    Thank you, I understand the difference now!

  • @zilber27
    @zilber27 3 หลายเดือนก่อน

    Thanks from Brazil

  • @Eccentric-YURR
    @Eccentric-YURR 5 ปีที่แล้ว +15

    0:59 By withdrawals do you mean, you can use it to purchase items?

    • @tieramenefee2628
      @tieramenefee2628 4 ปีที่แล้ว +1

      Basically, that’s money you take out of your account

    • @dregotdabag7797
      @dregotdabag7797 4 ปีที่แล้ว +2

      You can’t purchase items with a savings account, but you can withdraw (take out) money from an atm or transfer it to a checking account which you can use a debit card to buy whatever you want. After 6 withdrawals from your savings you’ll have to pay a fee.

    • @reverselee3218
      @reverselee3218 4 ปีที่แล้ว +4

      No, he means using it to withdraw cash from an ATM. Savings accounts can't be used to purchase items because they don't come with debit cards or checks.

    • @Mini-bg1ny
      @Mini-bg1ny 3 ปีที่แล้ว +1

      Oh

    • @Mini-bg1ny
      @Mini-bg1ny 3 ปีที่แล้ว +1

      Hmmm

  • @atmcgee2067
    @atmcgee2067 ปีที่แล้ว

    Hey what up I am here what the tool for learning app dysfunctions in AR instead of school? Loam I'm not playing in tool just started.

  • @toadamine
    @toadamine 8 หลายเดือนก่อน +1

    But why not just use cash amd keep it in a safe or whatnot? Why am I paying a bank to hold ot for me and steal some of it?

    • @PeterPancaked
      @PeterPancaked 12 วันที่ผ่านมา

      I'm not an expert on this topic as I've only taken a macroeconomics class for a single semester, but I believe it has to do with inflation.
      If you keep your money in a safe for a long time, the dollar will, inevitably, keep inflating, and that money will have less purchasing power when you take it out than it did when you put it in.
      The general rule with inflation is that it favors borrowers (you) over lenders (banks) because over time, the dollar amount the bank lends you will decrease in value, and the dollar amount you pay back to the bank, while nominally being the same amount, will be Inflated and, thus, worth less.

  • @thegreatdenzzy8131
    @thegreatdenzzy8131 4 หลายเดือนก่อน

    Thank you so much

  • @AjLuvU
    @AjLuvU ปีที่แล้ว +2

    so checking account is current account? wth so confusing

  • @adcreali
    @adcreali 4 ปีที่แล้ว +248

    who else is here because of online school 😒

    • @mrbadbanfanman9027
      @mrbadbanfanman9027 4 ปีที่แล้ว +4

      Roblox_ Clips lmfao yeah

    • @gothiccgutz3274
      @gothiccgutz3274 4 ปีที่แล้ว +2

      Me 😔✌🏼

    • @carolinabotello9390
      @carolinabotello9390 4 ปีที่แล้ว

      iiPeachyOrangeii me😂

    • @pilotsun3474
      @pilotsun3474 4 ปีที่แล้ว +1

      That would be me, and I say that this would be great for online classes

    • @junkyubaby4169
      @junkyubaby4169 4 ปีที่แล้ว +1

      Omg someone like me🥺 give five man

  • @RoxxieDymond
    @RoxxieDymond 7 ปีที่แล้ว +21

    thank you so much for this. It really helped :)

  • @charleannobleza8633
    @charleannobleza8633 4 ปีที่แล้ว +12

    This is the exact video that I need! thank you so much!

  • @jhonnycultura4455
    @jhonnycultura4455 5 ปีที่แล้ว +16

    whats more usefull saving or checking? for a college student

    • @dregotdabag7797
      @dregotdabag7797 4 ปีที่แล้ว +1

      Both🧐

    • @reverselee3218
      @reverselee3218 4 ปีที่แล้ว +4

      Checking because it allows you to use the account for many things you may currently need. Savings is really only good if you want to put money away and rarely access it.

    • @Risklander
      @Risklander 4 ปีที่แล้ว

      Checking!!!

    • @oOmitchiOo
      @oOmitchiOo 2 ปีที่แล้ว +2

      Both. Checking account is where you put your money for SPENDING (expenses, monthly allowance, etc) due to unlimited access. Savings account is where you put your SAVINGS or emergency fund.

    • @joshuamartinez7409
      @joshuamartinez7409 ปีที่แล้ว +1

      @@oOmitchiOoWhat if i have a balance less than $100 in my checking account? Do you think my bank will call me to see if i want to close it or will they nudge me to add more funds until i get to $100?

  • @BeesolamiDerinsola
    @BeesolamiDerinsola ปีที่แล้ว

    Good

  • @slikeschocolate
    @slikeschocolate 3 ปีที่แล้ว +10

    why dont they teach this shit in school

  • @jeremyn3412
    @jeremyn3412 4 ปีที่แล้ว +3

    Wait how do u fund ur savings account? Do u pay it as a bill from your checking/debit?

    • @oOmitchiOo
      @oOmitchiOo 2 ปีที่แล้ว

      From your salary (20%) at least and from your return of investments. Or you can roll over your ROI into other investments.

  • @Honestlylovely
    @Honestlylovely ปีที่แล้ว +1

    My credit bad

  • @RebelScumJack
    @RebelScumJack ปีที่แล้ว +2

    Thanks for the useful info!
    Godspeed and God bless!

  • @georgewilson2754
    @georgewilson2754 3 ปีที่แล้ว +44

    This is a Nice video.... So inspiring but do anyone knows about expert Mrs Alice. Mrs Alice is legit and her method works like magic I keep on earning every single week with her new strategy

    • @taganrose6682
      @taganrose6682 3 ปีที่แล้ว

      Wow I' m just shock someone mentioned expert Mrs Alice I thought I' m the only one trading with her

    • @taganrose6682
      @taganrose6682 3 ปีที่แล้ว

      She helped me recover what I lost trying to trade my self

    • @rosemarystanton6061
      @rosemarystanton6061 3 ปีที่แล้ว

      Thanks for introducing me to Alice

    • @rosemarystanton6061
      @rosemarystanton6061 3 ปีที่แล้ว

      My first investment with Mrs Alice gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

    • @jeffreybarry2056
      @jeffreybarry2056 3 ปีที่แล้ว

      Yes I'm also a living testimony of expert Mrs Alice

  • @KalebLFC
    @KalebLFC 2 ปีที่แล้ว +1

    Thank you for explaining this simply. This video was short and very easy to understand

  • @mrbadbanfanman9027
    @mrbadbanfanman9027 4 ปีที่แล้ว

    7

  • @MohdNorhisham-jk4fz
    @MohdNorhisham-jk4fz 6 หลายเดือนก่อน

    Epa

  • @MohdNorhisham-jk4fz
    @MohdNorhisham-jk4fz 6 หลายเดือนก่อน

    Sepupu aku arwah Razak

  • @miriamberry216
    @miriamberry216 2 ปีที่แล้ว +9

    my mom is too lazy to help me thanks.

  • @Lilylightbourn
    @Lilylightbourn 3 ปีที่แล้ว

    can you guys make more vidoes? i love your channel!

  • @gindrezaragosa3394
    @gindrezaragosa3394 ปีที่แล้ว

    STRIKE!!

  • @jessicaallen9006
    @jessicaallen9006 3 ปีที่แล้ว +12

    Mr Charles Patrick is the best, recommending him to all beginners who wants to recover losses like I did

    • @junedwayne873
      @junedwayne873 3 ปีที่แล้ว

      Trading with Mr Charles Patrick was never a regret to me, All thanks to him, he is the best I have ever seen

    • @user-sx6cg6hl9j
      @user-sx6cg6hl9j 3 ปีที่แล้ว

      My personal portfolio/investment manager; Mr Charles Patrick, after a whole week of research,he runs an investment platform where you don't have to undergo any stress in the trades, he manages my trading account which i opened with a capital of $3000 and now i have grown my portfolio up to over $21,500, a huge success

    • @telegramusername9571
      @telegramusername9571 3 ปีที่แล้ว

      @Magret Kate How can one reach an expert in trading,cos I have lost alot of money trading with a wrong trader.

    • @user-sx6cg6hl9j
      @user-sx6cg6hl9j 3 ปีที่แล้ว

      + 1 ••• (9 1 8). •••• 3. 1 9 •••• 9 1 3 4

    • @user-sx6cg6hl9j
      @user-sx6cg6hl9j 3 ปีที่แล้ว

      @@telegramusername9571 Text him directly whats appk
      Please let him know you were referred by one of his client

  • @josephdennyy3104
    @josephdennyy3104 2 ปีที่แล้ว

    Thanks for sharing this marvelous video. I'm very pleased to watch this video. It is so useful and helpful.

  • @khalilhouston6816
    @khalilhouston6816 2 ปีที่แล้ว

    this is pretty good info acually

  • @gabrielbond6378
    @gabrielbond6378 2 ปีที่แล้ว

    I will forever be indebted to you? Mrs Loice Martha you’ve changed my whole life I’ll
    continue to preach about your name for the world to hear you’ve saved me from a huge
    financial debt with just little investment thanks so much ma_am.

  • @razmarazma7413
    @razmarazma7413 2 ปีที่แล้ว

    Who else is here because of gunna

  • @wolfie_girl5888
    @wolfie_girl5888 4 ปีที่แล้ว

    me

  • @atombomb6230
    @atombomb6230 4 ปีที่แล้ว +1

    Anyone here from mr adams?

  • @nickritchie15
    @nickritchie15 4 ปีที่แล้ว +1

    Mr cambaris

  • @bradygomne4736
    @bradygomne4736 4 ปีที่แล้ว

    Smh

  • @achgamer7045
    @achgamer7045 3 ปีที่แล้ว

    great content