The 7 Bank Accounts Every Family Should Have! (no, really)

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Enjoy this viral principle from my budgetbootcamp.com/ program!
Have you ever considered the fact that having only 1 savings account and 1 checking account is actually COSTING you more money and hassle? The more you have, the more you save! This method has not only been proven by us, but by thousands of Freebs who have used my principle over the years and have gotten out of debt, and gotten a way better handle on their finances!
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I'm a blogger at funcheaporfree.com/. My husband Bubba and I have (soon to be) 6 kids in 8 years and live in Utah. I'm all about family, budgeting, frugal living, productivity and organization, and fun! You might have seen me on TLC, The Today Show, Rachael Ray, Good Morning America, Inside Edition, and more. I have two programs, a super fun budgeting program called Budget Boot Camp (bit.ly/1PWZZXb) and my brand new program, Productivity Boot Camp (bit.ly/2ILSGTn)!!
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14 июл 2024

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Комментарии : 1 тыс.

@MissEricaBarnes 5 лет назад

1) Family Savings: 10%. Short term, 3 month emergency fund, unexpected expenses, pre-planned expenses 2) Emergency Savings: 10%. Last Option Emergency Fun. 6-12 month Emergency fund. 3) Health Savings Account. 4) Family Checking: Direct Deposit goes here. Bills paid from here. 5) Personal Individual Saving Account 1 6) Personal Individual Saving Account 2 7) Slush Fund: Fun Money

@michellereneelifecoach8624 Год назад

Thank you 😊

@Ani-ec3sx Год назад

Thank you!

@CindaMurphyRealEstate 9 месяцев назад

Thank you!

@vinucete 5 лет назад

This is a great advice, but for some people it can seem daunting. So, disclaimer: First go take Financial Peace University, so you can wrap your head around living on less than what you make. Later, you can try this great advice. It took me a year and a half to be in the mental and financial state to be able to separate my money like this. Single woman here, by the way, I’ve been in the USA for almost 5 years. No inheritance, no mommy&daddy paying for anything, no lottery, nothing. I came from a third world country that’s collapsing (Venezuela) and English is not my first language, I didn’t even know all the coins and all the bills in 2014. So, if I can do it, you can do it!

@michellesmith4975 5 лет назад

I am currently in FPU now. Such a good class! Wise Words Virginia!

@morgan4474 5 лет назад

Great advice, Virginia. Your story is inspirational. The Total Money Makeover by Dave Ramsey is such an easy read that I also think it's a great place to start.

@alyssalaycock7108 5 лет назад

I only have 3 accounts, but I have 7 cash envelopes based on the Dave Ramsey program! My Accounts are: Electronic Bills (ie. Rent that can’t be paid any other way than B-Pay, it’s also where my pay goes). Emergency Funds. And Savings (which is the account that my debt snowball used to come out of). (I live in Australia so I don’t need health accounts though).

@angelsplace9540 4 года назад

way to go! Thank you for your inspirational story.

@shelteromata8765 4 года назад

I took a screenshot of this comment to motivate myself.

@MISSPHOTOGENICBABY 4 года назад

I’m single with no kids and I have 8 accounts, this really does help!

@jordanpagecompany 4 года назад

It really does!

@Lovelycat563 3 года назад

How?

@lordmeric3180 3 года назад

@@Lovelycat563 their not gonna tell you

@TheKrystolMethod 3 года назад

Which ones are they? Im single with no kids too.

@CS-er9xv 3 года назад

@@TheKrystolMethod I have 7 accounts too: Family Checking - bills and groceries My Checking - 10% paycheck Husband's Checking - 10% paycheck Emergency Savings - 10% paycheck Son #1 College Fund - $50/paycheck Son #2 College Fund - $50/paycheck Family Savings - for every transaction from Family Checking, a dollar is automatically sent here. All tax returns go here also - also, if there is leftover money in Family Checking at the end of the month, we split it between me and my husband's accounts to pay off student loans and other debts

@Elizabeth-uj8vn 4 года назад

I created new accounts for both of my kids when they became teens. I gave them their debit cards and showed them how to manage their finances. A year and half later they’re both financially responsible! They both work and save money. My son is frugal lol. My daughter tends to spend a little more but I would bring it up and she would get back on budget again. So the moral of the story is it’s important to show your kids from very young age about budgets. Wish someone would’ve done that for me.

@LoveAlwaysLaDay 5 лет назад

Ma'am! You are out here SAVING marriages with this advice! Everyone knows that money is the #1 cause of divorce. Great way to separate money and still have transparency! Especially for couples who have different ideas about money! Thanks for being so creative and thinking outside the box!

@jordanpagecompany 5 лет назад

Thank you so much for your kind words!

@gwendorphins7 5 лет назад

What she said

@millieatcentralcagarden9764 5 лет назад

So true. Dear hubby and I don't fight over money since we know we both know various accts. are covering any emergency.

@jenniferhodge6881 5 лет назад

Yes, this did stop so many arguments.

@ralph1682 5 лет назад

That is for those that do not truely know God. Because money is not the foundation of marriage but God is.

@amandastanley6331 5 лет назад

We have 2 checking accounts and 18 savings accounts. People always look at me like I have 6 heads when I tell them 🤣😂 I am big into being organized, frugal, and productive and this just makes things so easy! 💕

@Kat-oy8mc 3 года назад

18? what categorizes are there. (single mom of 3 trying to start being frugal and able to save/ budget )

@thegabbybshow Год назад

I thought my seven accounts were bad!

@Patience719 5 лет назад

I started following you (and DR) about 3 years ago by myself. Now my husband and I have gone through FPU and also follow your bank account system! We only use about 3 or 4 envelopes but we have 4 savings accounts and 4 checking accounts! All of this has changed our lives, helped our marriage and ensured a path for our family’s future. Thank you so much! I work at a bank but in the back of my mind I want to help others in their journey. We’ve helped a few of our friends who are beyond grateful and it feels amazing to enrich their lives! Thank you for being an incredible inspiration!

@chamilaya 5 лет назад

You open one Capital One 360 account and create multiple virtual accounts as needed. This way you only have 1 physical bank account but you can maintain multiple virtual accounts to maintain money for different purposes.

@blondie72 5 лет назад

This is exactly what I did and Capital One even pays interest on the main checking account!

@MsquilATL 5 лет назад

chamilaya great idea

@akapam57 5 лет назад

I did the same thing. Love it.

@JaniceHylton 5 лет назад

Great idea.

@Coopogers 5 лет назад

Great idea bc banks come with fees as well.

@wandaowens9885 5 лет назад

I opened several bank account and I love it. When we get paid I transfer the money to where it needs to go. At first it was hectic but now I have the hang of it. So for ex. If I have a monthly mortgage of 2000 I would every week transfer money into that account. So that’s 2000 divided by 4 weeks in a month. Till I have my whole mortgage for that month.

@ciannacoleman5125 3 года назад

If you have a set amount or percentage you move every paycheck you should be able to set it up to transfer automatically

@NaturallyBrittany 5 лет назад

I love all of your frugal living tips! 🙌🏼💕You go girl! I’m a mama of 4 over here and love to hear your perspective. It’s great to hear tips from another mom with a large family. 😊

@rachelbounds6678 3 года назад

I love her she acts like a real person and doesn't care who acts mean towards her. I love those kind of people.

@ladymariej4156 5 лет назад

Good Lord lady! I can barely keep money in two accounts. I need a better job, lottery winnings, a husband and 2.5 kids to go along with these accounts LOL

@iraqnroll90 5 лет назад

LadyMarie J cv J

@jeremyisjeremymartin 5 лет назад

Regardless of your financial status, always try to save. even if your savings is just 5 dollars a month, if you compound over time, that five dollars would become a thousand bucks

@sandramoore9119 5 лет назад

@LadyMarie J 2.5 kids lol

@jenm4137 5 лет назад

I used to live pay check to pay check I saw this video when she first put it out and I now have 5 accounts and still adding to them! Also, if you have debt that’s where it’s harder get rid of your debt and you can save even if it’s $25 a paycheck! You have to start somewhere and all of this may feel overwhelming if your still in debt so you have to start there... I worked on my smaller bills then larger ones I literally don’t use any credit cards anymore... also to sell things in your home that you never use will make you money that you can just save away (think of it it’s money you didn’t expect) so into savings it should go! Let me know if anyone has questions believe me I can help I have been there!

@daejonmoody3304 4 года назад

2.5 kids 😂

@pamelavisconage7256 4 года назад

Only forgot one thing- retirement savings.....

@mauriciojeanfrancois1442 3 года назад

Arrepentios de vuestro pecados dice la palabra de Dios que es pálábra buena de bendiciones para todos los que aman a Dios 🔥🔥🔥🔥🔥🧡🧡🧡❤️❤️🧡🧡♥️🧡💚💚💙💙💛💛💛🧡🧡♥️♥️💚❤️❤️💛💙💙💜💜💜💜♥️♥️💚💛💛💙💙❤️❤️🧡♥️💚💛💙💙💙❤️❤️❤️❤️❤️❤️❤️

@ciannacoleman5125 3 года назад

That should be going into a retirement fund not a regular savings account though

@Caait22 3 года назад

We have 4 accounts (2 savings- 1 emergency & one goals for trips etc. 2 checking - 1 bills & 1 for food & gas). I've been considering adding 1 or 2 more, but I was worried that was excessive. I'm glad you shared this!

@monarchmelis 5 лет назад

If you loose that envelope, the money is gone forever. If you are using a debit card or checkbook, the money is recoverable. Plus, you can't earn interest on money in an envelope!

@bethchaplin2023 5 лет назад

The envelope method is an organization concept. You don't physically put money into envelopes!

@tdslovey 5 лет назад

@@bethchaplin2023 I use electronic envelopes through quicken. And yes, there are people who put actual cash in the envelop.

@chrissypacheco9635 5 лет назад

I agree

@chrissypacheco9635 5 лет назад

@@bethchaplin2023 actually you do. There are a ton of videos on RU-vid that show people stuffing money into envelopes stashed in an organizer or some sort.

@CaptainA35 5 лет назад

When I first saw 7 as the reccomended number I was like WOW, that seems like a lot. Then I realized we have 10 just for personal finances. 😂 I'm so used to dividing our money up that way I forget we have so many.

@Vr4018 5 лет назад

Our family has been using these principles for over a year now. Weve made it up for 4 accounts and plan on more once it's financially fitting. This method is not just for 6 figure incomes (my family isnt), same principles can be applied to single people and those just starting out. Not everybody needs all 7 accounts. For instance, we dont have a yours and mine account.. it's more of a mine/ours account because I'm responsible for all the payments. We make it work even though we are in debt, credit cards and college loans. It can be a slow process at times, but when emergencies happen, we aren't using credit which is a win in our eyes. We will probably be at 4-5 accounts until our pressing debt is gone.

@big.fan.of.justice5754 5 лет назад

We were 50k in debt before we started and always looking to find where they money was to pay the next bills. Now, we have absolutely no debt and have more 14 months of living expenses in our savings - more than I ever thought possible - in as little as 3 years.

@rachelaholt7379 3 года назад

This has changed my life! My husband and I did the budget boot camp almost 2 years ago and created the accounts you recommend. Automatically sending 10% to a “don’t touch” savings account has given us such a peace of mind. I LOVE watching that account grow and it’s so painless because I never miss the money since it never hits my checking. The giving account has been such a game changer too!

@LeahValerie86 5 лет назад

Great video but clarification on HSAs...you must have an HSA compatible high deductible health insurance plan to be eligible to contribute. The IRS caps the amount you can put in each year...It's indexed for inflation but this year it's $3450 for individuals and $6900 For families. There is no deadline for using HSA money. You can withdraw any remaining balance at retirement without penalty if you don't use it all on medical. If your work offers an FSA, that is a use it or lose it account managed by our employer. You can only roll over $500/yr. Limit is $2650 per employee this year. An FSA is available regardless of your health plan's deductible, but it must be offered by your employer. IRS Publication 969 goes into more detail. Hope this helps someone!

@stupidsmartperson 5 лет назад

LeahValerie86 all very true! But even if you can’t get an actual HSA, you can open up a bank account and save for health expenses. It just won’t have any tax advantages and is not a true HSA.

@nishani3 5 лет назад

@LeahValerie86 thanks for the info. I contribute to FSA and it has been beneficial. But with that, comes forecasting on potential and or real medical expenses for the upcoming year. And, the funds cannot be used towards just any service or health related items. There is approved list of services and items. However, there are loopholes still. I will check on HSA for 2020 as I was not aware the funds can remain until retirement.

@successwithstacee9290 5 лет назад

Yes, that's how my work does it. I have to use it or lose it and it's $2650 a year.

@juliab8992 5 лет назад

Thank you i CRINGED at her oversight... is so easy for a financially savvy person to understand & explain, i couldn't understand why she glossed over the strict rules & blatantly confused it with an FSA or HRA! I mean, i know all these rules, but clearly the people watching this aren't all accountants like me!

@jennifersteinbaugh 4 года назад

I also cringed at the confusion between HSA and FSA. Plus if your family is on a qualified HDHP, then you don't have co-pays; you pay all medical expenses until you hit the deductible/out of pocket max. To say HSA funds can pay for co-pays makes this even more confusing for the average viewer.

@karao305 5 лет назад

Jordan.. by chance, since you have multiple businesses, have you ever thought about doing a budget program for small businesses?

@dre6289 4 года назад

Check out "profit first" by mike michalowicz

@sarahdevries4594 5 лет назад

I feel like this is skewed to already wealthy people. We are a large family with a mid-level income, but even though we live frugally, we are still a long way from having 3 months expenses saved up!

@justbeingveetv3423 5 лет назад

Exactly!!

@stacierenee6652 5 лет назад

You just described over half the country.

@iheartlreoy8134 5 лет назад

Sarah DeVries yeah you should finish building your emergency fund before trying this

@kristalynnette8352 5 лет назад

I've opened many acccts in the years to take advantage of the cash incentives when I was really low on cash. Now we are using it to our advantage even more. I'm no where near wealthy & work a budget on only steady income. We have 2 bank accts now & a savings acct we are SLOWLY building. We and use cash for things like a iitte pocket money (I mean no more than $40) & eating out that I divide up each week. You just have to start somewhere and adjust to you situation & needs. I that helps. Good luck Sarah.

@AngelicaGintner 5 лет назад

Sarah DeVries zaskskskksaowwwppaapall. Maybe Upiozk-ajkoqoaak. -‘soapwwp

@ShaynaSKZ_685 5 лет назад

Love this Jordan so informative. My parents are very similar with having specific accounts for specific things. It's a great balance and we as kids learned how to save money and love doing it. But of course my parents also taught me that tithing was the most important lol. Much love to your beautiful family from Brisbane Australia ❤❤

@judydascent8747 5 лет назад

SPOTON Video!! Thank You much Appreciated

@bexco5304 5 лет назад

This is pretty much how we do it, and have been doing it for almost a decade, with some adjustments since I live in Sweden. Cash is not really an option here anymore, it’s phased out. We also have a different healthcare system so the HSA account isn’t necessary to have. But I love this system and it has helped my family to be organized with our finances. I have several other accounts, I name an account for a specific thing I’m saving up for, it’s not always something very expensive, but I give myself permission to buy that thing when I have saved up for it. Now I’m saving for a 500$ robot vacuum. Could I buy it now? Yes, I could, but I can also wait a few months and put a little money in that account every month before ordering it. I also have a pet account to cover our pets expenses, a car account, a specific vacation account etc. Thank you for your inspiring videos! Love from Sweden! 🇸🇪

@katrinapersaud1971 5 лет назад

Rebeccacrafts hi I’m from the USA. Can you tell me when cash phased out what type of system replaced it

@bexco5304 5 лет назад

KATRINA PERSAUD Hi! We pay with credit or debit cards and then we have a payment system called Swish that is amazing! It’s an app on the phone and you basically send money to another persons phone. If you google “Swish Sweden” there is information in English on Wikipedia. Nowadays you can pay with swish in stores, flea markets, craft fairs, garage sales, strawberry stands, you name it! If someone doesn’t take Swish, I most often don’t buy anything there. Kids can get a child debit card from the age of 9. They learn to manage their money just as well, you just have to learn them in a different way.

@samanthamountain9764 5 лет назад

The robotic vacuum isn't the godsend you might think it is 😢 buy one second hand or borrow one before paying so much for one.

@lindakuster9050 5 лет назад

Hi Jordan I just opened my 5th account. My husband thought it was a crazy idea but I did it anyways. My problem with my budget is my spending. I always go over budget. I think that separating my portion of the money from the every day budget will really keep me on track. 😀 love your videos

@sonohrina2012 5 лет назад

I’m considering opening an account to my new baby so that I really keep track of what we spend on her I already have about 5 accounts in just one bank. Now I really I want to do it

@tangie06_33 5 лет назад

I would be so stressed having so many separate accounts! We track our money and spending in Excel. I guess we are old school 😬

@hannah60000 5 лет назад

I do this too! I'm a 90s baby btw lol What works, works.

@wpleary2 5 лет назад

I use Excel to manage all our finances too. Years ago I used to use Microsoft Money, but at some point switched to Excel, and man, I love it. So much easier.

@savs3060 5 лет назад

How do you use Excel to do your finances? I have a system on Excel, but it's quite complicated, and would love a simpler one.

@wpleary2 5 лет назад

@@savs3060 I basically setup a sheet that has all of our various bank account values with their official 'as-is' values that I manually update after I log into the bank and check balances. I then have an area of cells where I track all of our outstanding checks, and use a formula to sum all of those and then subtract that from the given account it's from, so I can see actual totals. If I have large upcoming expenses, I'll enter those as well into my section that deducts from the accounts, similar to writing a check. You can then use formulas to show yourself overall totals. Basically formulas, along with well-designated areas in the sheet for the various data (account total, outgoing expenses, etc...) are the key, at least for me. I spend maybe 5 minutes a day keeping everything current. I also write myself ample notes, leaving myself a bunch of blank cells in-between various values so I won't forget what a various figure is.

@savs3060 5 лет назад

@@wpleary2 Cool.. thanks for that.

@amandadesjarlais164 5 лет назад

Omg obsessed with this I spent more off budget this month but I picked up overtime so that I could still pay the extra on debt and put money in my savings account. 🤗

@Elizabeth-uj8vn 4 года назад

Amanda Desjarlais obsessed too😆

@mhspear 5 лет назад

I have 7 all with same bank (have had for over 10 years), checking (for bills), HSA (checking-health stuff), auto (savings-car payment), Xmas (savings-obvious), House (savings-also obvious), extra(savings-unplanned expenses), and vacation (savings-obvious)...all my monthly expenses come off our credit card and gets paid off from checking every month. I round the deposits from our checks and keep a tiny bit for eating out 1 time a week, we work where we live so getting away an afternoon or two is essential. BTW...we are an older couple with a

@topicruben 4 года назад

haha, you're already part of the family here. My wife's been talking about you, Bubba and the kids for ages, and now I've decided to do with her, of course the bootcamp budget! Gotta say that you've convinced me, lol... Really good stuff and thus, I also subscribe to your channel giving my support and love. Cheers from Italy

@The25sheeka 5 лет назад

This is a helpful video I will be starting this in the New Year

@JesseKegg 5 лет назад

I do all this on an excel sheet. 2 accounts. Checking and Savings.

@joewalters9207 5 лет назад

I havent delt with banks for almost 20yrs and I'm so much better off for that everything I have I paid cash and owe nothing on 85% of my income is saved

@michellesmith4975 5 лет назад

Soooo... If you are not using banks, where do you keep your savings account? If 85% is saved where does it go>

@joewalters9207 5 лет назад

@@michellesmith4975 hahaha you really think im telling anyone where I keep my cash

@michellesmith4975 5 лет назад

@@joewalters9207 lol ummm... no! I wasn't asking for the exact location (although that would be nice to know-HA!) But seriously, I was thinking maybe you are using an IRA, family member, CD's etc. 85% is a huge amount (to me) so I am thinking it has to be somewhere specific. Anyways, no need to share the secret bat cave location :) Congrats on saving that much!

@shainabuckner221 5 лет назад

How about a safe at home lol lbvs

@shannong979 4 года назад

@@michellesmith4975 It's got to be invested or gaining interest somehow (loan shark? lol), otherwise he's losing money on inflation. Vanguard's 500 index fund (not the exact name) has an average return of around 10-11% per year, which blows traditional banks out of the water. Of course one should also be doing some type of retirement account as well.

@TsumTsumMommy 5 лет назад

Seems so much to keep up with! I have 3 and just use the envelope system.

@UrbanFamilyHomestead 5 лет назад

If you use online banking it's super easy to track. I want to say she has used things like Mint app to track all spending/Accra/credit cards so it's all in just one spot :)

@Elihern12 5 лет назад

Thats exactly what i was planning to do!! 3 accounts and continue using the envelops!!!

@brroookkeee 5 лет назад

Tsum Tsum Mommy I agree. I like things a little more simple. My husband and I have a joint account checking and savings, then I have my own checking and savings, and he has his own checking and savings. Easier for me to control and he controls his own savings and transfers money to our joint for bills from his direct deposit from work

@melanierose9015 5 лет назад

I still have debt to pay off... how on earth am I supposed to fund these accounts?

@hopefitzpatrick5370 5 лет назад

Tsum Tsum Mommy Whats the envelope system

@nataliestark8243 4 года назад

It's interesting to see a video about this. Some people think I'm crazy for running multiple bank accounts. It's basically the Dave Ramsey envelope system but instead of cash it's tucked away safe in the bank.

@antonnishingles2412 5 лет назад

A bit excessive for me being unmarried...I have 4: an online emergency fund (6 months living in case of disability or job loss in a money market), a checking (where my direct deposit goes), HSA (HDHP savings), and a short term savings (for expected expenses like car maintenance, insurance, vacations, gifts, taxes). It’s hard enough maintaining a minimum in required accounts to avoid fees. But I do have 3 kids and I’m the custodian on their youth savings accounts, but it’s in their names. I think it’s wise to consolidate more money together especially in higher yield savings to earn higher interest.

@justRO814 5 лет назад

Super informative and the graphics were cute and simpler to follow! Xoxo

@Mrs.Silversmith 5 лет назад

I think this system far more complicated than it needs to be, and by that I mean all you really need is a spreadsheet. Our income is divided up not with separate bank accounts but by columns on our budgeting spreadsheet. Money is divided in theory on the sheet even though its all one sum in the bank. So if you want to know how much you have in a given category you consult the spreadsheet, not your account balance. It also makes it easy to adjust how the money is divided up if needed. Now, expenses have to be marked and you have to keep your information up to date, but it really is much simpler than having a bunch of separate accounts. My husband and I also sit down and review our expenses for the month at the end of each month. Having tracked everything on the spreadsheet, this ends up being like a 10 min. conversation where we decide if we were in line with our budget for the month and what changes if any need to be made for the next month. Checking in with each other regularly is important if one person is doing most of the record keeping, which is common in couples.

@CaptainA35 5 лет назад

I tried doing our budgeting and finances this way for around a year and it was very difficult to keep up with. So I slowly started adding more accounts to track money instead. It has worked a lot better. But I think the reason is that I am very visual so 'in theory' wasn't working for my brain. I found your comment really interesting because some systems work for some people and the opposite system works for others. I think you really have to know yourself to make progress with these things.

@thecrayolaeffect7 5 лет назад

I have this super vivid memory of my older sister and her now husband doing this as college students. She is in very fortunate finances now I have to think that some of that is attributed to their attention to how they use their money 😊

@no_peace 5 лет назад

I love that you think your method is less complicated, lol

@lauravitaverde4160 5 лет назад

I agree, I also move my money virtually, via a finance app where I created several virtual accounts and make my transfers. I know exactly where the money goes and how much I have left in every category, even though it stays in my checking/savings account. It's actually the same as a spreadsheet, but I do find it easier and it saves you a little bit more time.

@loreleipetry3821 5 лет назад

I'm glad someone else does this besides me! We aren't quite as organized with our different accounts, but we have them set up. Since we move a lot and own land and a house in 2 different states we have separate accounts to manage those. We also have an account for our son and an emergency account. It really does help to visually see where your money is going.

@RebellePuella 5 лет назад

I had already started doing this based on ur envelope video and some others I have seen. I love my capital one online banking accounts for this we currently have 8 accounts total between my husband and I based on our needs and wants and it’s such a help keeping g everything organized!!

@appletinImom0f5 5 лет назад

I have 11accounts but no point cuz I stay transfering all the time.. My main account texts me every night my balance and anytime it's used.. My case it so different.. I owe no1 and own 98% of every thing I have free and clear.. Plus we are some what off grid.. Auto pay is a no no here cuz I hate hate just paying my bills I like adding 50 every month on each bill as a safety net!! I love budgeting and saving so this is my thing but the base of it I love!! Thanks for video

@Mel-ph8qs 5 лет назад

I literally watch your videos for fun! This is so helpful thank you so much!! ( mind you I’m 19 and have no family lol)

@ViviNyc1 5 лет назад

start saving now!

@mlop1997 5 лет назад

Start them young

@deirmfrancis4437 5 лет назад

If you start now.. And find a husband with your financial mind set...

@juliefabio 5 лет назад

Use the information for a great future!!! Financial stability would be so much easier to attain if we had all done it right from the beginning. You have that opportunity :)

@kristenfortune5026 5 лет назад

Already ahead

@itsalovelybae 5 лет назад

I absolutely love this system, Jordan! I have no husband or children yet, but I really enjoy your videos and all of the tips you share. Your system inspired me to open up a few extra accounts for my own expenses to keep my money more organized. I'm sure when I start my family I'll be using this system as well. Merry Christmas!

@j.rhodesbass225 5 лет назад

Thank you! I am a single guy with no kids and this type of budgeting may be a little much for someone like me; but if I use it, I think it could absolutely set me up for financial safety/security. Again Thank you and I hope you and yours have a Happy New Year.

@sarahichi3998 5 лет назад

0:33 love this snippit! You just look so tall and fun.

@brookgurule536 5 лет назад

That's so funny you posted this video. I just today went back to rewatch the budget bootcamp video and printed the worksheet. Wahooo... I'm trying to figure out a good online account.

@yanirabaez8831 5 лет назад

Capital One has a good one, and it earns 1% intetest

@brookgurule536 5 лет назад

@@yanirabaez8831 thank you, I will have to look into it

@brittanygreen202 5 лет назад

Ally is great! I believe my savings there earn 1.9%.. it’s always increasing so it might be 2% by now 🙌🏼

@jordanpagecompany 5 лет назад

Love it!

@cherylfewell-brown4070 5 лет назад

I want to warn people what Jordan did not tell you is there are IRS rules for Health Savings Accounts. You must have a high deductible insurance plan and your contribution each year is limited also. I believe it is $6000 a year per family. The deductible is somewhere around $1000, not per family, per person! So check the IRS guidelines. My husband and I qualify and it is great! Also I have a savings just for savings for vehicles. Both repairs and replacement. Both my husband and I had vehicles totaled this year, (both not our faults) and we have put the insurance checks in a savings just to hunt for the right deal. My husband had a second truck (his hunting truck was totaled) and I had already paid for a used car, for a luxury vehicle that was such a good deal, we went ahead and purchased it, and then about 3 weeks later, my every day Toyota Camry was totaled in a 4 car pile-up. So we have about $18,000 in our "vehicle" fund. We also have a vacation fund, a longer term savings, a main checking with a checking that I use for my "allowance" each month. My husband uses cash for his allowance. We have a main checking and then a checking at our credit union that carries our mortgage. I transfer extra money into that checking from the main every month and then pay extra on our mortgage principal when it builds up a bit. We both have IRA accounts also for retirement. I also use YNAB, but like the control that having different account gives me. YNAB definitely preaches against having multiple accounts, but I'm a grown-up and know what works for me.

@cherylfewell-brown4070 5 лет назад

@Christy Horton Haha! I was planning to keep my Camry to drag the dog everywhere. She loves to go with us. I had to buy seat covers for the Benz. I was in a 4- car pileup, first behind a stopped truck making a legal left hand turn on a rural 2 lane road. My husband's truck was totaled parked in front of our house and was witnessed by our neighborhood watch captain when he saw out his window his truck almost get hit, so he came out to see where this vehicle was going and knew it was going to hit our truck which was a block past his house. Dang it's been a bad year.

@hellocatiie 5 лет назад

It's quite expensive to save that much money. Due to inflation your money is losing value every day.. You should at least have some of the money work for you..

@petmomful2260 5 лет назад

Do you mean stocks and bonds?

@judbakilam 5 лет назад

@@petmomful2260 better yet, index funds

@UrbanFamilyHomestead 5 лет назад

She does mention in her other videos that when pressing debt is gone that she uses 10 of the 30% she saves for tithing but that instead you could use that to invest consistently. Definitely should make some work for you but, when you are able to!

@petmomful2260 5 лет назад

@@UrbanFamilyHomestead We do have investments, we are retired, but try to live off the pensions coming in, not our savings. One thing I will NEVER do is tithe. Churches are wealthy enough. Let all those abusing priests get a job like everybody else.

@UrbanFamilyHomestead 5 лет назад

@@petmomful2260 I think that's why she put in that alternate option :) We do not tithe either!

@TheRoseFyre 5 лет назад

When life is paycheck to paycheck, or when getting caught up on school fees, it can be or seem impossible to save anything. Some people have 3 jobs, 70 to 80 hrs a week and they still can't save as cost of living is crazy. Any suggestion on such hopeless situations?

@bobbietarr1267 5 лет назад

I've got the same question.

@christinerudd4008 5 лет назад

The way you have money to save is first become debt free - that frees up extra money you can save. Do you have credit cards, car payments etc? If so those need to go, if you don’t you need to generate more income - side hustles, weekend job etc.

@Darwinq84 5 лет назад

SoulFile- not to sound hopeless myself, but if you are working 2 to 3 jobs, putting in 70-80 hours a week and living paycheck to paycheck, you are not making wise decisions in life from a financial standpoint! The answer to your question 'any suggestion on such hopeless situations'? I have two answers for you. First, if you are working low paying jobs then you will need to improve your skills and your resume to in order to land higher paying jobs. Second, cut unnecessary expenses by not buying that brand new car, TV, or eating out as much! There is no other way around this equation. Again, land jobs that pay more per hour and cut unnecessary expenses, and you will not live paycheck to paycheck. If you think these goals are impossible to achieve then that explains why you are in the situation you are in; you will need to change your mindset in order to improve your standard of living.

@big.fan.of.justice5754 5 лет назад

You have to work out a budget. 1st the essentials. Roof over your head, food on the table, power, heat etc. How much do you have left? Cut it in half. Cut in half again. One of those two quarters is EMERGENCIES ONLY. Don't touch it unless there is an emergency. Use the other 1/4 to pay down your debt. Now whatever you have left you will have to weigh up against paying off debt (first) then savings or luxuries. If you are working 3 jobs then even transport and buying coffee could be considered a luxury. Work out where you can cut back, is it safe or possible to walk to work, is public transport cheaper than maintaining and fueling a vehicle? Are you eating out when you could eat cheaper at home? Whatever you can do without, go without. Go thru your home and sell off what is not necessary. I'm serious. You won't be on your death bed wishing that you'd watched more tv or played more video games. In the large scheme of things they really don't matter. Time with your FAMILY, and PEACE matter more than anything else you have in your life. If you are honest with yourself, and what you can cut back, you will find something. Even $10 a week saved is $520 a year. Start small and build from there. I have been there and done all the above. It was NOT easy, but it IS doable. Every now and then (just like on a diet) you'll snap and spend on something you shouldn't - its ok, just get back on the budget wagon and keep going. Good on you for actually working those 3 jobs to get ahead. A lot of people wouldn't, so you are already in front of those ones. Good luck in your efforts

@AlanEoff 5 лет назад

Have one source of income that has no ceiling, then grow that job. Typically this is sales or a small business.

@lovemybabe3131 5 лет назад

I have always had about anywhere from 8-10 accounts as well. I think this is so smart. We have a couple businesses as well. I like it because there is money everywhere. 😁

@ChessaKali 5 лет назад

This was awesome to see this breakdown! Thanks for sharing! Loving your channel!

@briannadevlin 5 лет назад

I was recently thinking about your 7 bank account system and have been starting to open up more savings accounts specifically for this. What a helpful refresher!

@utubeusername00 5 лет назад

I’m single but I have 4 bank accounts. One where money goes in and autopay bills and unscheduled debits come out. One for my fortnightly spending on food ect. One for big/ longterm savings like a holiday ect. One for big/ short term savings like furniture or clothes.

@suzetterollin2411 5 лет назад

I can't wait to try this!!!

@juliesinclair208 5 лет назад

It's so cool seeing someone else do what I've been doing since I was a kid. It started off in envelopes in my drawer in my room with my alouance. Now it's esavings accounts. I have a standard checking and a checking account for our mortgage payment and house maintenance. Then we make "car payments" in our car savings so that when it's time for a car, we have a substantial down. It also helps for new tires and maintenance. Then we have a savings for our property and school taxes. Then we have a fun account for date nights and spur of the moment activities. I'm forgetting a few but in my head it makes it easier to manage when it's all separated. My husband unfortunately lost his job 3 times in 8 years and I have been on maternity leave for almost 2. With 4 months completely unpaid. Because of my crazy saving, we have been very lucky to be able to handle these financial blows.

@millieatcentralcagarden9764 5 лет назад

I just stumbled on to this video and your fun quirky character got me watching to the end. What you have just preached is "right on". I am the frugal one in my family and little did I know, I have been following the exact same method for the past 10 years. Having multiple accounts for various reasons does work. Having that instant deposit is a must if your banks and job allows it and even more so if they can automatically disperse to the various accounts from the moment it gets deposited. We also have the HSA or FSA (flex spending acct.) account thru our employers and I wish I had done this 25 years ago. It does take a while to determine how much you spend for all medical cost out of pocket but when you add up all those doctor co-pays, Rx, dentist and eye exams and glasses for each family, you might as well use the maximum allowance (in our case $2,500). Plus it helps with the taxes on your paycheck. As for the emergency fund, that too is a must. We've had our water heater giving out so one acct. paid for the deductible and didn't even affect our day to day living expense. Why? Because we were already adjusted to living with the funds out of our main checking and the money going to emergency fund was automatically being saved. I was also out of work due to medical reasons and once again, that one year Emergency saved us again. My husband started too with small accts when we got married, but now that were close to retirement, we added even more savings for those such a deferred comps accts and ROTH IRA's. Thanks for sharing your advice. So good to know I'm on the right path.

@suzyparker8303 5 лет назад

I feel so sorry for anyone (pretty much only Americans) who would need a bank account just for medical expenses. Other countries just don't relate to this. If I had to shell out for co-pays, insurance and other expensive medical bills, I'd be broke (or very sick and not getting treatment.) And no, America, I am not paying taxes through the roof because I live in Canada. That's one of the many myths. Per capita our costs are 1/2 what Americans pay for health care. I've never seen a medical bill in my life. Having said that, if you live in the States and are forced to figure our your own medical bills, I guess it's good to save in a separate account for that.

@hoodyboody 5 лет назад

From Australia, and I couldn't agree more. It simply blows my mind that a government wouldn't look out for the health of their citizens. But good thing they have all that freedom to fall back on.

@macydiy9697 4 года назад

well people in america are not the ones dead from the corona virus....sooo

@susanbenedict6988 4 года назад

@@hoodyboody The HSA in US is so that we have a deduction from our paycheck before income tax to put in an account for our copays and out of pocket expenses. We aren't taxed by our government to pay for our medical (Medicare in Australia) Our employer pays all or most of our premiums. It's my understanding Australians still have copays and out of pocket; then, a government tax to pay the premiums for health insurance. Yes, I'm glad I have my freedom instead of the government taxing me.

@tishharding 4 года назад

Susan Benedict that may be the case for you that your employer pays most of your premium. Mine doesn’t and either does my husbands. For our family of 3 healthcare premiums cost us $1,200 a month. That’s more than our rent! And guess what? I still have to pay thousands out of pocket on top of that every year and we rarely go to the doctor. To go to the emergency room my copay is $1,000! That cost is to just check in to the emergency room. Not for anything else. This is so wrong that we have to pay these costs. How can they expect anyone to afford these? With my insurance to have a baby naturally without anything special is $7,000! Absolutely wrong!

@samanthalang7212 4 года назад

It’s not just the states, I live in NZ and we have a split system between public and private. Like GP visits are around $65 but other stuff is covered

@katie6822 5 лет назад

You are one of my fav RU-vidrs! You are soooo funny! I love your intro!

@MammaOVlogs 5 лет назад

me too

@LatoyaLlab 5 лет назад

After seeing the intro, i immediately liked the video. That was it for me. I knew this was the channel for me.😂😂

@gwendorphins7 5 лет назад

I agree lol

@craftygirl7 5 лет назад

I have a savings account, travel account, Christmas account (in the 80's banks had Christmas accounts... my mom still talks about it), miscellaneous account (apple laptop I am saving for), healthcare account, plus my hubby has our other acounts. This apporach works! My moms dad used to tell her to save money, even if it was $5. It all does add up in the end.

@monicaisensee8581 5 лет назад

Thank you for sharing your bootcamp video. I've wanted to know more on the 7 accounts and this helps a lot😊

@melanierose9015 3 года назад

I’d love to see you discuss retirement with bubba!

@DejaDrewit 5 лет назад

I just read a book called profit first that teaches you the same thing - to separate all your money via diff accounts. I have more than 7 right now and prob will open more. Also i totally scored $300 for opening a savings account :D but since they charge a monthly fee i might bail on that bank unless they agree to waive my fee. Great advice many people need to know!

@charmyers5461 5 лет назад

When my husband and I turned senior citizen, I called my bank and asked if they have any senior citizen benefits. They said the monthly charge ($6.00) would be free. $6.00 is not a lot of money, but it does add up. So I am giving you this for a suggestion for the account you mentioned in your note.

@charmyers5461 5 лет назад

Excuse me, that is if you are senior citizens.

@DejaDrewit 5 лет назад

char myers wow! My fee is $12 a month! Im gona ask them to waive it or im leaving lol

@MichelleGetsReal 5 лет назад

@@DejaDrewit credit unions are the way to go. they have free checking and can 2 accounts per credit union. I use one for bills and the other for misc. spending

@karennesbitt9655 4 года назад

Great advice Jordan. At first I thought, 7 bank accounts, that is just crazy. But you are absolutely correct. If you see you have what appears to be a lot of money because it is all in one bank account, it is easy to justify to yourself that you can go ahead and spend some of the money without really planning or spending the appropriate amount. Love this idea of 7 bank accounts. It makes perfect sense.

@troyl.jackson3449 4 года назад

I like what you are doing keep it up! I and your community have benefited tremendously!

@kennethwalters5203 5 лет назад

I thought I was the only person that held 6 checking accounts and 4 savings accounts. 😀😜. 💯 correct more accounts are easier believe it or not.

@stevenhoeke7194 5 лет назад

Financial advice for sheep... 2 bank accounts taking 10% each for emergency funds?!? Keep planning for emergencies and you’ll have plenty. In the meantime all that savings is being lost to inflation, if you have 6-12 months living expenses saved, you’d better off purchasing turn key real estate to create passive income every month..

@teshamiller6001 5 лет назад

👀👀👀👏👏👏😊

@janieethebrainee916 5 лет назад

what is turn key real estate?

@stevenhoeke7194 5 лет назад

Janiee TheBrainee, turn key real estate is something you can passively make money from. A rental property that operates completely on its own is a good example.

@ultravioletpisces3666 5 лет назад

You will always have emergencies whether you plan for them or not.

@stevenhoeke7194 5 лет назад

@@ultravioletpisces3666 there's much more behind it, once you set the intention you'll have a major emergency, you'll create it. Ever notice how some people always have emergencies, and others seem to always be lucky? There's a science behind that, and if you know how to get in the flow of being lucky, your car won't break down every week, or w.e.

@MichelleCoxPhotography 5 лет назад

Thank you so much for all of this great information!!

@turbochimps 5 лет назад

I decided to do this ever since I left university 20 years ago and it works a charm. -Income -Personal bills (mobile, spotify, car insurance etc) -House bills, daily spending (food, travel etc) -Disposable income (holidays, one-off purchases, luxury items etc) -Investments (ready to invest where ever I decide) Salary/business money goes to the income account, and automated regular transfers (as per budget) to the other accounts. Can always check how I'm doing against budget by looking at the balance. Always have a buffer, eg Income account always holds the total amount transferred out in case salary arrives late etc.

@sherpee9185 5 лет назад

HSA’s do not have a “use it or lose it” rule; that rule applies to FSA’s.

@jasminehartley9692 5 лет назад

When paying off debt do you recommend still putting into an emergency savings account or all to debt? Will I learn this in Budget bootcamp? I am planning on buying this weekend :)) LOVE productivity bootcamp

@dawandabocanegra8935 4 года назад

You are amazing! I've been doing this and I love it.My favorite is having my bill money separate from my spending money.It allows me to spend money without having to readjust my budget every time I spend a dollar. Also I opened a slush fun account and slowly we saved up $1,800 and we used it for our summer vacation.It felt good not using a credit card or bill money it was guilt free fun.Thankyou Jordan Page!

@eunsolful 5 лет назад

This concept is new to me and I think it will work out great for me and my family in future when I go back to work. Thank you for sharing your experience and knowledge!

@MsIvebeenthinking 5 лет назад

Wow! People really can be mean on every RU-vid channel. When I was watching, I kept thinking, this is what my grandparents did when I was a little girl...they used to have a Christmas account, Birthday/gift account, savings and emergency funds. Of course, it didn't seem like a lot, though they did have the passport books for all of the various saving accounts. Thanks for reminding me of how my family was able to save for larger purchases and never use credit cards.

@thebigmann81 5 лет назад

Watch Dave Ramsey videos or listen to his podcast.

@lindseytanner-elwell215 5 лет назад

I’m a pensioner on a fixed income and I have already instigated a very similar scheme. I only started this year so its early days. I initially put the money into separate pots to build an amount before transferring into the appropriate account. How much depends on how tight we are. This year I’ve gone from zero savings to building a small cushion that will deal with most emergencies and some longer term. I am aiming for that 3 months of living plus but will take time.

@crownjewels4 5 лет назад

Awesome video. Loved the intro. And u explained it so well. And what an awesome idea!!

@cherifmedawarspuertoricopo6536 5 лет назад

7 accounts: 1) family savings account (short term emergencies - 3 months of expenses) could be 10% of your income 2) emergency savings account (10% of your income - 6 months worth of living) 3) health savings account or a tax free HSA health savings account that is tax free - 5% of your income) 4) family checking account - home base - where all income comes in (use it for home payments - utility - auto etc and transfer the rest to the other accounts such as your savings accounts) 5) and 6) his and hers account to cover personal credit cards as needed 7) slush fund account (extra money from savings, opportunities income, extras, bonuses, anything extra)

@celestialblonde14 4 года назад

I had 5 different accounts when I got married, and my hubby had 1 BUT within that one there were 15 savings accounts. Crazy. I was hesitant to combine finances, but after a bit I really loved having all our accounts for so many purposes.

@MammaOVlogs 5 лет назад

wow l love this, Great advice ! Thanks so much!

@mizellecherry 5 лет назад

I have 5. 1. Salary 2.for hajj 3.long term saving 4. Emergancy fund 5. Other savings challange save in here.

@montopssstudio6939 4 года назад

I just overcome my depression. And I have to start every thing from 0 again, but it ok. I understand by implement wrong method to grow up financial will make me end up stuck and get nothing. Thank you for your time and willingness to share with us how you manage and overcome your financial situation. Now I have 3 bank account.

@kenro74 5 лет назад

Too many accounts! Also, many banks require minimum balance requirements to keep it free. Do your research before opening any bank accounts.

@roselialeontoo 5 лет назад

union banks are 100% free plus some u can open up to 8 savings accounts. i know cuz i have 2 union banks and 1 of them i have 2 debit cards and each has 8 savings accounts open. although i only use about 10-14 regularly

@lovly2cu725 5 лет назад

She mentioned that.

@roselialeontoo 5 лет назад

@@lovly2cu725 where?

@momentsformoms9467 5 лет назад

I was thinking that too like a lot of times now,you don’t get the incentive unless there’s $2,000 in the bank within 14-30 days.

@kwekstar44 5 лет назад

The system actually works well. Ive been doing this way before i saw this video.

@samanthachetcuti6648 5 лет назад

Im 20 years old and surprisingly i worked this out on my own! Living at home some of my categories are different but the principle is basically the same and trust me im so much more organised and always have money available for each part of my life

@jordanpagecompany 5 лет назад

Way to go! 🙌🏻

@lauravitaverde4160 5 лет назад

Instead of having so many accounts (they always come with taxes where I live) I just move around my money virtually (because real transfers do cost too), by using a finance app. I have multiple accounts on the app and meticulously point every expense in, so in reality my money stays on the checking/savings account but I know exactly where and when money goes in or out, and if I'm still in budget or not. (btw, I use an app called ixpenseit, unfortunately it works only for Iphone, but I think the app is the best thing I ever invested in.)

@a.harris2324 4 года назад

I just stumbled upon your videos and I love them. I'm glad I'm not crazy, once I graduated high school I created many bank accounts like this. My family thought I was crazy! What your describing is what I have been doing for 15 years. I don't know why I started this way, it just happened. Great video.

@jyothiv6163 5 лет назад

Could you tell about retirement plans and college savings plans .

@ashleydoxey2184 5 лет назад

Our bank provides “budgeter accounts” they are separate savings accounts but we can keep track of them all in one place online with our bank. I suggest everyone ask their bank if they have a similar program. Think of it like the envelope system for sinking funds. Me and my husband currently have close to 20 of these accounts and each payday we add a little money to each one. We have a vacation fund, new car fund, future house fund, but then we save for smaller unforeseen things like medical, and veterinary expenses and car maintenance. Also Christmas, anniversary and birthdays as well. We only started out with a few and have built them up over time. We have learned to live on so little so we can save so much. I don’t think it would be easy or even possible if we had separate banks like you explain here. I think I heard that capitol one has a similar “budgeter” program.

@ThatNPfromCham 5 лет назад

Which bank?

@melissaerker4962 5 лет назад

Which bank?

@cx116 5 лет назад

@@ThatNPfromCham Capital One 360

@cx116 5 лет назад

@@melissaerker4962 Capital One 360

@rexysmith4029 5 лет назад

I had similar thing in my bank in Canada . You could have multiple "saving" account files so you could manage your money how you wanted , very Helpful.

@EnjoyingLifesJourney 5 лет назад

This is right on!! We have 13 accounts for family and my self-employment. It has helped us get so far ahead by keeping the money separate. We bank with Ally, an online bank that has no account minimums or fees and pays interest. 1.90% on savings and $0.10 % on checking. We also have all income direct deposited into one account and then we transfer to the other accounts. We have our bills come out automatically as well. The only thing I need to set up is the automatic transfer to savings :)

@claytonbates5244 5 лет назад

Australians read this. Suncorp banking offers 9 sub accounts for free. Then you can rename each account to what ever you want i.e savings , rent/mortgage, utilities, emergency. I use suncorp with no key card for all my Bill's savings and emergency. Then use another account for expenses. Great video.

@justdewit 5 лет назад

The digital envelope system

@sadieesther9721 5 лет назад

Your makeup in the prerecorded part Jordan 👌

@mamagoldielocks 5 лет назад

Yes! Hair too! 👍👍

@jessicacollins6971 5 лет назад

I love this video!! this would be such a great way to organize our money as my husband and I are both spenders by nature!!! If you can’t see the money in your everyday account maybe you won’t spend as much!!!

@chilldany 5 лет назад

This is very useful! I am about to move and needed guidance for a better way to organize my money... just subscribed! Thankyou! I WILL binge on your videos to learn a lot more! Best!!!!

@victoriasolis6887 5 лет назад

Do you recommend all 7 accounts from the same bank or different banks?

@jagerine 4 года назад

Our family has done a version of this for years. We use Ally bank. It's online only and you have to exchange some forms over snail mail to get started, but once you get started you can open as many new accounts as you want instantly and you can nickname them to see what they are for. Then all money is in one bank, separated out, easy to see, transfers are instant, debit cards / checks are free, no monthly fees.

@brendabrenda6843 5 лет назад

I'm curious, do you save for your kids college? I didn't see you mention this topic

@Spokenfan 5 лет назад

You are soo much fun. ❤️ One of my favorite Disney you tube channels is DFB and AJ is my favorite host, she is sweet, bubbly and always has great ideas and suggestions and you sound just like her. Merry Christmas to you and your lovely family 🎄🎁

@notosure2148 5 лет назад

These are my 7 primary accounts my family has. 1. Checking&Savings Account- Main account to pay and accept money. 2. Wife IRA 3. 529 4. High Yield Savings 5. Alternate Online HYS w/ CDs 6. Robo-Investor 7. Brokerage Account (Stocks, Bonds, ETFs) I might add the HSA, just for a nice little alternate account to save a few bucks on taxes, and pay for small things insurance doesn't cover.

@uslovsua 5 лет назад

Wait, but where is investments, retirement, college for kids?

@hopefitzpatrick5370 5 лет назад

Lidia Wilcox Exactly

@latoshastanfield5523 5 лет назад

Facts

@jessicageary429 5 лет назад

What responsible people have

@kiterafrey 5 лет назад

I imagine that retirement is in a 401K or Roth IRA which wouldn't technically be a bank account. Investments usually are in a portfolio which also isn't technically a bank account. However, I agree with you on the college fund. It would be an account and she doesn't mention it. She and her husband do another video that leads me to this one about bank accounts, and she mentions it there linked to another account. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ZKU5bEf192A.html

@xcfcould 5 лет назад

Vioy

@floofmccloud 5 лет назад

This sounds like something someone who already has a lot of money could do lol. That’s too many minimum balances for someone who’s just starting out.

@9to5killaCartel 5 лет назад

xForeverEternal not true at all....i have 7 credit union accounts and all only require $5 to maintain. Also in my experience credit unions are better than traditional banks

@MariusRekdal 5 лет назад

Its about managing your finances. If you have trouble paying your bills, and don't get to save any money you, probably should look through everything you use money on and make sure that you have 10-20% less expenses than income. most people would survive with 10% less income and this may help you to get control of it. I would personally start with just one savings account, but as you grow the balance over time, you can devide them up into several or invest in a fund.

@Speakercat11 5 лет назад

@@9to5killaCartel probably ok in the usa as this lady is american...not in the uk.

@9to5killaCartel 5 лет назад

@@Speakercat11 whats the mandatory minimum in the UK?

@juliab8992 5 лет назад

If you keep all the accounts at one place, my credit union only requires $5 under my name total.... but this is waived as long as you have a direct deposit at least once a month. I agree with many accounts, but NO WAY would i consider 7 institutions!!!!