| Dual Checking Personal Budget |
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| How Many Checking Accounts Are You Using? |
| One |
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33% |
[ 1 ] |
| Two |
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33% |
[ 1 ] |
| More |
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33% |
[ 1 ] |
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| Total Votes : 3 |
gmcerveny
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 14 Dec 2005
Location: Denver, CO
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| Dual Checking Personal Budget |
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Hello,
Anyone using a dual checking personal budget system? I've got mine setup with one checking account that is for all my scheduled and quantifiable bills, and another that is like an allowance that I just spend. I was wondering if anyone else was using a system like this, and what kind of issues they've ran into.
You can view the detailed layout of my budget at my site below.
Make Your Personal Budget Easy and Automated
www.stackbacks.com
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Wed Dec 14, 2005 2:57 pm |
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coaster
Senior Advisor
Cash: $ 1358.20
Posts: 6687
Joined: 11 Oct 2005
Location: Wisconsin
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Two here, but it's no system, just convenience. One of the banks closed all their branches close to me, so I needed another account with a more convenient bank.
~Tim~
Eye Candy : Why Whimsy
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Wed Dec 14, 2005 10:35 pm |
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Rolo
Yo' Daddy
Cash: $ 309.70
Posts: 1551
Joined: 13 Mar 2005
Location: Colorado/Florida
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Too much putzing around. If you need a mechanism to control how much you spend because you cannot control it yourself, what happens if you bounce a check/try to debit too much?
Use a credit card (citiBank for example) that automatically updates through Quicken and keep your one checking account earning interest. If you need a mechanism to cap your spending, set a low limit or e-mail notifications.
I'm amazed at how many people spend more time tinkering with checking accounts than I spend on my entire portfolio (to include active stock-trading); one's time could be better spent.
"Expect me when you see me."
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Wed Dec 14, 2005 11:02 pm |
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ashraf
Preferred Member
Cash: $ 27.69
Posts: 141
Joined: 24 May 2005
Location: The Middle East
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I use 3 but also for convenience.
One for paying bills online, one linked with an investment account, and one for handling and monitoring household expenses.
You can not become free by accepting to be occupied
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Thu Dec 15, 2005 10:13 am |
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