BROADCASTS.com

Published: Aug. 13, 2020, 12:50 p.m.

b'

Darlene and myself have many different checking accounts from Personal Accounts to Business Accounts. We teach our boys to have separate personal checking accounts if they are married or in a relationship. Also, we suggest they set up one checking account for each of the following; Home Bills, Debt Payments, investing to other accounts if needed.

\\n

Darlene and myself don\\u2019t need a Debt Payment account since we are debt free but a lot of people may need it. We also don\\u2019t need the other ones because our system works for us. A lot of people need those extra accounts to make sure they keep on track.

\\n

Some people even set up accounts for large upcoming expenses. For instance, a Wedding Checking Account. Where they each put money into the account for the wedding and then either one can write checks from that account to pay for wedding expenses. Once the money is gone, they are done spending. Hopefully they have been agreeing on what to buy and how much to spend. If not, they could have some pre-marriage fights. LOL

\\n

Darlene and myself have known other people that have separate personal checking accounts and one Home Expense account that each person puts money into the account each month. The people we know has been doing if for many, many years and are happy with it.

\\n

Other people we have told that we have separate checking accounts think it is wrong and seem offended by us doing it that way. I am sorry they get upset but it works for us and we believe in it. That is why we teach out boys to do the same.

\\n

As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.

\\n

With having separate personal checking accounts, we each can spend our own money and not worry about getting it approved or feeling guilty buying something. For instance, if Darlene wants to buy a new golf club for $99, she can do it and not feel guilty about it or ask me for the money. She has the money in her account and can spend it on what she wants. Listen to Podcast for more Details.

\\n

If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com or Text me at 480-389-6224

\\n

Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway

\\n

Thanks, and Have a great night.  Please Support or Follow me at https://www.patreon.com/millsway  for access to all my blogs.

\\n

Click here for some Side Income and Part-time Business Ideas

\\n

Millsway.com and Live4.Club

\\n

Personal Capital - Manage your money now. Smart way to track and manage your financial life. Award-winning financial tools and more.

\\n

#financial freedom #financial independence #FIRE #Hustle #Live4 #podcast #millsway

\\n\\n--- \\n\\nSend in a voice message: https://podcasters.spotify.com/pod/show/live4/message'