T
TromboneAl
Guest
Having sold the business, I'm reorganizing checking accounts, etc. Here is my plan for the day-to-day mechanics of paying bills.
Our personal checking has a interest rate of .2% (what a sense of humor banks have!). I like to have a checking account at a local bank, because it gives us a safety deposit box, and personal service (great customer service, actually!), etc.
So the key is to have as little there as possible. I use Quicken to automatically pay bills from that checking account, so I plan to keep $500 in that account, and then at the start of every month, EFT enough from the money market account to cover monthly bills.
Any better schemes?
Our personal checking has a interest rate of .2% (what a sense of humor banks have!). I like to have a checking account at a local bank, because it gives us a safety deposit box, and personal service (great customer service, actually!), etc.
So the key is to have as little there as possible. I use Quicken to automatically pay bills from that checking account, so I plan to keep $500 in that account, and then at the start of every month, EFT enough from the money market account to cover monthly bills.
Any better schemes?