Has anyone tried using 2 checking accounts with any success? I thought about using one for bills and the other for weekly expenses such as gas, stuff my daughter may need, my husband’s copenhagen, etc. I feel like this way we won’t have to be constantly worried about whether we have taken too much before the bills are due etc. Also it will help certain ones of us to realize that my paying the bills isn’t always what leaves us broke! I am hoping that things will change now that we have refinanced our house and dear hubby seams a little more interested in where the money goes.
Thanks for any input you may have!
Instead of two checking accounts, try using a cash envelope system for daily expenses. That way you are certain how much you have in each category and there’s no way to “over-draw” and bounce a check. I think www.daveramsey.com has an explanation if now try www.crown.org or just google “cash envelope budget system” or watch this video:
Hi all! I too am new here and trying to get our personal finances in order/better shape.
My question is – does anyone here use Mvelopes Personal? The files section is not the first place I’ve seen this mentioned and I’d read up about it a few months ago. What I am trying to find out is if anyone here uses it and if you’d know how big a difference it would make if our income and expenses vary greatly from month to month. My dh is self employed and some months are slim and some much better, the ups and downs make me nuts, which is why I am trying to find a way to make budgeting easier (because I obviously can’t get the hang of it on my own) and set goals and pay down debt! Thanks for any information.
I need to refinance an ARM. Currently have 4 active credit cards- all are at 80 percent or more. Just got one of those offers from citi financial – come get $6500.
Thinking about taking it to pay all CC to under 39% (which is the level I was told triggers the credit report number to go down)
That also will allow us to do some floor and roof repairs that are needed pre refi.
Has anyone done this? The credit charge is way to high but there is no prepay penalty and it would let us get things done to get a fixed rate morg at a better rate…. Thanks for any info/ suggestions.