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003 How to setup your bank accounts

Maven Money Personal Finance Podcast

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How to Structure Your Bank Accounts

First thing you need to do is see wo don't need to have, as a minimum, two bank accounts. The first bank account is what i'm calling your bills bank account. This is where all of your set monthly direct debits come from. Next bank account you should have is a spending bank account for when you're out and about. You can actually change the name of the accounts on line. And now a online bank ing, internet banking has got a little bit funky. So this is technology soft were, you know, external third party providers work in this space.

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