I leave in every checking account a buffer of between one to two months worth of bills. The reason for that is so that, you know, especially because I'm self-employed, like in case clients take a while to get around paying me,. In my real estate business checking account, there's always about 10 or 12,000 dollars just floating in there. And in my personal checking accounts, I've always got like one or two months' worth of expenses just floating inthere.
#3: Paula and J. Money share the financial habits they use to grow wealth.
Full show notes can be found at http://themoneyshow.co/03
Listen as they share their favorites (and a couple neat tricks):
- Track Net Worth
- Maximize retirement savings accounts
- Pay bills at least 1 month in advance
- Set up bills on auto-pay
- Leave a buffer in your checking account
- Round up debt payments
- Double the principle payments of your mortgage
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