Basic Banking
Leslie and Ryan talk about banking. This is not a simple as it may seem. Building relationships is important. We touch on different types of checking, savings and mutual fund accounts.
Audio Only Version
Show Notes
Unless you want to keep your cash under your mattress, you will need a bank. Best to form a relationship, for advice, head-up warnings, and loyalty perks.
Setting up an account
-
Finding a bank and banker on recommendation. Get one with good online services. Some older or smaller are just behind the curve making banking inconvenient.
-
Call and set up the account. May require in person. Involves ID, signatures, applications. Details depend on the bank.
-
Savings vs checking accounts.
Using the account
-
Read up on features and perks
-
Set up auto pays and deposits; about routing numbers, account numbers, and swift codes
-
Types of auto payments
-
Wires - almost instant, limited clawback (confirm before sending), often a fee. ACH (auto clearing house) think electronic checks, no fee, mis-ID protections, takes a few days. Cash apps
If you are switching banks
-
Leave some cash in the old account to cover auto-drafts you’ve forgotten.
-
set up the accounts for easy transfer to each other. Should be an “external account” setting at both banks
Its the term for the adults still caring for children at home when their own parents care needs rise. It can be complicated, messy and a little uncomfortable. We are here to help navigate.
Life shouldn't be lonely. We are meant to be together and thrive! Today we talk about what happened to the village and how we can rebuild it.
64/ How to Delegate
Effective delegation is a neglected skill. Circular trap. When it doesn’t quickly work, we often think it is easier to do things ourselves, which makes effective delegation more elusive..
63/ Back To School
Having now seen school from almost every angle and gotten perspective from the pandemic, I have many thoughts on what I would do differently if I had the chance.