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How Do I Do my banking?
With banking there are only a couple things
we need to worry about.
How do I put my money into my account? And how do I get my
money out of my account?
To put your money in, you should have your
travel company use direct deposit to get your pay straight
into your account. They prefer it and you get your money faster
as well.
If on the other hand you like to deposit
your own checks you will need to have an account at a bank
with branches close to you. Or you can mail the check to your
bank, but this is a hassle and not recommended.
Some of the largest banks have branches
in many areas of the country. Like Washington Mutual for example.
They are coast to coast. Getting an account here will make
life much easier.
Getting money out can be automatic as well.
Make sure to keep your credit cards and
debit card with you for expenses and cash.
I recommend you use your credit cards for
all expenses and then pay it off with a check at the end of
the month. This will keep your budgeting easy and make it
easier to deduct travel expenses when you do your taxes.
Paying you bills can be done by check or
online. I regularly pay my American Express, and Mastercard
online. As well as my water and gas bill for our home in Houston.
I pay the mortgage via check but could have that automatically
taken from my bank account if I wanted.
Other bills like your cell phone bill can
be charged automatically to your credit card.
To simplify things, you should use only
one credit card - preferably one that gives you some form
of benefit - like airline miles or cash back. Then get all
your bills to be charged to this card as well.
Whther you use checks or credit cards
or automatic withdrawals from your checking account, make
sure you get all your mail on time. You can do this by setting
up a mail forwarding address.
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