We are moving slow and steady toward our goal of simplifying our family finances. We added Hubby to our local community bank account last week, and now our next step is to start the transition of all the direct debit accounts.
The beauty of automatic bill pay is obvious, but it is a hassle if you ever decide to merge accounts or switch banks. We identified six accounts linked to Hubby’s old corporate bank.
- Paycheck deposit
- Mortgage
- Car payment
- Insurance
- Savings account
- Netflix
Given the monthly ebb and flow via deposits and debits, I also calculated how much is being taken out by these transactions each month so that I can transfer enough funds into to our joint account to make sure everything is covered until Hubby’s paycheck deposit kicks in.
I know there is still more work ahead, but I can hardly wait until I can look into one account to find out how much we have available to meet our family needs and wants.
Are there any accounts that you choose to pay the old-fashioned way?
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Sustainable Family Finances
Sustainable Family Finances
The story of a family creating an abundant and sustainable life.