Make your life easier with the right bank and financial software

Keeping track of your investments could be a nightmare if it weren’t for financial software and online banking, especially bill pay and account transfers.

Our preference for financial software to keep track of our spending and saving is Quicken. Microsoft has a program, too, that some find even better than Quicken. You can set up your accounts any way you think of them yourself.

There’s also a handy, flexible way to set up reports and graphs. We use reports to get a quick snapshot on how much we’ve spent on, say, groceries, or insurance payments, etc. You can also get a printout on a payee. Hmmm, did I pay my garbage bill? What account did I use?

You’ve already picked your financial institution – bank or credit union or savings and loan association. As you know, we prefer our long, long, long-time credit union. We just haven’t found banks to be that great. Our DDH also had problems, and he was a genius, so it wasn’t IFO, in this case!

Next set up your FREE bill pay. If they charge, get another bank. Online bill pay saves the banks TONS of money per transaction, there is no excuse or reason to charge you. And don’t believe them if they tell you all the banks charge for bill pay, as IFO has been told.

If you have these two items, you can move or travel with ease. To travel for long periods of time, either pre-pay (you can tell your bill pay when to send each check on your list of payees) or arrange to have your bills emailed to you, rather than mailed. If you have your credit card with your credit union, as IFO does, its easy to make a payment transfer at regular intervals to keep your monthly balance paid off at all times.

P.S. Here’s a little snippet that shows what beautifully dry humour results when the culture of a Chinese city is heavily influenced by the British for decades.

The [Hong Kong regulator] Securities and Futures Commission said its concerns among some applications include assertions made in the materials that were “based on assumptions that were apparently at odds with observable facts.” Both the regulator and the Hong Kong stock exchange vet new listing hopefuls in Hong Kong.


About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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