Comments on: Diagramming The Flow Of Money http://www.ncnblog.com/2009/02/27/diagramming-the-flow-of-money/ Debt Reduction Rocks - We Are Living Debt Free! Sat, 21 Nov 2009 11:44:22 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: J Swoboda http://www.ncnblog.com/2009/02/27/diagramming-the-flow-of-money/comment-page-1/#comment-148940 J Swoboda Mon, 02 Mar 2009 02:33:05 +0000 http://www.ncnblog.com/?p=2247#comment-148940 Check out the latest top bank rates from CheckingFinder.com. Check out the latest top bank rates from CheckingFinder.com.

]]> By: thomas http://www.ncnblog.com/2009/02/27/diagramming-the-flow-of-money/comment-page-1/#comment-148857 thomas Sun, 01 Mar 2009 06:50:44 +0000 http://www.ncnblog.com/?p=2247#comment-148857 Where's the toilet? Where’s the toilet?

]]> By: NCN http://www.ncnblog.com/2009/02/27/diagramming-the-flow-of-money/comment-page-1/#comment-148697 NCN Fri, 27 Feb 2009 22:41:10 +0000 http://www.ncnblog.com/?p=2247#comment-148697 @SJ From time to time, I'll make a direct transfer from my primary checking to my interest-bearing account, or even from savings back to primary checking, but for the most part, the arrows indicate the regular "paths". @SJ From time to time, I’ll make a direct transfer from my primary checking to my interest-bearing account, or even from savings back to primary checking, but for the most part, the arrows indicate the regular “paths”.

]]> By: SJ http://www.ncnblog.com/2009/02/27/diagramming-the-flow-of-money/comment-page-1/#comment-148695 SJ Fri, 27 Feb 2009 22:24:10 +0000 http://www.ncnblog.com/?p=2247#comment-148695 Wow that's nice and elegant. Just wondering, do you have some "redundancy" i.e. multiple paths to transfer money? Or did you just mark the ones that you (normally) utilize? I tried to make one of my own a while back, but it was really messy; multiple checking accounts/saving accounts/ due to benefits and what not... Wow that’s nice and elegant. Just wondering, do you have some “redundancy” i.e. multiple paths to transfer money? Or did you just mark the ones that you (normally) utilize?

I tried to make one of my own a while back, but it was really messy; multiple checking accounts/saving accounts/ due to benefits and what not…

]]> By: NCN http://www.ncnblog.com/2009/02/27/diagramming-the-flow-of-money/comment-page-1/#comment-148694 NCN Fri, 27 Feb 2009 22:22:41 +0000 http://www.ncnblog.com/?p=2247#comment-148694 @bklyn dave I use my local bank as my primary checking account... My employer does not offer direct deposit, or I would have checks directly deposited into either my savings / interest checking. Also, I like having multiple accounts, should something happen to one of the banks w/ which I do business. @Jesse While the transfers might take a few days, I always keep a "cushion" amount in each account, so that I can initiate transactions, of whatever amount, whenever I want. @bklyn dave
I use my local bank as my primary checking account… My employer does not offer direct deposit, or I would have checks directly deposited into either my savings / interest checking. Also, I like having multiple accounts, should something happen to one of the banks w/ which I do business.

@Jesse
While the transfers might take a few days, I always keep a “cushion” amount in each account, so that I can initiate transactions, of whatever amount, whenever I want.

]]> By: Grant Baldwin http://www.ncnblog.com/2009/02/27/diagramming-the-flow-of-money/comment-page-1/#comment-148688 Grant Baldwin Fri, 27 Feb 2009 20:10:19 +0000 http://www.ncnblog.com/?p=2247#comment-148688 Most people are visual so it helps to lay all this out. I assume it was also beneficial to you to see if this really is the most effective and efficient way to handle your money. Most people are visual so it helps to lay all this out. I assume it was also beneficial to you to see if this really is the most effective and efficient way to handle your money.

]]> By: bklyn dave http://www.ncnblog.com/2009/02/27/diagramming-the-flow-of-money/comment-page-1/#comment-148684 bklyn dave Fri, 27 Feb 2009 18:02:08 +0000 http://www.ncnblog.com/?p=2247#comment-148684 I'm not sure why the two checking accounts -- regular and interest-bearing. Why not do it all through the interest-earing one? Too many ATM fees? Or why not merge your "online savings" and "interest-bearing checking" into one high-yield money market account that lets you write checks? I’m not sure why the two checking accounts — regular and interest-bearing. Why not do it all through the interest-earing one? Too many ATM fees? Or why not merge your “online savings” and “interest-bearing checking” into one high-yield money market account that lets you write checks?

]]> By: Jesse @ pfFirewall.com http://www.ncnblog.com/2009/02/27/diagramming-the-flow-of-money/comment-page-1/#comment-148682 Jesse @ pfFirewall.com Fri, 27 Feb 2009 17:13:00 +0000 http://www.ncnblog.com/?p=2247#comment-148682 Would you not benefit from limiting the distance money flows, say from checking, to savings, to interest bearing checking, to ROTH/ESA? You dont specify how long each transfer takes but every day that the money is in transit is lost interest right? Would you not benefit from limiting the distance money flows, say from checking, to savings, to interest bearing checking, to ROTH/ESA?
You dont specify how long each transfer takes but every day that the money is in transit is lost interest right?

]]>