Creating A Healthy Household Budget

Hello, my name is Jerome Silas. Welcome to my website about creating and following a healthy household budget. When I was in college, I tried to create a smart budget to save all the pennies I could after paying my bills. Unfortunately, I jumped in too fast and created a budget that was impossible to follow for the long term. Through the years, I have learned all about the methods that work best while creating and following a budget. I would like to share those methods with you all to help everyone create a healthy household budget. Thanks for your time.

3 Things To Consider When Selecting A Bank For Your Business

Finance & Money Blog

If your small business is growing and you're now looking at setting up shop in an office somewhere instead of just working out of your garage or apartment, one of the first things you should probably do is set up your own business bank account in order to keep all business related funds completely separate from your personal accounts. But finding the right place for your commercial banking needs is easier said than done. Businesses sometimes have specific banking needs that are a bit more complicated than what you're used to from your personal banking. If you want to get your business off on the right foot, here are three things to consider when looking for a commercial bank

Brick and Mortar vs. Technology

Do you own a business that will be taking in a lot of cash on a daily basis? If so, it might be ideal to find a local bank where you can physically walk into the building and make a deposit in person. If you will be handling most of your transactions online or with a credit card processor, you might be more interested in learning about the mobile offerings available to your business. Can you quickly see your money at a glance and transfer funds between accounts right from your phone? Take a look at how money will be coming into your business, how that money will be deposited into your bank of choice and then make sure the bank you pick offers the right features and amenities to compliment your business model.

Watch Out for Limits and Maintenance Fees

If you anticipate being an especially high volume business as far as the number of transactions you handle every month, you should specifically ask any bank you are interested in about their account limits and related maintenance fees. You might have to search the fine print to get the information you need on this one. Some banks might charge an extra fee to your account every month if your business brings in too many transactions. Talk to a commercial banker about your business model and anticipated transactions and make sure you find a bank that isn't going to nickel and dime you with fees.

Keep Expansion in Mind

While your business might be small now, you should keep expansion in mind when selecting a bank for your business needs. For example, right now you might be the only person named on the account, but you should look into how the bank handles multiple signers for checks and other similar transactions. How easy is it to add or remove a person from the account? Can you set up a merchant account and put all of your credit and debit card sales directly through the bank if desired? Talk to your banker about not just your current needs but where you see your business going in the future.

Reach out to a local banker today to discuss your commercial banking plans.


4 October 2018