How Can I Sign Oklahoma Banking Form

How can i industry sign banking oklahoma form safe

hi my name is angus ho with daddy dab a part of the ash management group i want to show how you can budget as a full-time engineer make real estate investments and live an exceptional family life as a dad so come along with me in this journey of wealth in today's episode of the kids series i decided to talk about savings savings is so important to know about as this is a key to growing your future don't forget to count those coins as they scroll through the screens as well halfway through the video i will be telling you how much money has scrolled through to check if you were paying attention savings is money you put aside and don't spend when you receive income from your job or from your parents you have to decide what you want to do with that money part of that money will fund your day-to-day expenses which is your needs like bills and food a part of it you should set aside as your savings then the rest of the money can go to your want like having fun having some money in your savings can be important there will be times when you face medical emergencies or a large unexpected bill it can also be used for future goals like a car or a house savings in the dedicated area also has benefits including stability because your savings won't swing in value growth because your savings can earn interest and safety as long as you choose an account protected by fdic insurance here are some tips for you to jumpstart your savings strategy open the savings account it could be at the same bank you have a checkings account or a different one automate your savings by setting up automatic transfers from your checkings account to your savings account then pick up a percentage of your income to save so that your savings can keep growing remember saving for anything is better than nothing the important thing is to get started okay that was a lot of information about saving let's take a break from all the learning have you been keeping count of all that money that has been floating by did you count 3.43 if you did great job if you didn't you can always rewind this video to count again let's get back to savings now that we understand what a savings is let's get started with some very important questions questions like which bank should i choose i also want to answer how much should you save let's get started on which bank you should go with the first thing i would consider when choosing a bank is account types that you'll be opening banks typically have various products to offer but most banks will offer a checkings and savings account the next tier up of bank account types would be credit cards mortgages insurance gics and registered accounts some of the banks that offer high interest rates will not give you this tier of bank account types the next tier for banks is money market accounts these types accounts will allow you to invest in the stock market if you are unsure which accounts you will need i would select a bank that has every type that way you can consolidate all your finances with one bank make transfers within your bank accounts much quicker and it's much harder to forget to pay your bills in the future of course as you start getting a handle of finances i would definitely start opening up more bank accounts with smaller banks some of the big banks i would consider here in canada is td bank rbc scotia bank or cibc banks in the usa that i would open with include jpmorgan chase bank of america wells fargo and citigroup the selection of banks are all fdic insured as i had mentioned earlier that means if in the unlikely chance that the bank was to go bankrupt and couldn't pay you back fdic will ensure the depositor 250 000 dollars per insured bank before we get into our next question first let's get to some money games let's say you have this much change how much money is that you have one minute let's go 15 seconds have gone do you have an answer yet half your time is up you can do it 15 seconds left hurry up if you haven't gotten an answer yet all right time is up did you guess 84 cents if you did great job the next question is how much money should you save there has been much debate over how much money you should save generally a good start is 20 of your income whether that's from a job or an allowance there are many budgeting rules and one of the most popular one in my mind is the 50 30 20 rule where 50 of your income goes to your needs 30 goes to your once and 20 goes to your savings another saving strategy is dave ramsey's recommended household budget percentages where housing should be 25 to 35 utilities 5 to ten percent food 10 to 15 percent transportation 10 to 15 health 5 to 10 insurance 10 to 25 personal 10 to 15 recreation five to ten percent savings ten to fifteen percent giving ten to fifteen percent my personal suggestions and the third strategy is part of the ash method is to spend only what you need to and save the rest sacrifices has to be made but what the ash method suggests is 40 percent on need and once and 60 percent on savings well i hope you learned just as much as i did on savings if you like this content make sure you smash that like button tell me what you think about savings and which method you want to try in the comments section down below if you have any further questions make sure you join me at the daddy that facebook group and continue the conversation there for now thanks for watching and i hope you learned a lot about savings if you would like to hear more budgeting engineering or real estate tips please leave a comment down below on what you want to hear smash that like button subscribe button and be sure to hit that notification bell so you'll be the first to know when i post new videos every week on mondays and thursdays from the ash management group this is daddy dad saving you money