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MyFinanceOnline
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In this personal finance segment, Dr. Joseph Newman from the Auburn University-Mongomery School of Business covers the role of cash and cash management. He also covers the role of saving cash for larger purchases and how managing your checking accounts, joint checking accounts and electronic banking issues can have an affect on your finances.
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In this financial management segment, we cover some different views on cash managment and answer in general and broader terms-what is cash? |
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In this financial management segment, we cover the value of using and holding cash. |
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Money is your lifeblood in a financial sense. In addition to spending cash, creating savings and emergency savings accounts can be important to your financial future. We also cover the benefits of using a cash system in place of credit. |
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We live in a we need it know society, but their is great value in saving up to pay cash for major purchases. Using cash can also keep you from overspending. |
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Dr. Newman goes through the benefits of using a cash book and how tracking your spending may cause you to spend less. |
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Only include money that you spend in your cash book and not money that is taken out of your account. So if you take $20 out at the ATM, you wouldn't include in your cash book, but when you spend it, write down what you spend it on. |
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By using your cash book, you can get a good handle on where and how much you are spending. It can give you the information you need to make changes to your spending habits. |
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Most people have an use a checking account to pay family bills, but if you don't keep track on your finances, you can get hit with insufficient funds and overdraft fees. The way that you handle your personal finances can have wide ranging affects, such as affecting you getting a job. |
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You are responsible for the funds that go in and out of your checking account. Are you responsible if your bank puts too much money into your account? Watch this financial management video to find out. |
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When sending a check, consider the money being spent and don't play the float. And exactly, what is a float? Just watch this financial management video to find out. |
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In this financial management segment, we cover online banking, direct deposit and paying bills online. |
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Whether you have one or more checking accounts, you need to communicate on financial issues, paying bills and management of investment funds. |
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Dr. Newman talks more about joint checking accounts along with a review of the different cash management topics covered in this personal finance segment. |
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