Caymans

Posted on March 19, 2007 - Filed Under Business |

My financial responsibility continues to grow.

In the process of closing out the old credit union account, in favor of the new Wells Fargo Stuffed Pony Account, something occurred to me.

Why don’t I have a separate account for rental expenses and another for my personal expenditures?

With the direct deposit, ten percent of my paychecks goes into the newly designated rental account (formerly known as the "credit union").  This money will be used not only to pay my portion of the utilities bills but to take care of repairs and maintenance. 

As time passes, and the account grows, hopefully the next large expense won’t be so scary.

During tax season, the expenses on the rental property could be quickly ascertained.  They all come from one checking account.

Since the old credit union offers free checking and Twix, why not keep their services for a while longer?

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Comments

4 Responses to “Caymans”

  1. TommyT on March 19th, 2007 7:59 am

    Wow, free Twix? You can’t beat that!

  2. moom on March 19th, 2007 2:09 pm

    Caymans?

  3. Clifford on March 20th, 2007 6:45 am

    Moom, American cinema and television has done an excellent job of stereo-typing the “Cayman Islands” as a place to hold illegal off-shore bank accounts.

  4. moom on March 20th, 2007 3:28 pm

    My first thought was “hedge fund” but couldn’t see the connection.

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