Wednesday, June 22, 2011

Opening a Checking Account

I have decided to open a checking account to further automate my investments in my mutual fund accounts. It’s a lot easier to track and program my investments with this method.

With checking account, I can just issue post dated checks and transfer fund to this account. I can already pre-set how much I will invest in a particular year.

Once a person has a checking account he/she should be disciplined enough not to go below the minimum amount and fund the account if necessary. This will safeguard the person from the penalties that comes with it.

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