This is what I do daily for my finances. I usually drink milk tea first and not during this routine in order to maximize my enjoyment of the milk tea. Then I spend roughly 15-20 minutes checking all these things I talked about in this video to get a bearing on if anything go charged overnight or when a transfer finally clears. I make some money moves to optimize interest, dividends, cashback, and any rebates I might have gotten.
How’s it going everybody this is beat the bush today i’m gonna go over my daily finance routine this is something i do every single morning and i think this might be very interesting for some people because this is not what everybody would probably do this video is brought to you by moomoo the brokerage trading app you can get up to 13 free shares i’ve been promoting
Moomoo for quite some time now and this is the best deal they’ve ever had so this is a great time to grab some free shares check out my referral link down in the video description below let me address why it looks so different this is a different couch this is my friend’s house i am just house sitting right now and it happens to not even have a light socket over there
He’s renovating this place and i’m just staying here looking after the pets the dog and the cat with that said it looks kind of crazy in here so please excuse the background so the daily thing i personally do is actually check most of my mostly used bank accounts not every single one but all the ones that i use which is a good number of them like four or five of them
That i use a lot many times when i look at the bank account sometimes i would notice maybe the amount of money in it is a little bit low and it’s in danger of being overdrawn and i really don’t want to pay some 35 dollar fee of bank fees if it ever goes below zero so i kind of monitor it for my main account i used to kind of have a ballpark of around 3 500 there
If it ever drops below that i’ll be like okay it’s getting a little low let me put some money from a savings account and put it right in so i’ll do an ach transfer right then and there just so that there’s enough money of course when i was working as an engineer this hardly ever happens unless there’s a really huge expense because every single month there is money
Going in and i always take much much less out of that bank account i started doing a really weird thing also i think because my mentor paul he mentioned that one time and i’m like oh yeah you know this this might be kind of kind of addictive and kind of make you you know if you have ocd where you try to get your bank account to have round numbers let’s say it has
4139 and 79 cents you know i might do something like try to round it all the way up to like a hundred dollars put whatever you need in from another bank account to make it an even 100. of course you can’t always do this with every single bank account so my working bank account the main one which is at chase always have weird sense and stuff in it but my other ones
Like savings bank of america sofi checking account you know i try to have it so that the last four digits are zeros and sometimes when you get bank interest put in there i’m like oh it looks like a weird number now let me put some more money in so that it rounds things out there’s a practical reason for this because it allows me to more easily add up the amounts
In different accounts easily and then when i put it in my spreadsheet every single month i don’t have to like put in all these odd numbers i just go okay forty one hundred dollars or like fifteen thousand dollars or something all even numbers these days the sofa checking or savings account actually have a 2.0 apy interest rate naturally when discover is really low
Even if it’s about 0.3 difference i’m like okay let me just move all my money over to a place where it has the highest interest and if you move tens of thousands of dollars with a such a small difference in interest rate you might gain probably 20 dollars in an entire year but i just do it anyway it’s just like my daily routine where i kind of massage everything
I might transfer more money to a brokerage account when it’s time to buy stocks so if there’s too much money in so far especially right now because there is a recession going on and people are freaking out it’s kind of almost testing the lows again in the stock market so it’s it might almost be time to buy more uh snp stock market index fund dollar cost average
In and then when it recovers then it’s going to do really really well i’d also do the transfer to churn bank accounts because i opened them left and right and just recently i opened up a new bank of america savings account where if you put in a thousand dollars of new money in you’ll get a hundred dollars after holding it for like 60 or 90 days or something i do
This all the time but i monitor it so that i don’t put money in too early sometimes they don’t count until the start of the next month so then i would wait until the last moment to transfer that one thousand dollars in because that one thousand dollar could sit in some savings account that could get earn you some interest rather than next to nothing at the bank of
America savings account when i do this finance routine i just look at my calendar and i see what i need to do without you know needing to think too hard and then i can complete those tasks sometimes i might notice some dividends got deposited into my brokerage account and i’ll be like oh let me transfer that into my checking account instead of reinvesting it
Mainly because i have a lot of different brokerage accounts and i don’t want to have each one of those doing reinvesting if it’s going to give me a dividend i rather withdraw it put it somewhere else and then have the main retirement account or the main external brokerage account do the investing if i notice there’s some cash back sitting inside a credit card
I might redeem those into a checking account and i don’t look at every single credit card every single day so sometimes when i do notice it i would cash those cash back out so i look at other websites like omconnect swagbucks mr rebates honey sometimes rakuten these kind of cashback rebate sites and if there’s any money sitting in there redeem gift cards lastly i
Do other things like check all the shopping deals on the chase credit cards and also the bank of america credit cards because sometimes they have really really good deals like 10 off or 20 off at cvs or something and i’ll buy a gift card at amazon so you can get a little bit of discount that way i also check the safeway app to see if they have some deals right
There you can get like free groceries you know dollar off here dollar off there on like organic produce on yogurt these are all kind of like sit down at the computer stuff i might look at my phone and look through my stock list and just kind of look at where the stocks have been doing and i just look through all the titles of all the stock headlines and then if
There’s something that catches my eye i would read into that article or like on google news i would basically read the entire feed from top to bottom and if there’s something interesting that pops up i’m gonna read into that and for the stock one i think most people do this as well you have your watch list on the apple ios and then there’s just the news feed right
Below that i hope this was interesting i only realized to share this because what i do appears to be very different than what my friends do doing this routine is actually really good to avoid late fees it also gives you an idea of how much money is coming out of your savings or checking account or like how much you’re actually spending so i monitor it like a hawk
Thanks for watching this video i hope you guys enjoyed it don’t forget to give me a like and subscribe for more thanks for watching you
Transcribed from video
My Daily Finance Routine By BeatTheBush
