Major Key: Bank Account

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 Hey there! 

Dropping some more tips for you regarding real estate!



Today: Bank Account

Major key to get you the keys 


A bank account is going to show how much you have and how much you are retaining once you are being paid. It's also showing your spending habits. 


Whether you're renting or buying, your finances will be revealed. 

A positive flow of income is a must to show that you will be able to handle the lease are sale.


Landlords want to see there is money coming in every month to pay the rent. 

Lenders want to see you have money for closing and are able to afford your monthly mortgage. 


If you don't have one now, I would highly suggest making an appointment with a referred bank to open a checking and savings account. 


Questions to ask:

Whats the minimum to open an account?

Does it need to maintain a balance?

Are there monthly fees? Annual fees?

Are there many locations/atms?


I would place what you're comfortable in with the bank account, definitely over the minimum needed. 

Every time you receive funds, put 20% away into your savings. That was you'll still have money for needs and wants, but you'll have that separate stash for emergencies + saving for your future. If you feel like 20% is not enough, bump it up to 50%. 


Keep your expenses low! Put money away! See what you're actually spending!


My goal is to educate friends, clients, and family ahead of time before it's too late. 

It's never to early to set yourself for success and your future. 


Brielle Camiolo REALTOR

2676085232

briellecamiolo@remax.net

Check out:

facebook.com/briellecamiolorealestate

instagram.com/briellecamiolorealtor






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