Make Your Bank Acounts Work!

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1 Make Your Bank Acounts Work! Have the financial future you want! dream plan prosper VerdiPlus

2 What is it that financially successful people do that you don't? One thing could be defined bank account structures. This is when you have bank accounts set up, each with a specific purpose. Some of these, such as household spending, may have EFTPOS access for convenience, while more longterm accounts may have online banking access only. Organising your bank accounts gives you a better idea of the amount of money you have for the different types of expenses you need to pay. This also creates clear boundaries on what you can spend to grow your savings consistently. Don't Look Back We have all made mistakes with our money. However, there are two ways you can go about this: 1. Continue beating yourself up for the mistakes you've done before. 2. Stop dwelling in the past and start planning on how you can move forward! Be Bold Do it! That's right, read this ebook, find out how to effectively structure your bank accounts, be bold, make the change, and do it! Be the Boss Become the boss of your money, rather than having your money rule you! Yep, we all have days where we feel like we're getting nowhere. We ask ourselves, "Where is our money going?" "Why can t I get ahead?" The Bank Plan gives you the edge you need to take control of your money!

3 Balance Commitments such as family and work make it difficult for most people to focus on other important tasks, such as managing their money. However, with the Bank Plan, you don't need to worry about your finances anymore even if you are short on time! The Bank Plan gives you the right bank account structure, ensuring you don t overspend. All it takes is a single click once you've filled out the Money Map. Build a Financial Base You may not realise it, but the money coming and going from your bank accounts has a very significant impact on your financial base. Using the Money Map shows where your money is going so you can plan for your expenses and spending. From there, by using the Bank Plan, you can create the financial base you need and find out what your weekly allowances should be, the priority of the things you need to buy, and what your weekly surplus could look like. Breathe Easy The Bank Plan encourages you to have spending bank accounts that are not directly linked to the account where your salary is deposited to. Although it may seem a bit worrying, this done to encourage you to stick to your weekly budget. As long as you spend within the weekly balance you have allocated, you will always end up effectively managing your money. So, breathe easy! Getting Started with the Bank Plan Setting up your Money Map (or budget) is simple and easy. The challenge for most people is sticking to it. Completing the VerdiPlus Money Map tool first will make creating a Bank Plan a lot easier. This way, you will get to see where your money is going in and out of your account. This will enable you to have a better understanding of how your money flows through the bank accounts which the Bank Plan will setup for you. dream plan prosper

4 What does a Bank Plan look like? With a click of a button, the Bank Plan creates a personalised bank account structure designed to protect and grow your savings. From there, you can simply contact your bank to set this up. Setting up your Bank Plan Below is a diagram showing how the Bank Plan works: The VerdiPlus Money Flow Tools Process Step 1 Complete the Money Map Step 2 Click on the Bank Plan Step 3 Choose which bank accounts will work for you Step 4 Set up your bank accounts to match your Bank Plan Step 5 Use what's only in your Spending Accounts Step 6 Watch your surplus grow!

5 In Summary You have a master bank account that your income is deposited into. However, you don t have ATM / EFTPOS access to that bank account. This protects your money by stopping the mindless spending that can take place! All your bills, direct debits and automatic payments are deducted from that account as well. You also set up transfers to Spending accounts. These accounts help you remember how much you can spend. The good thing about these accounts is that you can spend it on whatever you like! All you need to remember is to stop spending when the account's balance reaches $0. If you do end up spending your allowance before the next transfer, don't worry! Doing your spending allowance transfers weekly will make sure you only have to wait a day or so for your next top up! Spending Accounts For spending, you can set up different accounts for different purposes. 1. Household Spending for groceries and takeaways 2. Personal Spending for your own spending (and another one for your partner) 3. Occasional Spending for expenses such as WOFs and Christmas gifts 4. Kids Spending for activities and spontaneous expenses Saving for Spending There are two types of savings that you need to keep in mind: 1. Long term Savings you don t touch and allow to grow over time 2. Short / Medium Term Savings that you grow with the intention to spend It's also important to plan and prioritise the things you want to use your funds for, may it be a new car or a holiday. It's always better to have the funds ready for the things you want to buy rather than using debt. Take note that this bank account does not have ATM / EFTPOS access. This helps protect your money so you can reach your goals! dream plan prosper

6 Financial Success can be yours! To eliminate financial guesswork and reduce money stress, find out more about VerdiPlus. You don t need to do this on your own! Sign up for a free trial at: Already a member? Login at: dream plan prosper VerdiPlus