Create Your Own Confidence Bank Account

This is a technique that sounds a bit silly when you first hear about it (and doesn't seem at first to get much better as you read on) but WORKS, which is what counts, if you apply it to your life. The idea is to "open" a Confidence Bank Account for yourself. Bear with me on this!

We all feel at times that our confidence could be at a higher level than it is, whether that is in the moment or over a period of time. By using a CBA, we can build our confidence back up to where we would like it to be.

The principle behind the idea is this; every time you do something, big or small, that adds to your self confidence, you make a deposit into your CBA. As you start to do more and more actions that give you confidence, your CBA begins to grow.

You don't need to write down your account but that may be helpful to you. Lay out our account as if it were a real bank account by using a spreadsheet or simply a sheet of paper. Start the account with an opening balance. Decide at what level your confidence is, at present, on a scale of 1 to 10. For every level, give yourself 100 bank credits. In other words, if you rate yourself at 6 on the confidence scale, add 600 points to your CBA.

Now that your account is open, start becoming aware of the things you do in your life that improve your self confidence. This is the key to the technique. It makes you look for the good things you do at times when your focus may be elsewhere.

Every time you notice doing something that is positive, in any area, rate that deed on a scale, and award the points to the account. Not everything we do on a daily basis would have a major impact on us, so be careful not to miss the small things.

A couple of examples of points scoring would be as follows. Let us say that today you have just delivered a presentation at work in front of a sizeable number of your colleagues and strangers from another company. This would be an action that deserves a high number of points, so you could award yourself 200 credits.

On the other hand you also smiled at someone in the supermarket whom you are attracted to. This is not the biggest thing that has happened in your life, but it should be rewarded. Give yourself 25 points. The most important aspect of this system is in encouraging you to spot the small stuff.

As time goes on and your account fills up you will begin to notice an improvement in your level of self confidence. If you find that there are specific areas that you would like to build on, then open a CBA solely aimed at that subject. You could have an account for relationships, work, friends, strangers, anything you decide upon.

Your CBA has no overdraft limit, therefore you can't take out more than you put in. If you do something that you feel has reduced your confidence, don't be too harsh on yourself. Even if what has happened seems like an almighty disaster at the time, just remind yourself that you not only own the account but you own the bank as well.

Try this technique for a few weeks and see if it works for you. Even if you keep the account in your head rather than on paper you should be able to feel a difference in your life.

Allan Cowley is a Life Coach working on a one-to-one basis with clients throughout the world. He provides online life coaching via his website. You can contact him at:- http://www.uk-success-coach.com/

How to Apply for Bank Savings Account?

Financial stability is necessary in order to provide your family the future they deserve. The other side of the coin, which is spending all that you earn, will cause financial instability and the possibility of bankruptcy will surely knock on your door.

It is thus better that you keep some of your earnings in preparation for the good future of your family. Bank Savings Account is money reserved in the bank for future use. Although, it may be accessible when you need it, having enough on your bank savings accounts will be a good means to keep some of your money.

Bank savings account promotes the habit of savings. Aside from being able to save some of your money in reserve, your money may also earn interest depending on the time your money stays in the bank.

How to apply for Bank Savings Account?

Bank savings accounts or deposits accounts are considered assets. Thus, regulation in processing application for bank savings accounts are in place to assure proper handling of the money.

To apply for bank savings account, you will need the money for your deposit, aside from this you will also need to submit the following:

1. Two (2) passport size photographs for each of the individuals applying for bank savings account.

2. Completely filled up and signed application form for bank savings account.

3. Proof of identification such as passport or postal identification.

4. Your social security number is also a requirement.

A single individual, joint savings account or even a corporate savings account may apply for bank savings accounts. All the individual who will access the bank savings account may need to submit all of the above requirements.

How to withdraw from your Bank Savings Account?

As mentioned earlier, you may withdraw or use the money or parts of it when you need to. To avoid problems including illegal transactions, you will need to present your passbook upon withdrawal.

Taking care of your passbook will ensure that no one will be able to access your money without your express approval.

Aside from submitting your passbook upon withdrawal you may also need to present identification, the bank officers will verify your data and the signatures in the withdrawal form. This is a ceremonial procedure, which should not be bypassed.

Proper management of your bank savings account will ensure that the money you are keeping for the future will be kept safely and use of the fund will be managed in such a way that you will be able to make use of it only when it is necessary.

Keeping your money in a bank savings account will reduce the risk of spending in your heart’s desire. This will ensure that your bank savings account will be helpful in securing the future of your family.

What are deposit accounts?

Bank savings account is only one of the many deposit accounts that will help you manage your money properly. Other types of deposit accounts are:

• Money market deposit account

• Time Deposit

• Transaction deposit

Financial stability starts from the habit of saving and one sure way to ensure you will keep you money well managed is by keeping it in a Bank Savings Account.

Get more info on the topic of bank savings account

Understanding Your Bank Account Details Better

With so many different terms floating around, banking terminology can get really confusing. If you are someone who doesn’t know their AER from their APR and their PIN from their Chip, then this guide to common banking terms could enlighten you.

AER

AER stands for Annual Earnings Rate. AER is used to calculate the annual amount that you earn on an investment or savings account. The higher the AER, then the better the investment or savings account. If you are looking for a savings account then compare AER’s to work out where your money is going to make the most profit.

APR

APR stands for Annual Percentage Rate, and is the amount of interest that you pay each year on a loan or mortgage. The lower the APR then the less you will pay yearly on that item of borrowing. Items with high APR’s like credit cards have APR figures around 15-20% whereas mortgages have a low APR figure of about 5-7%. The quickest way to compare loans is to look at their APR values.

Chip and PIN

Chip and PIN is the current system used to pay for items or withdraw cash using a credit or debit card. The card has a 4-digit PIN, or personal identification number, that you enter into a cash machine or till machine in order to retrieve money or pay for goods. The chip on the card holds information that, combined with the PIN, allows the machine to identify you as the correct owner of the card. Chip and PIN is more secure than the previous magnetic strip and signature technology that was used a few years ago.

Overdraft

An overdraft is a sum of money that you are minus within an account. If you go beyond the amount of actual money you have in an account, then you go into the overdraft. Many accounts have a pre-arranged limit that allows you to go overdrawn, which can be useful, as unauthorised overdrafts will cost you a lot in interest and fees.

Phishing

If you use online banking, then Phishing is a term you might have heard of but you might not know what it means. Phishing is a form of scam or illegal attempt to get hold of your bank details online so that they can withdraw money from them. When online banking started this was a big problem, but with increased security measures the problem is getting better. Most Internet browsers include a Phishing filter to stop such practices from occurring.

Standing orders and Direct Debits

Standing orders and Direct Debits are similar in some ways, but different in others. Both involve a regular amount being transferred from one account to another. Standing orders are a regular, fixed amount that you pay to another person or company, usually monthly. Direct Debits are an amount of money, which can be fixed or varied, that is removed from your account at set intervals. One example of a Direct Debit is mortgage repayments.

Getting advice

If you are unsure about any other banking terms, then visiting your local bank branch or looking online might help. Never be afraid to ask about something, because if you don’t understand something that is part of your account policy, you could lose money or not be taking full advantages of the features on offer to you.

Peter Kenny is a writer for The Thrifty Scot. Please visit us at Best Current Accounts and Child Trust Funds Visit http://www.thriftyscot.co.uk

Swell Your Bank Account Balance in 2005!

We have heard time and time again that money doesn't grow on trees. How we wish it does. Life is super expensive! You may have even taken a second or third route to pursuing income.

I am no financial planner but the following tips will assist you in getting your finances in order and making the money you have last longer.

1. As soon as the mail arrives, separate the bills and put them into one designated area. Sort through them and put the bills into 2 folders labeled 1-15 for the first 15 days of the month, and the other folder labeled 16-31. Twice a month, designate a day to pay your bills. Be sure to schedule your bill paying day on your calendar so it gets done in plenty of time. By the way, I also keep a folder for medical reimbursement receipts for my insurance and for tax documentation.

2. Designate a separate auto depreciation account that money is transferred into monthly. It doesn't have to be a large amount. Have it transferred automatically, and sure enough, by the time you need to buy a car, you will have money to turn to.

3. What motivates a purchase? Do you shop when you're blue, stressed, frustrated, bored? If you know you use shopping as a coping skill, then don't set yourself up! Don't go to the Mega Bucks Boutique. Go someplace where the prices are reasonable and you won't replace your current emotion with guilt. Go to the dollar store. Yes, the all-incredible, super, glamorous collar store. You need to buy something, right? I buy generic children's Tylenol ($3-5), Band-Aids($2-4), shampoo($2-5), gift bags($2-3), all the trimmings for a child's birthday party($20-30), hair stuff for my daughter ($2-4), bath soap($2-4), cleaning supplies ($2-4) and on and on. Think about paying the cost of these items in other stores (listed in parentheses) and then think--I only paid a dollar. It is is amazing all the stuff people pay too much for and find on the shelves of these kinds of stores. Along with the good feelings someone gets when purchasing something expensive, there is a sort of a euphoria that can be felt when you save a significant amount of money. Better yet, later you don't feel guilty for saving your family $20. (Teresa Higginbotham)

4. Consolidate your credit cards. You may have heard this before and it is REALLY IMPORTANT. By paying the minimum monthly balance on many cards, you are paying lots of finance charges and postage. Choose 1 credit card with the lowest APR and highest credit limit. Transfer old balances to this card. Your balance will look a lot higher because all spending is on 1-2 cards. You will be able to pay a much larger balance though now that you only have 1-2 cards instead of 10!

5. Keep track of expenses. I don't mean a rigid budget, but for a month or so, keep a small notebook with you and record your purchases. Include the miscellaneous ones- the People magazine, snapple, and starbucks. Record these expenses and at the end of the month, total them and match them up against your income. You will see where the money is going. Perhaps much of it is falling into categories such as the miscellaneous one. You can cut back on these incidentals by assessing whether or not you really need these items. I don't mean not to enjoy life and relax but keeping tabs on where the money is going is really helpful when making decisions about how you want to spend most of your money-travel, retirement, or eating out? Make small incremental changes when possible.

I hope these money saving and enhancing tips benefit you in your pursuit of a balanced life.

Rebekah Slatkin is a professional organizer dedicated to getting people organized through hands-on decluttering sessions, teleconferencing, coaching, and her website http://www.best-organizing-products-superstore.com Visit http://www.best-organizing-products-superstore.com and subscribe to Organewz, her ezine dedicated to organized living and get organizing tips and downloads- free.