A Better Way to Manage Your Everyday Money - Book - Page 43
What’s still missing is a useful link between income and outgo. Our wallet (real or digital) is not
an acceptable conduit. What we need is a safe place to temporarily store our income that is easily
accessible online. A checking account at a bank or credit union fits the bill. (More on checking
accounts in Chapter 6.)
With a checking account as the intermediary between income and outgo, we have a model of
personal finance that applies to everyone. If you have income, regardless of how much you earn,
this model shows what is happening to your everyday money.
This model also shows the fundamentals of how PerNetFlow works.
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