0416-02 Electronic Personal Finance Ideals

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         TO: Interested Christians                                                                                                                FROM: Jim Bramer, Retired CPA
                                                                                                                                                                         FILE: 0416-02/env

          RE: Electronic Personal Finance Ideals                                                                                     Originated:  October 2004 


       Below is a hypothetical Online Email thread (THRD) between any one of the following participates: John (Husband or non married male),  or Mary (Wife or unmarried female) and Jim@BCIDOT.ORG   Click here and go to List of threads (THRDs) at www.bcidot.org


FR: John and Mary

        Jim,  Since we have some Ministry Finance responsibilities, we have just read your material listed below on the general topic of "Electronic Finance Ideals"  at such Ministries.  Please share with us something similar for Personal Finances.

Church                          http://www.bcidot.org/chu/5016-02.html
Mission Agency         http://www.bcidot.org/mis/8016-02.html
School                           http://www.bcidot.org/sch/7016-02.html

 FR: Jim Bramer, Retired CPA

        Thank you, John and Mary ----  appreciate you sharing that you have read these.  Well, it seems that once you have your computer, and you have a fast connection to the Internet,  that some of the Electronic Personal Finance ideals could include the following:

  •    You are at ease about working with a remote Bank where you never go to their building.  You make full use of Phone, Email, Online Banking facilities and ATMs that are located almost anywhere.
  •    You make full use of the virtual Envelope concept to help you control your spending as you pay off your Credit Card Statement monthly.
  •    You do not get a "piece of paper" pay check -- your net pay is deposited electronically into your bank account.
  •     If you own a business, you make maximum use of Internet/Computer receiving and bill paying tools to complement your accounting system --- you especially have someone else process your payroll, etc.
  •    You shop Online and make bargain purchases and pay Online using your Credit Card
  •    You access your current Credit Card purchases info 24/7. Also, by pre-arrangement, vendors can be automatically categorized for bookkeeping purposes
  •    You use Online Bill Payment resources 24/7 to pay your bills electronically
  •    You access your personal Bank Account 24/7 -- which also allows you to electronically transfer money from one bank account at your bank to another
  •    Your Bank and Credit Card transactions are downloaded to your Personal Finance software; either automatically or when you choose.
  •    You utilize Personal Finance software that allows you to know if you have money to spend for the upcoming week, etc.
  •    You make use of Mom@Home HLPer types who remotely does the majority of your personal bookkeeping
  •     You work with a Tax Preparer who provides at least the following:    1> You fill out forms Online, via their web site, as you Online provide them with your necessary tax reporting data and  2>  You work with them as your tax returns are filed electronically

FR: John and Mary

        Thank you.  Please list below some of the links that address some of what you have shared above. 
        Again, Jim,  thank you for providing us with such helpful information.
 

 FR: Jim B

        Spending Controls                                 http://www.bcidot.org/env/0400-00.html
        Business Payrolls                                  http://www.quickbooks.com
        Mvelopes                                                  http://www.bcidot.org/fwi/0928-03.html
        Mom at Home                                          http://www.bcidot.org/fwi/0905-03.html  
                                                                                            http://www.bcidot.org/penny


 FINIS:

        Please Click Here for a folder list of Spending Control writings on www.bcidot.org.  Feel free to contact me at Jim@bcidot.org if you have any comments or questions about any of these matters.  Remember -- It is my desire to encourage you in your Christian walk and to be "Your Servant for Jesus Sake:" Thank you.   II Corinthians 4:5B  This was updated last on: June 04, 2010   

Email Address:   Jim@bcidot.org  - Phone: (559) 298-5507  -- 
 Mailing Address:  2628 East Goshen Ave. - Fresno, CA 93720

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